Investors offered the opportunity to give Kredyt Bank 50% capital boost

Shareholders in Kredyt Bank have decided to increase the bank's capital by 50% through an issue of 49.3 million shares. At a general meeting yesterday, the shareholders decided that the share price would be zl.17.7, calculated to raise the bank's capital by zl.872.6 million, to zl.2.5 billion. However, only two investors are expected to be interested in purchasing the Kredyt Bank shares - KBC Bank of Belgium and Portugal's Banko Espirito Santo. Analysts say they believe there is little interest in the issue among investors not already connected with Kredyt Bank, since the share price is not attractive. KBC Bank currently owns 49.9% of Kredyt Bank, while Banko Espirito Santo has a 19.86% stake. Kredyt Bank plans to invest the additional capital in strengthening its position on the market. (Prawo i Gospodarka, p. 9) M.M.