KNF asks BOŚ Bank to revise its repair program

The financial market regulator KNF has asked a state-controlled Bank Ochrony Środowiska (BOŚ Bank) to revise its repair program taking into account the regulator's recommendations, the bank informed in a market filing. According to it, BOŚ Bank must submit the new version within 30 days at the latest. At the end of March, the bank filed a repair program with financial market watchdog KNF, following a net loss of PLN 51.1 million reported in 2015. The bank also told KNF then that it was working on a framework strategy to 2020, which will be congruent with the repair program. BOŚ Bank is a commercial lender specializing in supporting undertakings and activities contributing to environmental protection. It has been listed on the WSE since 1997.