LG Petro Bank to increase operations and net profits

LG Petro Bank is planning to increase its net profit this year by about 30%. However, the bank's shareholders cannot count on dividends since last year's profit of zl 24.2 million will be spent on new investments. "This year we want to improve our net profit by about 30 % to over zl 40 million," said president of LG Petro Bank Dong Chang Park. "We are also planning to open 4 new branches of the bank in major cities in Poland," he added. By the end of 2000, all LG Petro Bank institutions will work on-line owing to the introduction of a new Information Technology (IT) system. The Bank has decided to introduce IT consumer credits, labeled LG www.kredit. After filling in a form a customer may receive verification from the bank via the Internet within 24 hours. (Prawo i Gospodarka, page 10) A.Z.