Pekao SA publishes zl.1.25 billion profit forecast for year

Bank Pekao SA has published a profit forecast for this year, according to which its net gains would rise to zl.1.25 billion, compared to zl.763.2 million in 2000. The forecast is based on the bank's first quarter profit of zl.230.4 million, significantly higher than the zl.136.8 million in the same period of 2000. According to Maria Wisniewska, chairperson of Pekao SA, the market situation is very tough this year, which may mean the results are not as predicted. However, she insisted that the profit goal was absolutely achievable. "Everything is going the right way," she said. (Parkiet, p. 1) N.V.D.