PKO BP prospectus sent to Stock Exchange Commission

On Friday the Securities and Stock Exchange Commission (KPWiG) received PKO BP issue prospectus and the motion from the Treasury Ministry asking for the permission to sell the bank's stock. Treasury Minister Jacek Socha claims that the KPWiG will examine the prospectus by the end of August, which means that the decision about allowing the public offer will most probably be announced at the Commission's meeting on August 31. The Ministry wants to sell up to 30% of PKO BP shares, with an additional 10% to be awarded to the bank's employees. "The general value of the 30% stake is probably worth between zł.5-6 billion," said Marcin Materna, Millennium DM analyst. Bank PKO BP has been systematically improving its results. At the end of Q2 it recorded a zł.844.4 million net profit, which may be the best result on the market. (Puls Biznesu, p. 4) A.F.