Polish American Enterprise Fund to decrease stake in PPABank

PAEF's stake is expected to be replaced by that of Belgium's Generale Bank, which now holds 9.7%. PAFP and the Enterprise Credit Corporation each hold roughly 25%. On Friday, PPABank opened a branch office in Gdynia, and plans to open branches in Warsaw, Wroclaw and Lodz this year. (Prawo i Gospodarka, page 6, Reuters)