President of BZ WBK announces he will resign

"We rarely have a situation on the Polish market in which a president or management board member inform about their plans to leave their post one year ahead. This introduces a new quality to business. This proves the decision is responsible and well thought over and not taken under pressure or impulsively," said Artur Szeski, an analyst with CDM Pekao. BZ WBK is expected to announce record high results for 2005, as the company is enjoying a rapid rate of growth. "President Kseń supervised Bank Zachodni's merger with WBK. Since that time we have witnessed the effect of synergy," said Marcin Materna, analyst with Millennium DM. Analysts stress that the main features of the bank include stability and perspectives for the institution, but at the same time one of the drawbacks of the current management include poor efforts in terms of selling foreign currency mortgage loans, as it does not even offer such products. (Puls Biznesu, pp. 1, 9) M.M.