Record year for brockerage houses with CDM Pekao coming out on top

The net profits of brokers operating on the Warsaw Stock Exchange (WSE) amounted to zł.425.5 million, which is a growth of 45% as compared to 2004 and the best result in history. Among 33 brokerage houses which do not belong to banks and 5 brokerage houses which belong to banks, 9 entities made a loss totaling zł.2.85 million. 20% of total income was generated by Centralny Dom Maklerski Pekao, which made zł.92.4 million. The highest growth, of 139%, came from CA IB Securities. The brokerage house of Bank BPH, which operates mainly in the retail segment made a gross profit of almost zł.56 million. Representatives of the bank revealed that 80% of transactions are made through its Internet brokerage accounts, the number of which stands currently at over 20,000. (Parkiet, Feb. 25-26, p. 1) A.K.