State Treasury to boost BGK's capital by zł.1 billion

The Treasury wants to boost the bank's capital to facilitate the execution of a planned investment strategy. The bank might need as much as zł.1 billion in order to support investments and improve its loan potential. It was revealed that the bank will foremost receive minority stakes in companies which are privatized through the Warsaw Stock Exchange (WSE). "We are currently analyzing what shares and stakes we can transfer to BGK," said Deputy Treasury Minister Przemysław Morysiak. As of October 2004, the Ministry had 1,010 minority stakes in both publicly traded and in non-public companies. It is not excluded that the latter will also be transferred to the bank. (Puls Biznesu, p. 6) A.K.