Thousands flock to PKO BP to take part in giant flotation

Within 5 hours and 40 minutes 65,000 individuals created privatization deposits, which will allow them to purchase shares of PKO BP worth zł.1.1 billion. Others will now have a chance to subscribe to shares in the brokerage houses. "I think everyone will benefit from this. Selling these shares will teach everyone a lesson. These individuals will find it easier to take a decision about, for example, purchasing investment fund units in the future," claims deputy president of BZ WBK Brokerage House, Ryszard Czerwiński. Brokerage houses are now using leverage to attract new clients. "It will be no less than 10 times an individual's input," assured Czerwiński. Bank BPH will offer a leverage up to 1,300% of the total input, while PKO BP's own brokerage house can grant leverages up to 1,800% of an individual's stake. (Parkiet, p. 1) M.M.