WBC appears to be Getin Bank's take over target
The present investors, that is 12 leading banks, will vote on a resolution according to which they will be able to regain the capital they put in the bank when it was on the brink of bankruptcy in 2002. The move is to be financed with WBC's 2004 net profit of zł. 65.7 million, as well as with the capital raised through lowering the company's capital by zł.160 million. The possible new investor is Getin Bank, although neither of the presidents of the companies wants to comment on the speculation. WBC president, Henryk Pietraszkiewicz underlines that the bank he manages is in a healthy financial condition. (Puls Biznesu pp. 1, 5) M.G.