WBK set to chalk up healthy profit, analysts reckon

BZ WBK should record a profit of zł.396 million this year, according to CA IB analysts. "This is going to be an exceptionally good year," said Jacek Kseń, BZ WBK president. "In the second quarter we managed to sell the Card Point company, which specializes in building networks for POS [point-of-sale] terminals. Its POS market share is 7%". The successful first quarter of BZ WBK was not due only to the performance of the bank itself, however, for it earned zł.128.8 million from dividends derived from insurance company Commercial Union. In the near future, BZ WBK plans to concentrate on the development of the company as a whole and plans to see a rise of approximately 40% from its mortgage operations. (Puls Biznesu, p.10) A.F.