Wrangle over claims that Bank Pocztowy needs zł.0.5 billion for development

However, neither the institution nor its minority shareholder PKO BP have yet discussed the matter. "It is hard to say now how much will have to be invested, as the owners have to discuss this issue and agree on the strategy," said Poczta Polska's general director Tadeusz Bartkowiak. "One thing is sure that in order to ensure proper development of BP, it requires increasing its share capital. The amount of the required capital depends on the market situation, attractiveness of products, as well as level and quality of services provided to our clients," Bartkowiak added. However, BP spokesman Michał Jedryka said: "We do not need capital injection." After three quarters of 2004, the bank had solvency ratio of 18%, which is twice more than required by the Banking Supervisory Commission (KNB) and suggests that it needs no additional funds. (Puls Biznesu, pp. 1, 9) M.M.