ding to PAP, Rafal Juszczak, CEO of PKO BP
, has stated that there will be no share issue. Instead, the expected capital increase, in the next five years, will be made in the form of euro
bonds issue, with the first tranche most probably already in the 1H08.
Last month PKO BP
representatives have stated that the bank would consider a capital increase at the beginning of next year, to support its credit portfolio expansion. At that time, the share issue was mentioned as one alternative. We would expect the news to have a some positive impact on the stock price, as the new share issue has been rejected.