The Polish central bank issued a defensive press release, following the latest media comments that the banking supervision commission - whose members include both government and central bank representatives - was intentionally delaying its decision on the takeover of Bank BPH by Unicredito. The central bank informed that the general inspectorate of banking supervision had received a letter from Unicredito on January 19, informing that it intends to submit all documents required by the commission (in October 2005) by February 6. Unicredito expects Polish authorities to discuss Unicredito’s enquiry at a meeting planned for March 8. We do not expect the news to have a substantial impact on the stock price today, as it merely suggests a continuation of an already long wait for a Polish regulatory decision.