Top Polish bank PKO BP sold retail T-bonds worth PLN 13 bln in 2 yearsas issue agent

Published: 3 August 2005 y., Wednesday

  Poland's largest bank, PKO BP,
sold retail  Treasury  bonds with a total value of PLN 13 bln in the two years since  it  took  over the role of issue agent from no.2 bank Pekao SA, Jan  Kuzma, the director of brokerage house BDM PKO BP, told a press conference Tuesday.
     In  the  two-year  period  since  August 2003, PKO BP noted average monthly  sales  of retail Treasury bonds offered by the Finance Ministry of PLN 500-600 mln - 18% higher than when Pekao SA was the issue agent.
     The  bonds, which are offered in 1,000 outlets and via internet and telephone,  were  purchased by 400,000 clients, 60% of which weren't PKO BP customers.
     Clients  were  the most interested in 2-year bonds, which accounted for 71%  of  all  of  the  sold bonds, though their share of total sales dropped to 55.7% in the second year from 85.6% in the first year. At the same time investors showed increased interest for 3-and 5-year bonds.

Šaltinis: INTERFAX-EUROPE
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

Taking stock of the single market

Most EU countries continue to meet deadlines for incorporating single market rules into national law, contributing to economic growth and job creation. more »

Japan debuts new bullet train

Japanese officials unveil their new bullet train, capable of travelling at speeds of 320 km per hour (198 miles per hour). more »

The Security Technology Exhibition KIPS 2011 to be Held in Kiev

The first International Security Technology Exhibition, KIPS 2011, will be held on 23-26 February 2011 in Kiev (Ukraine). The motto of the exhibition is ‘There can never be too much security!’ more »

Dubai dining reaches new heights

The world's highest restaurant opens in Dubai, United Arab Emirates, located 400 metres above ground in Burj Khalifa, the world's tallest tower. more »

Clarifying rules to strengthen consumer rights

The rights of consumers will be clarified and updated, whether they shop at a local store or buy goods on line, under new EU rules as amended by the Internal Market Committee on Tuesday. more »

Fiji and Papua New Guinea: green light for economic agreement

MEPs on Wednesday gave their green light for the Council to conclude an Interim Economic Partnership Agreement with Papua New Guinea and Fiji, two countries of the Pacific Region with significant exports to the EU. more »

Setting the stage for economic recovery

Report sets 10 priorities for tackling the bloc's main economic challenges, launching the first ever ‘European semester'. more »

Capsule rooms appear in Shanghai

China's first capsule hotel ready to open its doors in Shanghai, aims to capture slice of booming leisure budget travel market. more »

A turning point for the European financial sector

Declaration by Michel Barnier on the start of three new authorities for supervision. more »

A successful start for the euro changeover in Estonia

On 1 January, Estonia adopted the euro as its official currency and the changeover is running smoothly and according to plan. more »