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

Gas Coordination Group sees overall good level of preparedness of EU Member States and Energy Community countries in case of gas crisis

The Gas Coordination Group, chaired by the Commission, met this afternoon to analyze in detail all elements of the preparedness of the EU and the Energy Community for a potential supply disruption in the Winter 2009/2010. more »

Joint statement by Commission and IMF after European Banking Coordination Initiative Meeting for Romania

In a meeting of the European Bank Coordination Initiative Group, held in Brussels, the parent banks of the nine largest banks operating in Romania reaffirmed their commitment to maintain their exposure to the country and ensure adequate capital levels over 10 percent for their affiliates. more »

Lithuania and Vilnius Turning to a More Inviting Destination

Airline airBaltic has informed of its plans to resume some flights from Vilnius International Airport before the end of this year. more »

Commission approves restructuring plan of Lloyds Banking Group

The European Commission has approved under EC Treaty state aid rules the restructuring plan of Lloyds Banking Group. more »

"Finance and climate change" - a challenge for the future

"Finance and climate change" was under discussion at a 10 November hearing in parliament's Industry, Research and Energy Committee. more »

IMF Announces Sale of 2 Metric Tons of Gold to the Bank of Mauritius

The International Monetary Fund announced today the sale of 2 metric tons of gold to the Bank of Mauritius, the nation’s central bank. more »

The new ten winners of Danske Bankas scholarships for the 2009–2010 academic year determined

After lots were drawn, ten winners of Danske Bankas scholarships and one winner of an iPod shuffle player were established. more »

Bank SNORAS begins distributing “Finasta Asset Management” II level pension funds

From 16 November 2009, AB Bank SNORAS network starts providing new products – one can sign agreements of “Finasta Asset Management” II level pension accumulation funds in all subdivisions of the bank. more »

Baltic Rim Outlook: uneven recovery

The expected turnaround in the Baltic Rim economies is likely to gradually improve the business opportunities for Nordic companies operating in the region. more »