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

Georgia: Kakheti Regional Road Improvement Project

The Kakheti Regional Roads Improvement Project for Georgia aims to reduce transport costs and improve access and traffic safety for the Kakheti regional roads. more »

The Cultural Days of the European Central Bank 2009 come to an end

“Don Quixote – Made in Romania” brought the curtain down on the Cultural Days of the European Central Bank (ECB) 2009, with an expressive combination of tap dance, folklore, pantomime and martial arts. more »

The capital of the Latvian bank AS “Latvijas Krajbanka”, managed by Bank SNORAS, increased by LTL 45 million

The Latvian Finance and Capital Market Commission permitted Mr. Vladimir Antonov, who is also the main shareholder of AB Bank SNORAS, to acquire and manage up to 33 per cent of the shareholding of the Latvian bank AS “Latvijas Krajbanka”. more »

New Asphalt Plant

On October 30, the French-capital company “Eurovia Lietuva” opened a new asphalt plant near the capital city Vilnius. The company invested EUR 3.5 million into the new factory which is located near the old manufacturing facility to be closed soon. more »

The shareholders of AB Bank SNORAS endorsed increasing the authorized capital up to LTL 500 million

During the extraordinary general shareholders' meeting of AB Bank SNORAS, which took place on 5th November 2009, it was decided by additional contributions to increase the authorized capital of the bank by more than LTL 88 million. more »

New Asphalt Plant

The French-capital company “Eurovia Lietuva” opened a new asphalt plant near the capital city Vilnius. more »

Baltic Banking Among the Most Advanced in CEE

“Banking Market in the Baltics 2009-2011, CEE Banking Brief” report recently presented by Intelace Research states that, despite the current economic recession, Estonia, Latvia and Lithuania are still among the most advanced banking markets in Central and Eastern Europe (CEE). more »

AB Bank SNORAS will include LTL 72.5 million bond emission in the second level capital of the bank

The Bank of Lithuania permitted AB Bank SNORAS to include in the second level capital LTL 72.5 million (EUR 21 million) worth emission of termless debt securities distributed via non-public distribution on 31st August this year. more »

Financial, Economic and Social Crisis Committee holds opening session

The remit of the Parliamentary Committee set up to examine the financial crisis was debated at its first meeting on Wednesday (4 November). more »

Borderless banking

Europeans can now use direct debit from their home account to pay bills anywhere in the EU. more »