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BOŚ files restructuring program with Polish regulator

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BOŚ files restructuring program with Polish regulator

saidMarch 30 that it submitted a financial rehabilitation program for the approvalof the Polish FSA.

Thebank also said it started working on a new strategy running through 2020 thatwill align its activities and targets with the rehabilitation plan. The maindetails of the strategy will be made public before an April 27 shareholdermeeting, during which a capital hikewill be submitted for approval.

BOSreported a net loss of 51.1 million Polish zlotys for 2015, PAP noted March 30.

AnotherPolish lender, Getin Noble BankSA, also recently said it filed a restructuring program with theFSA. Banks operating under rehabilitation plans are exempt from paying an assettax introduced in Poland earlier in 2016.

As of March 30, US$1 wasequivalent to 3.75 Polish zlotys.