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WSE WEEKLY MARKET SUMMARY

• Monthly summary - 12.2008

The year 2008 is over. One feels tempted to add, fortunately. Hopefully, nothing in the near future will match last year’s events. The developments in the USA and on many other stock exchanges were comparable to what transpired in 1930 (when the DJIA fell by a third) and 1931 (when it fell by half). In 2008, the index lost up to 50 percent during the year. It was also the worst year in the 17-year history of the WSE.
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FINANCE&STOCK MARKET

Profits may be generated in bullish and bearish markets

MACIEJ BRYSŁAWSKI, Vice-President and CEO at Superfund TFI SA, talks to “Polish Market”
Q: The global crisis is emptying investors’ accounts. How, under these difficult investment conditions, has Superfund been able to achieve such excellent results in increasing its clients’ money?

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We guarantee clearing security and efficiency

“The Polish clearing system is a strong point of the country’s banking system. Fortunately, no expense has ever been spared for its constant modernisation and expansion. We can now be satisfied with the results,” says Kazimierz Małecki, President of the National Clearing House (KIR SA).

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Logistics is necessary

“Euro adoption in Poland will be a challenge and a great chance for banks to show their role, potential, abilities and friendliness to clients, who will be expecting support from the banking sector,” Mariusz Mastalerz, Managing Director at PKO BP SA, who manages the Cash Management Centre, tells Jerzy Bojanowicz.

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Time has come for expert hunters

Time has come for expert hunters

“Alior Bank SA is the largest European start-up in 30 years in terms of equity capital. We are entering the market and are going to provide services in all its segments. Although we have worked on the project no longer than a year, we have already built some 80 branches. By the end of 2009 their number is to rise to over 200. Then, we are also planning to open 400 agencies and are considering setting up 300 consumer sales outlets.

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An attractive market

„Besides financing large projects we want to concentrate on smaller, more close-to-lifeundertakings. In a bid to refresh our image we plan to work more on initiating new ideas for the rest of the market to pick up. In this respect we really want to be the leader. This is our basic strategy and mission for the coming years”, Mariusz Klimczak, President of Bank Ochrony Środowiska (BOŚ) reveals to Polish Market’s Jerzy Bojanowicz.

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Long-term crediting

“Supranational banks have easier access to cheap financing than commercial banks and can therefore offer more attractive credit terms. We want this to be felt by our clients, for whom the main advantages are smaller margins than on investment loans and the possibility to postpone capital repayments”, Małgorzata Dusza, head of the Financial Institutions Section at Bank Ochrony Środowiska SA (Environmental Protection Bank, BOŚ) tells Polish Market’s Jerzy Bojanowicz.

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“We are wherever we are needed”

Asked about the involvement of Deutsche Bank Polska SA in the Polish investment and financial market, Member of the Board Mirosław Urbański tells “Polish Market” that the bank is there to meet its customers’ needs whenever they arise. >>

DnB NORD Bank

The merger of DnB NORD Polska and BISE on November 9 was an important development on the Polish banking market. The two banks merged to form a single bank belonging to the DnB NORD group, DnB NORD Polska SA. The new bank provides services to all clients who previously used services offered independently by DnB NORD Polska and BISE. The bank has a network of 50 outlets, six regional corporate banking centres, a network of around 200 Monetia bill payment outlets and a brokerage office. >>
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