Indonesian gold miner PT. Archi Indonesia is planning to launch an initial public offering by next June, aiming to sell a 20% stake, the company said on Monday.
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WARSAW, May 11 (Reuters) - Bank Millennium, the Polish unit of Portuguese lender BCP, sees no need to raise capital to cover the costs of potential settlements with clients over Swiss franc loans, the bank’s management said on Tuesday.
The Polish Supreme Court was expected to issue a highly anticipated guidance on FX loans later on Tuesday that might have an impact on the way banks reach settlements with their clients, whose loan repayments ballooned due to franc appreciation against the zloty.
The court’s building has, however, been evacuated due to a bomb threat.
“Our scenario shows that we have a strong capital surplus that allows us to deal with some negative scenarios regarding the court verdicts of the cases we have already in the court and even assuming some additional numbers that would come to the courts in the future,” Millennium’s Chief Financial Officer Fernando Bicho told a press conference.
Indonesian gold miner PT. Archi Indonesia is planning to launch an initial public offering by next June, aiming to sell a 20% stake, the company said on Monday.
Boeing Co announced the retirement of its finance chief for the past decade, Greg Smith, and the crisis-hit jetmaker's shares fell 4% even as it signaled stability by prolonging its chief executive.