Narodowy Bank Polski

Announcement of the National Bank of Poland

With regard to the statement delivered by the Deputy Minister at the Ministry of the Treasury pertaining to the proceedings before the Commission for Banking Supervision in the matter of granting a permission to exercise voting rights from shares by UniCredito Italiano SpA at the General Assembly of the Shareholders of the Bank BPH S.A., the Press Office of the NBP wishes to announce the following:

Last week, the President of the National Bank of Poland, the Chairman of the Commission for Banking Supervision notified the Ministry of the Treasury that from a legal point of view, the complaint filed by the Polish government with the European Court of Justice against the European Commission's decision on the approval of the merger of the banks UniCredito Italiano SpA and HVB AG, is not a reason for suspending the proceedings before the Commission for Banking Supervision.

The above standpoint was delivered at the meeting of the Committee of the Council of Ministers. Prime Minister Kazimierz Marcinkiewicz and Deputy Prime Minister Zyta Gilowska were forwarded a letter referring to this case by the Chairman of the Commission for Banking Supervision.

In the state governed by the rule of law no minister has a right to speak for another independent organ of the state, in this case for the Commission for Banking Supervision.



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Narodowy Bank Polski
Świętokrzyska 11/21
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Poland

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