8th Jul 2005 07:00
Provident Financial PLC08 July 2005 Proposal for the introduction of an interest rate ceiling in Poland As we have previously announced, a bill seeking to introduce an interest rateceiling was brought before the Polish parliament in June 2004. On 7 July 2005,the bill completed its passage through the lower house of the Polish parliamentdespite being opposed by the minority Polish government and the National Bank ofPoland. The bill will now be subject to further review by the Polish upperhouse. It remains uncertain as to whether or not the bill will pass into law. Together with other financial institutions we continue to strongly oppose thebill which if passed into law would harm the interests of Polish consumers. If the bill were to pass into law, we would need to amend our offer to complywith the new regulations and have made preparations for this. There may be someadditional cost and a little disruption in the short term, but we remainconfident of a successful and profitable future for our Polish business. Enquiries: Media David Stevenson 01274 731111Investor Relations Rachel Brown 01274 731111 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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