15th Jul 2005 15:29
Provident Financial PLC15 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. Today, 15 July2005, the bill completed its passage through the upper house of the Polishparliament. The next stage is a review by the President of Poland which musttake place within 21 days of the bill being delivered to the President. ThePresident has the power to approve the bill, to veto it or to send it forfurther review by a constitutional tribunal. If it is finally approved, theprovisions of the proposal would come into effect six months later. As we have said previously, if the bill were to pass into law, we would amendour offer to comply with the new regulations and have made preparations forthis. We remain confident of a successful and profitable future for our Polishbusiness. 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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