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The comments contained herein do not constitute an investment or financial analysis or any other general recommendation on transactions with financial instruments referred to in article 69 clause 4(6) of the Trading in Financial Instruments Act of July 29, 2005. The comments do not constitute investment recommendation. They do not constitute a recommendation in the meaning of the Ordinance of the Ministry of Finance of October 19, 2005 on information constituting recommendations on financial instruments or their issuers. Furthermore, the commentaries do not constitute “information recommending or suggesting investment strategy” or “investment recommendations” within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse. Customers are fully accountable for the results of their investment decisions made on the basis of information contained herein. Past investment returns earned with the use of materials prepared by the bank are no guarantee of future profits.
The author of the comments certifies that the information contained therein reflects his/her own opinion only and that he/she did not receive any compensation from issuers directly or indirectly, for providing these comments.
This material reflects the opinions and knowledge of its author as of the day on which it was prepared.
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