Bumar Sp. z o.o. introduces a centralized system of managing exchange rate risk in the entire Bumar Group.

At the 4 May 2010 session, the management of Bumar Sp. z o.o. discussed a report concerning the introduction of a centralized system of managing exchange rate risk in the Bumar Group. The system of risk managing covered all companies dependent on Bumar Sp. z o.o.

The aim of the introduced system is securing exchange rate risk arising in dependent companies in relation to the execution of trade transactions connected with export or import of materials or services executed by entities belonging to the Bumar Group. The system of managing exchange rate risk adopted by the Bumar Group assumes securing exchange rate risk in companies dependent on Bumar Sp. z o.o. within limits granted to the mother company by banks.

The introduction of a centralized system of managing risk in the Bumar Group will allow the companies to achieve the expected margin the executed contracts, in which incomes and outcomes are expressed in foreign currencies and will influence the stability of these entities.