One of the prerequisites of a bank's lending activity in relations with businesses is fast and comprehensive information on the financial condition of borrowers. In this context the author provides a negative evaluation of changes introduced in the statistical reporting system on 1 January 1999.

While up to end-1998 commonly known F-01 reporting form, comprising basic information on the economic and financial conditions of a company, was prepared on a monthly basis, since 1 January 1999 it is compiled quarterly.

From a bank's (and not only) point of view, the change is unfavorable. It means that at present a bank is provided with information on a borrower's financial condition with much less frequency, which may, consequently, lead to erroneous and delayed decisions.

Therefore, the author suggests to reintroduce monthly frequency for the above report. Moreover, the article includes suggestions of quite important changes in the current contents of F-01 report taking into account, among others, banks' needs.