Report No. 25/2020

01.06.2020 17:31
Update of information on the influence of coronavirus spread and the MPC decisions on the activities of the PKO Bank Polski S.A. Capital Group

Legal basis:

Article 17. 1 of the MAR Regulation

The Report:

The Management Board of PKO Bank Polski S.A. ("Bank") hereby updates the information on the impact of the Monetary Policy Council decisions on the operations of the Bank and the Capital Group ("Group"), last updated in report No. 19/2020.

The Bank estimates that the impact of the 1.40 pp total reduction of interest rates of the National Bank of Poland, changes in the required reserve and some decisions of other monetary and supervisory institutions on the net profit of the Group in 2020 will be from 850 to 900 million PLN and will materialize in the second half of the year. The actual impact will depend on the shape of the yield curve and the implementation of business assumptions.

The above estimates and assumptions may be subject to change.

Contact for Investors

Dariusz Choryło

Director of Investor Relations
dariusz.chorylo@pkobp.pl

Investor Relations Department
ir@pkobp.pl