Report No. 6/2020

Legal basis:

Article 17.1 MAR Regulation

Contents of the Report:

The Management Board of Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna („the Bank”) informs that on 9 March 2020 it received the position of Polish Financial Supervision Authority („PFSA”) regarding the individual recommendation to increase the own funds of the Bank by retaining at least 50% of the net profit for the period from 1 January to 31 December 2019.

PFSA also confirmed that the Bank fulfils the criteria for the payment of dividend up to 50% of the net profit for 2019.

PFSA expects submission of the position of the Bank’s Management Board and the Supervisory Board, regarding the received recommendation.