Report No. 9/2020
Legal basis:
Article 17 section 1 of Market Abuse Regulation
Content of the report:
Referring to the report No. 6/2020 dated 10 March 2020 the Management Board of PKO Bank Polski S.A. (the “Bank”) informs that the Bank’s Supervisory Board adopted a resolution pursuant to which – within the scope of its corporate powers – it will supervise the exercise of the Polish Financial Supervision Authority (the "PFSA") recommendation (the “Recommendation”).
In the Recommendation the PFSA confirmed that the Bank fulfils the criteria for the payment of dividend up to 50% of the net profit for 2019 and recommended increasing own funds of the Bank by retaining at least 50% of the net profit for the period from 1 January to 31 December 2019.
The Bank also informs that according to the article 395 §2.2 of the commercial companies code the decision on the distribution of profits is within the powers of the Annual General Meeting.
Contact for Investors
Dariusz Choryło
Director of Investor Relations
dariusz.chorylo@pkobp.pl
Investor Relations Department
ir@pkobp.pl