Legal basis:

Article 17 section 1 of Market Abuse Regulation


Content of the report:

Referring to the report No. 1/2021 dated 15 January 2021 the Management Board of PKO Bank Polski S.A. (the “Bank”) informs that it adopted resolution pursuant to which – within the scope of its corporate powers – will follow the recommendation of the Polish Financial Supervision Authority ("PFSA").

The PFSA recommended:

  1. the suspension of dividend payout in the first half of 2021 (including undistributed profit from previous years),
  2. not to take, in the first half of 2021, without prior consultation with the supervisory authority, any other activities beyond the scope of ordinary business and operational activities, which may result in a reduction of the capital base, including buybacks of own shares.

The Bank also informs that pursuant to the Article 395 § 2 point 2 of the Commercial Companies Code, the decision on the distribution of profit remains within the competence of the Bank’s Annual General Meeting.