2020-05-27

Legal basis:

Article 17. 1 of the MAR Regulation

 

Report content:

The Management Board of PKO Bank Polski S.A. (the “Bank”) informs that it has adopted a resolution in which it recommends to the Bank’s Annual General Meeting that the entire net profit achieved by the Bank in previous years be retained.

In relation to the profit for the financial year ended December 31, 2019, the Management Board recommends to allocate PLN 2 155 113 to the reserve capital and to leave as undistributed the amount of PLN 3 832 348 976. The Management Board also recommends to retain still undistributed profit from previous years in the amount of PLN 1 667 651 024.

The recommendation to retain the profit achieved by the Bank in previous years is consistent with the expectation of the Polish Financial Supervision Authority presented in the letter of 26 March 2020, about which the Bank informed in the report No. 14/2020.