Legal basis:

Article 17.1 MAR Regulation – confidential information


The report:

The Management Board of PKO Bank Polski S.A. (the “Bank”) hereby informs that in the course of administrative proceedings conducted by the Polish Financial Supervision Authority (PFSA), on 21 September 2022, the Bank received a letter, in which the PFSA asks the Financial Stability Committee (FSC) to express its opinion regarding a change of the amount of the other systemically important institution (O-SII) buffer imposed on the Bank.

Pursuant to the PFSA's decision of 31 July 2018, the Bank is currently required to maintain the O-SII buffer in the amount equivalent to 1% of the total risk exposure amount calculated in accordance with Art. art. 92 par. 3 of the Regulation of the European Parliament and of the Council (EU) No. 575/2013 of 26 June 2013 on prudential requirements for credit institutions and investment firms, amending Regulation (EU) No. 648/2012 ("CRR").

As part of the review of the adequacy of the O-SII buffer, carried out by the PFSA, the PFSA indicated that the assessment of systemic importance of the Bank is the basis to impose on the Bank the O-SII buffer in the amount equivalent to 2% of the total risk exposure, instead of the current buffer of 1%. A final decision will be taken by the PFSA after obtaining the FSC's position.

The Bank will inform in a separate report about the completion of the proceedings and decision regarding the O-SII buffer.