Legal basis:
Article 17 section 1 of Market Abuse Regulation
The Report:
The Management Board of PKO Bank Polski S. A. (the “Bank”) informs that on 1 June 2020 Bank’s Supervisory Board adopted a resolution and gave positive opinion on the Bank’s Management Board’s recommendation regarding the distribution of the profit achieved by the Bank in 2019.
In relation to the profit for the financial year ended December 31, 2019, the Bank’s Management Board recommended to allocate PLN 2 155 113 to the reserve capital and to leave as undistributed the amount of PLN 3 832 348 976. The Bank’s Management Board also recommended to leave still undistributed profit from previous years in the amount of PLN 1 667 651 024.
In accordance with Article 395 § 5 point 2 of the Commercial Companies Code, the recommendation will be submitted for consideration by the Bank’s Annual General Meeting approving the financial statements for the financial year ending on the 31 December 2019.