Legal basis:
Article 17.1 MAR Regulation
Contents of the Report:
The Management Board of PKO Bank Polski S.A. ("Bank") informs that on 19 July 2021 it received an individual recommendation of the Polish Financial Supervision Authority ("KNF"), in which the KNF recommends the Bank to limit the risk inherent in the Bank's operations by not taking other actions without prior consultation with the supervisory authority in particular, those that are beyond the scope of current business and operating activities, which may result in a reduction in the capital base, including possible dividend payments from retained earnings from previous years (i.e. from 2019 and earlier) and buy-back of own shares.