Legal basis:
Article 17.1 MAR Regulation
the Report:
The Management Board of PKO Bank Polski S.A. (“Bank”) informs that on 7 November 2022 it received a decision from the Polish Financial Supervision Authority (“PFSA”) in which the PFSA declared the expiration of the decision on the recommendation to the Bank to comply with the additional capital requirement imposed on the Bank, i.e. in addition to the amount calculated in accordance with the appropriate legal provisions.
Based on the Banking Law, the PFSA’s decision is final and enters into force immediately.
Before receiving the decision, the Bank was obliged by the PFSA to maintain own funds for the coverage of the additional capital requirement related to the risk of the foreign currency mortgage loans for households at the level of 0.12 p.p., consisting of at least 75% of Tier 1 capital (equivalent to 0.09 p.p.). The Bank provided this information in the Report No. 41/2021.