PKO BP Bankowy Otwarty Fundusz Emerytalny (PKO BP Bankowy Open Pension Fund - OFE) and PKO Dobrowolny Fundusz Emerytalny (PKO Voluntary Pension Fund - DFE) are managed by PKO BP BANKOWY Powszechne Towarzystwo Emerytalne Spółka Akcyjna (PKO BP BANKOWY Pension Fund Management Joint-Stock Company - PTE). The Fund Management Company was founded by the two oldest and largest banks in Poland: Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna – the leader in retail banking in Poland, and Bank Handlowy w Warszawie SA – one of the leaders in corporate banking in Poland. The shareholders held equal shares in PTE, 50% each.
Since November 2003, PKO Bank Polski S.A. has been the sole shareholder of the Fund Management Company. The share capital of PKO BP BANKOWY Powszechne Towarzystwo Emerytalne Spółka Akcyjna amounts to PLN 190,580,000.
The largest Polish retail bank existing for over 90 years, PKO Bank Polski was established in 1919 under a decree of Marshal Józef Piłsudski – the Chief of State - as Pocztowa Kasa Oszczędności (Postal Savings Bank - PKO). In 1949, it was renamed as Powszechna Kasa Oszczędności (Universal Savings Bank - PKO). In 1975, it was incorporated into the structures of the National Bank of Poland (NBP). However, after 12 years it became independent again. In 2000, PKO BP was converted into a sole-shareholder Polish Treasury company. Its present name is Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna (Universal Savings Bank Polish Bank Joint-Stock Company – PKO BP SA).
The leader on the Polish banking market for many years, PKO Bank Polski offers its services to all those who would like to make a secure deposit of their savings, take out a loan for any purpose with a convenient repayment plan, or to manage their regular income using modern banking channels.