The State Treasury has control over the parent entity of the Group as it holds a 40.99% interest in the Bank’s share capital. The Bank’s shareholding structure is described in detail in Note 1 ‘General Information’ to these financial statements.
Receivables, securities and liabilities arising from transactions conducted with the State Treasury and other state budgetary agencies are disclosed in the Group’s statement of financial position.
In accordance with the 30 November 1995 Act in relation to State support in the repayment of certain housing loans, reimbursement of guarantee premium paid and amendments of several acts (Journal of Laws, 2003, No. 119, item 1115 with subsequent amendments) PKO Bank Polski SA receives payments from the State budget in respect of interest receivable on housing loans.