“The Management Board of PKO Bank Polski SA (…) informs that on February 21, 2024, it received an individual recommendation of the Polish Financial Supervision Authority (…), in which the Polish Financial Supervision Authority confirmed that the Bank meets the requirements for paying a dividend of up to 75% of profit for 2023, with the maximum amount of payment not exceeding the amount of the annual profit less the profit earned in 2023 already included in own funds,” the bank said in a statement.
After three quarters of 2023, the PKO BP Group’s profit exceeded PLN 4.8 billion
As added, the bank included in its own funds the net profit achieved in the first half of 2023 in the amount of PLN 1,624,430 thousand. PLN 283 at the individual level and in the amount of PLN 1,697,253,000. PLN 857 at the consolidated level.
“At the same time, the Polish Financial Supervision Authority recommends that the Bank limit the risk inherent in its activities by not undertaking, without prior consultation with the supervisory authority, other activities, in particular those beyond the scope of current business and operating activities, which may result in a reduction of own funds, including possible payments of dividends from undistributed profit from previous years and repurchases or buybacks of own shares,” it was reported.
The value of PKO BP’s assets is PLN 473 billion. After three quarters of 2023, the PKO BP Group’s profit exceeded PLN 4.8 billion. The company serves 11.9 million customers.
The State Treasury has 29.43 percent. bank shares.
author: Aneta Oksiuta
