Report No. 19/2023

Legal basis:

Article 17.1 MAR Regulation

the Report:

The Management Board of PKO Bank Polski S.A. (“Bank”) informs that the preliminary, unaudited  costs of legal risk connected with indexed and denominated CHF mortgage loans recognized in 2^nd quarter 2023 amounted to PLN 2.5 billion. The estimation was driven by updating the parameters of the legal risk assessment model for this kind of loans, taking into account inter alia the forecasted impact of the judgment of the Court of Justice of the European Union of 15 June 2023 in case C-520/21 on the future jurisprudence of Polish courts and on changes in the probable behaviour of clients.