Legal basis:
Article 17. 1 of the MAR Regulation
The Report:
The Management Board of PKO Bank Polski S.A. ("Bank") informs that on 11 December 2023 it received a letter from the Polish Financial Supervision Authority (PFSA) whereby the PFSA stated that having analysed the current business and financial standing of the Bank and the arguments presented by the Bank, the PFSA does not raised any concerns to the potential payment of dividend (interim dividend) by the Bank in the amount of PLN 1.6 billion or less from the profit earned in the period between 1 January 2022 and 31 December 2022 allocated to the reserve capital in line with resolution No. 7 of the Annual General Meeting of 21 June 2023 with regard to the distribution of profit earned by PKO Bank Polski S.A. in 2022.
The PFSA notes that all decisions affecting the Bank's capital position, including those relating to the distribution of generated profit, should be made taking into account not only the provisions of law and the supervisory authority's positions and guidelines, but also the principles of prudent and stable management of the Bank, and in particular - the need to ensure that the Bank is equipped with own funds to cover all risks occurring in its operations, as well as its further sustainable development.
The dividend payment as well as amount of the payment depend on the final decisions made by the Bank's governing bodies taken as stipulated in the commercial companies code which will be communicated by the Bank in a separate report.