The Romanian branch of PKO Bank Polski has signed a syndicated financing agreement with Distributie Energie Oltenia, one of the four largest power distribution system operators in Romania. This is the first transaction of the new foreign branch, which started operating on 1 January this year.
· For the PKO Bank Polski Group, 2024 was a period of very dynamic growth and development, publication of the new strategy for 2025-2027 ‘Number 1 and Full Stop’, and, above all, following the needs of its clients. · The Group systematically increased its scale of operations and market share in the retail and corporate areas. Its assets increased to 525 billion PLN and the number of bank clients increased to 12.1 million. Financing granted to clients increased by 9.6 percent to 294 billion PLN, and savings obtained increased by 11.4 percent, reaching 604 billion PLN. · The bank recorded a significant acceleration in the area of corporate loans in the fourth quarter and continued double-digit growth in retail loans. The market share in the area of consumer loans increased to 19.41 percent and in the area of mortgage loans to almost 26 percent. · The bank achieved a 19.6 percent increase in income from core activities and demonstrated high cost efficiency. The cost-to-income ratio (C/I) reached an all-time high of 29.5 percent. The Group's net profit exceeded PLN 9.3 billion and profitability measured by return on equity (ROE) reached 19.2 percent. In 2024, PKO Bank Polski advanced to the TOP 3 most recommended Polish banks in the NPS ranking. The bank's services are recommended by both individual clients and clients from the enterprise and corporate segment. · The company's market capitalisation amounted to PLN 74.7 billion at the end of 2024, which means an annual increase of about 19 percent.
‘Cash Empire Tycoon’ is an educational game by PKO Bank Polski created in Fortnite. The game focuses on strategy. There is no violence in the form of eliminating other players. Players earn funds, manage their budget and build a base. The season will last 2 months. The PKO Bank Polski map is available at pkobp.pl/o-mapie. It can also be found directly in Fortnite by searching for PKO, Cash Empire Tycoon or the game code 0752-2353-9132.
On 1 January, the corporate branch of PKO Bank Polski in Bucharest began its operational activities. This branch was established primarily to support Polish companies operating in the Romanian market, but will also be fully open to financing local companies in this market. The launch of operations in Romania is part of the implementation of PKO Bank Polski's foreign expansion strategy for 2025-2027.
PKO Bank Polski has signed an agreement with VSB Poland, a subsidiary of the international VSB Group, with legal support from Dentons, to finance an investment in the Raciborz onshore wind park with a capacity of 41.6 MW.
• PKO Bank Polski, the largest bank in Poland, increased its total assets to PLN 512 billion (+8.2% year-on-year) and the number of customers to 12.1 million at the end of September 2024. • The PKO Bank Polski Capital Group reports another good quarter of business and financial results. At the end of September 2024, the Group generated PLN 6.9 billion in consolidated net profit. This is over PLN 2 billion (+42.2%) more than in the same period of the previous year. Excluding non-recurring events in the form of provisions for legal risk on CHF loans and the effect of loan holidays, the net result after three quarters of this year would amount to over PLN 10 billion. • Net profit rose thanks to a 21.5% year-on-year increase in profit from core business activities. This effect was driven by, among other things: -good credit dynamics in the retail segment, -growth in net fee and commission income (thanks to high transaction activity in insurance, Brokerage, and TFI, which exceeded PLN 50 billion in assets under management), -cost discipline (thanks to which the C/I ratio decreased to 29.7%). • The Bank expanded its innovative product offering with the Digital Mortgage - the first fully digital mortgage process in Poland. One of the first customers obtained a credit decision within one hour. • In the corporate business, the Bank is preparing for a wave of investments in 2025 and 2026. • PKO Bank Polski in November 2024 will celebrate the 20th anniversary of its listing on the Warsaw Stock Exchange. It is currently the undisputed number 1 listed company with a capitalisation of PLN 74 billion*.
