Financial results
March 9, 2023
PKO Bank Polski summarizes the financial results for 2022
The net profit of the PKO Bank Polski group in 2022 amounted to over PLN 3,3 billion, and the profitability measured by return on equity (ROE) reached the level of 9.7 percent.
In the year burdened with the effects of the war in Ukraine and increased inflation, extraordinary items had a key impact on the financial results of PKO Bank Polski.
In a complicated external environment, the Group increased the scale of its operations. Its assets amounted to PLN 431 billion, the number of customers increased to 11,7 million, and the increase in income from core activities amounted to 17,5 percent.
The bank showed high cost effectiveness. The reported cost-to-income ratio (C/I) amounted to 45,3 percent.
In 2022, the Bank continued its digital transformation by introducing new functions in the IKO banking mobile app and dynamically increasing the share of remote channels and bots in customer service. The number of active IKO applications at the end of 2022 reached the level of 7,2 million.