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PKO Bank Polski SA

03/28/2019 | Press release | Distributed by Public on 03/28/2019 10:01

Report No. 5/2019 – Profit earned by PKO Bank Polski S.A. in the year 2018 - recommendation on distribution.

Report No. 5/2019 - Profit earned by PKO Bank Polski S.A. in the year 2018 - recommendation on distribution.

Legal basis:

Article 17 section 1 of Market Abuse Regulation

Content of the Report:

The Management Board of PKO Bank Polski S. A. (the 'Bank') announces that on 28 March 2019 it adopted a resolution and decided to submit a recommendation to the Annual General Meeting of the Bank on distribution of the profit earned by the Bank in the period from 1 January 2018 till 31 December 2018 in the amount of PLN 3 335 302 049 pointing its appropriation for:

  1. dividend for shareholders in an amount of PLN 1 662 500 000,
  2. other reserves in an amount of PLN 5 151 025.

The Bank decided, in relation to the remaining part of the profit in the amount of PLN 1 667 651 024 to be retained. A potential of carrying out dividend payments in next years is the justification for retaining the part of the profit.

The decision on the recommended distribution of the profit for 2018 is compliant with the Bank's commitment to observe the recommendation of the Polish Financial Supervision Authority about which the Bank informed in the report No. 3/2019.