The PKO Bank Polski Capital Group ended the third quarter of 2019 once again with very good results. The accumulated net profit amounted to PLN 3.3 billion - 21 percent more than in the preceding year. In the third quarter only, the Bank's consolidated profit amounted to PLN 1.23 billion, which proves that its excellent financial results are reproducible. This has been possible, among other things, thanks to increase in the business scale and improvement of the result from business operations. The value of assets at the end of the quarter amounted to nearly PLN 342 billion, being 11.6 percent higher in comparison with the previous year. The Group also continued to improve its profitability, measured as return on equity. After the third quarter, it was 10.9 percent. In November, PKO Bank Polski will update its 2016-2020 strategy for “We Support the Growth of Poland and the Poles”. Their financial results have been achieved two years in advance.
PKO Bank Polski has continued the digital transformation strategy and systematically achieved improving and reproducible results. The net profit of our group in the third quarter amounted to PLN 1.23 billion, while assets increased to nearly PLN 342 billion. It is thanks to effective business activity and good strategic decisions that we made in the recent years. In the coming weeks, we will present an update to the strategy We Support the Growth of Poland and the Poles, of which the financial results have been achieved two years in advance”
said Zbigniew Jagiełło, the President of the Management Board of PKO Bank Polski.
PKO Bank Polski is the undisputable leader of the Polish banking sector. In first half of 2020, its consolidated net profit amounted to PLN 1,3 bilion (the largest in the Polish banking sector) and the value of assets reached over PLN 377 billion. The Bank is the basic provider of financial services for all customer segments, achieving the highest shares in the deposit market (18.4 percent), loans (17.6 percent), leasing market (11.2 percent) and in the market of investment funds not dedicated (22.2 percent). With over 9.46 million payment cards, the bank is the largest debit and credit card issuer in Poland with a market share of over 21%. Thanks to the development of digital tools, including the IKO application, which has in the end of third quater of 2019 - 4,7 million active applications, PKO Bank Polski has become the most mobile bank in Poland. The Capital Group's companies strengthen the Bank's strong position. The Brokerage House of PKO Bank Polski is a leader in terms of the number and value of IPO and SPO transactions on the capital market.