05/26/20

The Management Board of PKO Bank Polski appointed for a new term


The Board of Supervisors of PKO Bank Polski has unequivocally appointed the Management Board of the Bank for another three-year joint term, starting July 3rd 2020.

The Board of Supervisors has unequivocally appointed Zbigniew Jagiełło as the President of the Management Board and Rafał Antczak, Rafał Kozłowski, Maks Kraczkowki, Mieczysław Król, Adam Marciniak, Piotr Mazur, Jakub Papierski and Jan Emeryk Rościszewski as Vice Presidents.Under supervision of the present Management Board, PKO Bank Polski has achieved - two years ahead of the schedule - the financial objectives of the 2016-2020 strategy “We Support the Growth of Poland and the Poles” and has prepared and launched implementation of the next strategy “PKO Banking Platform”.

During the current term the Management Board, which started on July 2nd 2017, PKO Bank Polski quickly increased its business scale, generating the highest profits in the entire banking sector. PKO Bank Polski also got prepared in advance for the present, more difficult economic conditions. The high level of resilience of the Bank to negative macroeconomic scenarios were confirmed by results of European stress tests in 2018, showing that PKO Bank Polski was the most secure bank in Poland.

One of the main strategic objectives of the Bank is digital transformation. One of the components of this strategy is development of the IKO mobile app, which has been recognized by users as the best banking mobile application in the world two years in a row. The most significant tasks related to digital transformation, successfully implemented by the Bank, include increasing use of cloud-based data processing. PKO Bank Polski is the originator and co-founder of the National Cloud Operator, which started to operate in 2019 and soon entered into a strategic partnership with Google and Microsoft.

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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.


Szymon Pinderak