In the first half of 2021, the Capital Group of PKO Bank Polski generated over PLN 2.4 billion of net profit. This is the highest result in the Bank's 100-year history and the historically highest profit in the entire Polish banking sector. The excellent results translated to the increase in profitability measured by return on equity. It is supported by cost discipline and increase in the scale of operation, including development of new business lines, among others sale of insurance. Simultaneously, the Bank remains resilient to negative macro-economic scenarios, which was confirmed by the results of European stress tests. The Bank wishes to develop in a more sustainable way and that is why it incorporated the ESG indices into the non-financial goals.
In the first half-year of 2021, the Capital Group of PKO Bank Polski worked out the highest profit in over 100 years of its history. It reached PLN 2.4 billion and was much higher than before the pandemic. Recovery of the result after the difficult period of 2020 was supported by a growth in the scale of operation and development of new business lines, combined with a responsible approach to risk. In the next quarters, we would like to solidify our competitive advantages, among others continue the model of international expansion which has been pursued for a couple of years. We also would like to continue to generate the best results for our shareholders, but additionally we will be searching for opportunities to make our development even more sustainable. In this respect, we will be assisted by the meeting of the ESG commitments which we incorporated into our non-financial goals,”
said Jan Emeryk Rościszewski, Vice-resident of the Management Board of PKO Bank Polski, managing the work of the Management Board.
PKO Bank Polski is the undisputed leader of the Polish banking sector, and the value of its assets is nearly PLN 393 billion. In the first half of 2021, it generated PLN 2.4 billion of net profit. The company serves 11 million retail customers. It is the primary provider of financial services for all customer segments, achieving the highest market shares in savings (18.1%), loans (17.4%), in the mortgage market (around 20%) and in the market of private individuals' mutual funds ( 19.4 percent). Thanks to the development of digital tools, including the IKO application, which already has over 5.7 million active applications, PKO Bank Polski is the most mobile bank in Poland. The company strengthens its foreign presence through corporate branches operating in Germany, the Czech Republic and Slovakia, and through KredoBank operating in Ukraine.