The PKO Bank Polski Capital Group generated record profits. The quarterly net result approximated PLN 1.3 billion, almost 77% more compared to the result a year before. Dynamic growth in the client financing made the assets of the PKO BP Group exceed the level of PLN 400 billion. The Company has retained profitability measured with ROE on the level of 12.1% thanks to the increase in income from primary activity, maintaining cost control in the conditions of inflation pressure and quarterly cost of risk on a level foreseen in the Bank’s strategy. PKO Bank Polski is continuing digitization and building long-term relations with clients based on the omni-channel service model. The share of digital channels in the sale of consumer loans is 76%, while IKO mobile app has been activated 6 million times.
After the three quarters of 2021, the capital group of PKO Bank Polski worked out almost PLN 3.7 billion net profit, while its assets exceeded PLN 400 billion. This means that we have stable foundations and strong competitive edges. However, observing the dynamics of change in the external environment, we intend to intensify our activities aimed at the ever-growing development of the capital group, thus meeting the expectations of all stakeholders. PKO Bank Polski is the guarantor of financial stability for millions of Poles and one of the drivers of the national economy. Therefore, we are soon commencing work on the new strategy of PKO Bank Polski, which will take into account experiences caused by the global pandemic and new challenges that the financial market is facing,”
says Iwona Duda, Vice-President of the Management Board of PKO Bank Polski, managing the work of the Board.
The Bank’s high equity surplus estimated at PLN 16 billion, high profitability and the process of concluding settlements on foreign currency mortgage loans foster conditions that allow for expecting payment of dividend in the years to come,”
said Iwona Duda, Vice-President of the Management Board of PKO Bank Polski, managing the work of the Board.
PKO Bank Polski is the indisputable leader at the Polish banking sector; the value of its assets amounts to PLN 403.5 billion. In the first three quarters of 2021, it generated almost PLN 3.7 billion of net profit. The Bank services 11 million retail clients. It is the basic supplier of financial services for all segments of clients, having highest shares in the market of savings (17.8%), credit (17.5%) and the market of investment funds of natural persons (19.7%). Thanks to the development of digital tools, including IKO, which has been activated 6 million of times, PKO Bank Polski has become the most mobile bank in Poland. The Company reinforces its foreign presence via corporate branches operating in Germany, Czech Republic and Slovakia and via KredoBank operating in Ukraine.