The PKO Bank Polski Group generated a net profit of PLN 647.2 million in the Q1 2015 and the assets exceeded a quarter of a trillion of Polish złoty for the first time in the history of the Polish banking sector. Effectiveness remains high with ROE at 11.5 percent and ROA at 1.3 percent at the end of the Q1 2015. Thanks to the significantly improved portfolio's quality the cost of risk fell to 90 bps, the lowest level in five years. The Bank's results in the first half of this year will not be fully representative because they are penalized by integration costs and adverse market and regulatory factors. The smooth completion of the operational merger with Nordea Bank Poland should positively impact financial results of PKO in the second half of 2015.