About the Bank

The PKO Bank Polski SA Group is among the largest financial institutions in Poland and PKO Bank Polski SA, the parent company of the Group, is the largest commercial bank in Poland.

1919-1938 - Pocztowa Kasa Oszczędności was established through a decree signed by the Head of the State Józef Piłsudski, prime minister Ignacy Paderewski and Hubert Linde - founder and the first president.

In 2013, Polish banking sector maintained strict cost control over administrative expenses, including i.a. maintaining by banks a selective approach towards the development of the branch network and an intensive growth of internet and mobile banking.

After reaching a cyclical ‘low point’ in the first quarter of 2013 (GDP growth by 0.5% y/y) and a slight acceleration in the second quarter (to 0.8% y/y), as expected, in the second half of the year, the economy entered the path of recovery.

As at 31 December 2013, the PKO Bank Polski SA Group consisted of the Bank (the parent company) and 32 direct and indirect subsidiaries.

Sponsorship activities realised in 2013 were aimed at building the image of PKO Bank Polski SA as a reliable financial institution, open to the needs and expectations of its clients, engaged in the development of the country and local communities.

Charity activities play an important role in forming image of PKO Bank Polski SA as an institution that notices the significance of corporate social responsibility.

In 2013, promotional activities of the PKO Bank Polski SA’s subsidiaries were mainly aimed at promoting products and services offered by the Companies.

In 2013, PKO Bank Polski SA and other entities of the PKO Bank Polski SA Group have been granted numerous prizes and awards.

PKO Bank Polski SA applies the rules for corporate governance introduced in the form of a document ‘Good Practices of Warsaw Stock Exchange Companies’ approved by the Supervisory Board of the Warsaw Stock Exchange SA on 4 July 2007 (the Resolution No.12/1170/2007) with subsequent amendments.

At the end of 2013, guarantees and other financial off-balance sheet liabilities granted with respect to related parties of the PKO Bank Polski SA amounted to PLN 1 699.1 million and decreased by PLN 310.2 million as compared to the end of 2012.

PKO Bank Polski SA has a remuneration and incentive system, in which the level of variable component of the salary is determined by the degree of achievement of the targets set.