Name Symbol Market Type
Bank Pekao Regs LSE:BPKD London Depository Receipt
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  0.00 0.0% 28.00 0.00 0.00 0.00 0.00 0.00 0 01:00:00

Bank Pekao S.A. PFSA letter reg. retention of entire profit earned

26/03/2020 3:54pm

UK Regulatory (RNS & others)

Bank Pekao Regs (LSE:BPKD)
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RNS Number : 7611H

Bank Pekao S.A.

26 March 2020


26.03.2020 - Report 10/2020: The PFSA letter regarding retention of entire profit earned in previous years

Bank Polska Kasa Opieki Spó ka Akcyjna (the "Bank") hereby informs that the Bank received a letter on March 26, 2020 from the Polish Financial Supervision Authority (the "PFSA") dated March 26, 2020 where PFSA pointed that:

1. taking into account current situation related to the state of the epidemic announced in Poland and possible further negative economic consequences of this state, as well as their expected impact on banks, the PFSA expects that banking sector - regardless of any actions already undertaken in this respect - will retain entire profit earned in previous years;

2. the PFSA expects that no other actions are undertaken without agreement with the PFSA, in particular those actions outside of the scope of ongoing business and operating activities, which may result in weakening of capital position.

Legal basis: Art. 17 of (1) MAR - inside information

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March 26, 2020 11:54 ET (15:54 GMT)

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