PKO BANK POLSKI S.A. Legal basis:
Art. 56 section 5 of the Act of 29 July 2005 on the Public Offering, the Conditions Governing the Introduction of Financial Instruments to Organised Trading, and on Public Companies in connection with Article 154 of the Act on Trading in Financial Instruments of 29 July 2005
Content of the report:
With reference to Current Report No. 26/2016 of 12 May 2016 the PKO Bank Polski S.A. (the 'Bank') Management Board explains that the ratios quoted in this report of additional capital to cover the risk from foreign currency mortgage loans to households in terms of the Bank Group, which have been communicated to the Bank, do not stem from a reduction in the risk level of the foreign currency mortgage loans portfolio but from referring this level to Bank Group risk-weighted assets. Following this, additional capital requirement ratios established for the consolidated level diverged from those for the individual level.
Additionally, it should be further mentioned that the Bank meets the eligibility criteria for the dividend disbursement amounting to 50% of the profit generated by the Bank for 2015. The Bank will also apply the Polish Financial Supervision Authority recommendations as communicated in its Current Report No. 28/2016 of 18 May 2016.
PKO Bank Polski SA published this content on 23 May 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 23 May 2016 12:28:05 UTC.
Original documenthttp://www.pkobp.pl/pkobppl-en/investor-relations/current-reports/current-report-no-292016-supplement-to-the-polish-financial-supervisory-authority-recommendation-concerning-the-distribution-of-pko-bank-polski-sa-net-profit-for-the-year-2015/
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