Powszechna Kasa Oszczędności Bank Polski S.A.: Rekomendacja Zarządu ws. podziału zysku (2017-04-13)

Report No. 12/2017 – Profit earned by PKO Bank Polski S.A. in the year 2016 - recommendation on distribution
Legal basis:
Article 17(1) of the MAR
Content of the Report:
The Management Board of PKO Bank Polski S.A. (the “Bank”) announces that on 13 April 2017 it adopted a resolution and decided to submit a recommendation to the Annual General Meeting of the Bank on distribution of the profit earned by the Bank in the period from 1 January 2016 till 31 December 2016 in the amount of PLN 2,888,300 k pointing its appropriation for:
1) supplementary capital in an amount of PLN 2,850,000 k
2) reserve capital in an amount of PLN 38,300 k.
The Management Board’s recommendation concerning the distribution of Bank’s profit for 2016 year has obtained a positive opinion from the Bank’s Supervisory Board.

The decision on the recommended distribution of the profit for 2016 is comprehensive with the Bank’s Management Board and Supervisory Board decision on going by the individual recommendation of the Polish Financial Supervision Authority (“PFSA”) to retain the whole net profit earned by the Bank in the year 2016. About the recommendation of the PFSA the Bank informed in the report No. 4/2017.