Powszechna Kasa Oszczędności Bank Polski

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PKO Bank Polski
Traded as WSEPKO
Industry Financial services
Founded 1948
Headquarters Warsaw, Poland
Products Retail, commercial and private banking
PLN 7.029 billion (2015)
Total assets PLN 285.6 billion (2016)
Number of employees
29 220 (FTE, 2015)
Website www.pkobp.pl

Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna (also known as PKO Bank Polski, PKO BP) is Poland's largest bank. It provides services to individual and business clients. The core business activity of PKO Bank Polski is retail banking. The full name Powszechna Kasa Oszczędności roughly means "General Savings Bank," and Bank Polski means "Polish Bank." Popularly only the acronym is used.

Today (as at the end of 2015) PKO Bank Polski employs around 29,000 people and has a full-year net profit of over 7 billion PLN (more than 2 billion US dollars). Its assets are worth more than 266 billion PLN (around 63 billion US dollars). Bank was ranked 510 in the Forbes Global 2000 for year 2010.[1] The bank is also present outside Poland, notably in Ukraine after the acquisition of KredoBank (Кредобанк)). The company is headquartered in central Warsaw.

Because of its size and position as one of the first banks, PKO Bank Polski is still one of the best recognized and most valuable brands in Poland. Specialists from The Banker magazine estimated the value of Bank's brand at US$1 billion and in Rzeczpospolita "Polish Brands 2010" ranking its value was set at PLN 3.6 billion.[2] In the 2011 edition of ranking "The BrandFinance® Banking 500" prepared by the British firm Brand Finance, which includes the most valuable bank brands in the world, PKO Bank Polski brand was valued at US$1.480 billion. It gives PKO Bank Polski the 1st place in Poland and Central and Eastern Europe and 114th place in the world.[3]

Warsaw headquarters

Although floated on the Warsaw Stock Exchange, as of May 2011 the state still directly and indirectly holds 51.24% of shares (40.99% belong to State Treasury and 10.25% to state-owned Bank Gospodarstwa Krajowego).[4] However, the state shareholders informed recently that they intent to sell some of their shares. As Polish Minister of State Treasury Aleksander Grad said, Bank Gospodarstwa Krajowego will sell 10% and the Treasury Ministry will sell more shares according to market demand. Total government stake in PKO Bank Polski after this transaction is to fall to as low as 25%.[5]

After the sale of the PKO BP shares on the stock market the only state-owned bank in Poland is Bank Gospodarstwa Krajowego (outside the central bank).[6]

Financial data[edit]

PKO Bank Polski in Kraków
Year Net profit[7]
(in billion PLN)
(in billion PLN)
2016 2.874 285.6
2015 2.609 266.93
2014 3.079 243.8
2013 3.234 196.3
2012 3.738 193.2
2011 3.807 190.7
2010 3.311 167.2
2009 2.432 153.7
2008 2.881 131.2
2007 2.720 105.3
2006 2.047 99.8
2005 1.676 90.3
2004 1.872 85.1
2003 1.228 84.4
2002 1.051 82.0

Capital Group[edit]

PKO Bank Polski is the leader of the Capital Group. In addition to the parent, the group structure includes wholly owned and majority-owned subsidiaries and associates. These pursue their own business objectives whilst supporting the Bank's sales objectives and acting as its service providers. The subsidiary companies also complement the Bank's offer with such services as leasing, settlement of electronic card transactions, factoring and investment fund management.[9]

Companies in PKO Bank Polski Capital Group - Direct subsidiaries:

  • PKO Towarzystwo Funduszy Inwestycyjnych SA (investment fund management, Warsaw)
  • PKO BP Bankowy Powszechne Towarzystwo Emerytalne SA (pension fund management, Warsaw)
  • PKO Leasing SA (leasing services, Łódź)
  • Kredobank S.A. (financial services, Lviv Ukraine)
  • Inter-Risk Ukraina Sp. z o.o. (debt collection services, Kiev, Ukraine)
  • Finansowa Kompania "Prywatne Inwestycje" Sp. z o.o. (factoring, Kiev, Ukraine)
  • PKO Życie Towarzystwo Ubezpieczeń SA (insurance services, Warsaw)
  • PKO Finance AB (financial services, Stockholm, Sweden)
  • Bankowe Towarzystwo Kapitałowe SA (services, Warsaw)
  • PKO BP Finat Sp. z o.o. (intermediary financial services, Warsaw)
  • Qualia Development Sp. z o.o. 3 (real estate development, Warsaw)
  • Centrum Haffnera Sp. z o.o. (property management subsidiaries, Sopot)
  • Merkury – fiz an (invest the funds collected from participants in the fund, Warsaw)


External links[edit]