Bank Pekao

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Bank Pekao SA
Traded as WSEPEO
WIG30 Component
Industry Finance and Insurance
Founded Warsaw, Poland (1929)
Founder Ministry of Treasury
Headquarters Warsaw, Poland
Key people
Michał Krupiński, CEO
Products Financial Services
Total assets PLN 170.5 billion (2017)

Bank Polska Kasa Opieki Spółka Akcyjna, commonly using the shorter name Bank Pekao S.A., is a universal bank and currently the second largest bank in Poland with its headquarters in Warsaw. The Italian bank UniCredit used to own 59% of the company. It sold the bank in December 2016. Now Powszechny Zakład Ubezpieczeń owns 20% of the company, Polish Development Fund 12.80%, UniCredit 6.28% and others 60.94%.

The bank was founded in 1929 by the Ministry of Treasury as a national bank, mainly to provide financial services to Poles living abroad. In 1939 the bank had branches in virtually every capital city of countries where Poles lived.

The full name "Polska Kasa Opieki" may be translated literally as "Polish Bank of Aid," and the popular form "Pekao" sounds out the acronym "PKO."

List of Bank Pekao CEOs:

See also[edit]

External links[edit]

Media related to Pekao at Wikimedia Commons