REG - Bank Pekao SA - Fulfilment criteria for payment of 100% dividend

Bank Polska Kasa Opieki SAAnnouncement

25/02/2022 07:00

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RNS Number : 7821C  Bank Pekao S.A.  24 February 2022

UNOFFICIAL TRANSLATION

24.02.2022 - Report 4/2022: Letter from the Polish Financial Supervision
Authority regarding the fulfilment of the criteria for the payment of dividend
up to 100% from the net profit generated in 2021

Bank Polska Kasa Opieki S.A. (the "Bank") hereby informs that the Bank on
February 24, 2022 received an individual recommendation of the Polish
Financial Supervision Authority (the "PFSA") regarding the Bank's dividend
policy.

As at December 31, 2021, in terms of the basic criteria set out in the PFSA's
position of December 9, 2021 on the dividend policy of commercial banks for
2022, Bank met the requirements qualifying for the payment of dividend up to
100% from the Bank's profit generated in the period from January 1, 2021 to
December 31, 2021.

In addition, the PFSA recommended the Bank not to take other actions, in
particular those outside the scope of current business and operating
activities, which could result in a reduction of the own funds, including
possible dividend payments from undistributed profit from previous years (i.e.
from 2020 and previous years) and share buybacks, without prior consultation
with the supervisory authority.

The Management Board of the Bank has not yet made a decision on the proposed
profit distribution for 2021.

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

 

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