1. General information on the Group and the Bank

Business activities of the Group and the Bank

Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna (‘PKO Bank Polski’ SA or ‘The Bank’) was established in 1919 as Pocztowa Kasa Oszczędnościowa. In 1950 it started operations as the Powszechna Kasa Oszczędności State-owned bank. Pursuant to the Decree of the Council of Ministers dated 18 January 2000 (Journal of Laws No. 5, item 55 with subsequent amendments) Powszechna Kasa Oszczędności (a State-owned bank) was transformed into a State-owned joint-stock company, Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna with its Head Office in Warsaw, Puławska 15 Street, 02-515 Warsaw, Poland.

On 12 April 2000 Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna was registered and entered into the Register of Companies by the District Court for the capital city of Warsaw, Commercial Court XVI Registration Department. At present, the appropriate court is the District Court for the capital city of Warsaw, XIII Economic Department of the National Court Register. The Bank was registered under entry No. KRS 0000026438 and was granted a statistical REGON No. 016298263.

According to the Warsaw Stock Exchange Bulletin (Ceduła Giełdowa), the Bank is classified under the macro-sector ‘Finance’, sector ‘Banks’.

The Powszechna Kasa Oszczędnościowa Bank Polski Spółka Akcyjna Group (‘PKO Bank Polski SA Group’, ‘the Bank’s Group’, ‘the Group’) conducts its operations within the territory of the Republic of Poland and through subsidiaries: in the territory of Ukraine, Sweden and Ireland, and – as of 7 December 2015 as a Branch in the Federal Republic of Germany (‘the Branch in Germany’).

PKO Bank Polski SA as the parent company is a universal deposit and credit bank which services individuals, legal entities and other entities, both Polish and foreign. The Bank may hold foreign exchange and foreign currencies and trade in those currencies, as well as conduct foreign exchange and foreign currency transactions, and open and close bank accounts in banks abroad, as well as deposit foreign exchange funds in those accounts.

The Group offers mortgage loans, provides financial services related to leases, factoring, investment funds, pension funds, insurance and debt collection services, transfer agent services, IT outsourcing and business outsourcing services, conducts development and real estate management operations.

Composition of the Group and the scope of operations of its entities are presented in the note ‘Structure of the PKO Bank Polski SA Group and the scope of activities of the Group entities’.

Information on members of the Supervisory and Management Board of the Bank

As at 31 December 2016, the Bank’s Supervisory Board consisted of:

  • Piotr Sadownik – Chairman of the Supervisory Board
  • Grażyna CiurzyńskaDeputy – Chairman of the Supervisory Board
  • Zbigniew Hajłasz – Secretary of the Supervisory Board
  • Mirosław Barszcz – Member of the Supervisory Board
  • Adam Budnikowski – Member of the Supervisory Board
  • Wojciech Jasiński – Member of the Supervisory Board
  • Andrzej Kisielewicz – Member of the Supervisory Board
  • Elżbieta Mączyńska – ZiemackaMember of the Supervisory Board
  • Janusz Ostaszewski – Member of the Supervisory Board

On 25 February 2016 the Extraordinary General Shareholders’ Meeting of the Bank dismissed from the Supervisory Board of the Bank: Jerzy Góra, Mirosław Czekaj, Piotr Marczak, Marek Mroczkowski, Krzysztof Kilian and Zofia Dzik, and appointed: Mirosław Barszcz, Adam Budnikowski, Wojciech Jasiński,

Andrzej Kisielewicz, Janusz Ostaszewski, Piotr Sadownik and Agnieszka Winnik – Kalemba as members of the Supervisory Board of the Bank.

On 30 June 2016 the Ordinary General Shareholders’ Meeting of the Bank dismissed from the Supervisory Board of the Bank Agnieszka Winnik–Kalemba and Małgorzata Dec–Kruczkowska and appointed Grażyna Ciurzyńska and Zbigniew Hajłasz as members of the Supervisory Board of the Bank.

As at 31 December 2016, the Bank's Management Board consisted of:

  • Zbigniew Jagiełło – President of the Management Board
  • Janusz DerdaVice – President of the Management Board, from the 1 December 2016
  • Bartosz Drabikowski – Vice -President of the Management Board
  • Maks Kraczkowski – Vice-President of the Management Board, from the 4 July 2016
  • Mieczysław Król – Vice-President of the Management Board, from the 2 June 2016
  • Piotr Mazur – Vice-President of the Management Board
  • Jakub Papierski – Vice-President of the Management Board
  • Jan Emeryk Rościszewski – Vice-President of the Management Board, from the 18 July 2016

In 2016, the following persons resigned from the Management Board: Jacek Obłękowski, Jarosław Myjak and Piotr Alicki.