The Bank and the capital group of the Bank aim at maintaining own funds at a level ensuring solvency under normal conditions and in an event of extraordinary high losses.

When determining future net profit payout levels, both in the long and short-term, the Bank considers:

• planned development targets (strategic targets) of the Bank as well as of the capital group of the Bank,
• macroeconomic and financial markets conditions in Poland and globally,
• current capital adequacy ratios of the Bank at the individual and consolidated level (both under Pillar 1 and also Pillar 2),
• level of MREL,
• planned or possible changes to legislation that have or could have an impact on capital adequacy,
• recommendation or stances of the KNF with regards to principles of dividend policy,
• investor expectations.

Guidelines regarding distribution of the net profit

In the first place, the Bank's Management Board, when recommending payments from profits, will take into account the recommendations regarding profit distribution of the KNF.

On 14th April 2025, Bank's Management Board adopted a resolution specifying the following guidelines regarding distribution of the Bank's net profit for the years 2025-2027:

• allocation of 50% -75% of the Bank's profit for 2025 to the dividend for 2025,
• allocation of 50% -75% of the Bank's profit for 2026 to the dividend for 2026,
• allocation of 50% -75% of the Bank's profit for 2027 to the dividend for 2027.

Guidelines regarding the distribution of the Bank's profit for the years 2025-2027 received positive opinion from the Bank’s Supervisory Board on 14th April 2025.

Guidelines regarding the distribution of the Bank's profit for the years 2025-2027 may change, and the Management Board may recommend the distribution of profit for a given year during this period that is different than the payout indicated above, in particular depending on:

• recommendations or stance of the KNF regarding the distribution of profit,
• restrictions under the law, in particular the Act on Macroprudential supervision over the financial system and crisis management in the financial system, the act on the Bank Guarantee Fund, deposit guarantee scheme and compulsory restructuring, the Banking Law Act,
• significant change in the growth rate of risk-weighted assets,
• significant deterioration of the macroeconomic and financial markets conditions in Poland or globally,
• introduction of regulations that have or could have a significant impact on the capital adequacy of the Bank or the Capital Group of the Bank,
• imposing additional capital buffers on the Bank.

On 24 April 2025 the Ordinary General Meeting of the Bank adopted the resolution on the distribution of profit of the Bank for the year 2024. According to the Resolution:
1.    the profit of the Bank for the year 2024 in the amount of PLN 6,425,329,177.35 (in words: six billion four hundred twenty-five million three hundred twenty-nine thousand one hundred seventy-seven zlotys and 35/100) is divided as follows:
1)    the amount of PLN 4,818,949,824.24 (in words: four billion eight hundred eighteen million nine hundred forty-nine thousand eight hundred twenty-four zlotys and 24/100) is allocated to dividend,
2)    the amount of PLN 1,606,379,353.11 (in words: one billion six hundred six million three hundred seventy-nine thousand three hundred fifty-three zlotys and 11/100) is allocated to the reserve capital.
2.    the amount of dividend per share is 18.36 (in words: eighteen zlotys and 36/100).
3.    the dividend record date is 7 May 2025.
4.    the dividend payment date is 23 May 2025.
Total number of Bank's shares entitled to dividend amounts to 262,470,034.