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 17 April 2024 the Ordinary General Meeting of the Bank adopted the resolution on the distribution of profit of the Bank. According to the Resolution:
1. The undistributed part of the net profit of Bank for the year 2019 in the amount of PLN 1,685,057,618.28 (in words: one billion six hundred eighty-five million fifty-seven thousand six hundred and eighteen zlotys 28/100) is allocated to dividend.
2. The profit of Bank for 2023 in the amount of PLN 6,718,134,911.22  (in words: six billion seven hundred and eighteen million one hundred and thirty-four thousand nine hundred and eleven zlotys 22/100) is divided as follows:
1) the amount of PLN 1,686,584,359.44 (in words: one billion six hundred eighty-six million five hundred eighty-four thousand three hundred fifty-nine zlotys 44/100) is allocated to reserve capital,
2) the amount of PLN 3,354,367,034.52 (in words: three billion three hundred fifty-four million three hundred sixty-seven thousand thirty-four zlotys 52/100) is allocated to dividend,
3) the remaining part of the profit in the amount of PLN 1,677,183,517.26 (in words: one billion six hundred and seventy-seven million one hundred and eighty-three thousand five hundred and seventeen zlotys 26/100) is left undistributed.
3. The amount of dividend per share is PLN 19.20 (nineteen zlotys 20/100).
4. The dividend date is 24 April 2024.
5. The dividend payment date is 10 May 2024.
Total number of Bank's shares entitled to dividend amounts to 262,470,034.