Report 11/2021: Defining of guidelines regarding distribution of the profit of Bank Polska Kasa Opieki S.A. for the years 2021-2024
29.03.2021 17:26UNOFFICIAL TRANSLATION
Bank Polska Kasa Opieki Spółka Akcyjna (the “Bank”) hereby informs that on 29 March 2021, the Bank's Management Board adopted a resolution specifying the following guidelines regarding distribution of the Bank's profit for the years 2021-2024:
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allocation of 50% -75% of the Bank's profit for 2021 to the dividend for 2021,
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allocation of 50% -75% of the Bank's profit for 2022 to the dividend for 2022,
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allocation of 50% -75% of the Bank's profit for 2023 to the dividend for 2023,
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allocation of 50% -75% of the Bank's profit for 2024 to the dividend for 2024.
Guidelines regarding the distribution of the Bank's profit for the years 2021-2024 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:
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recommendations of the Polish Financial Supervision Authority (“PFSA”) regarding the distribution of profit or stance of the PFSA regarding the distribution of profit,
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significant change in the growth rate of risk-weighted assets,
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significant deterioration of the macroeconomic and financial markets conditions in Poland or globally,
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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,
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imposing additional capital buffers on the Bank.
Guidelines for distribution of the Bank's profit for the years 2021-2024 received a positive assessment of the Bank's Supervisory Board on 29 March 2021.
Legal basis: Art. 17 (1) MAR - confidential information