In 2018, the price of shares of PKO Bank Polski SA decreased by 11%, and as at the end of 2018, it was PLN 39.5, while WIG20 and WIG Banki indices dropped by 7% and 12% respectively.
Such changes in the prices of the shares due mainly to:
- interest rates maintained at a historical low despite the previous expectations of their increase;
- forecast lower economic growth for the subsequent year.
In 2018 as in previous years, the Bank focused on consistently generating attractive business results for investors and on adjusting the business model to the new market environment, in order to ensure a return on capital above the cost of capital, and thus, build shareholder value.
As at the end of 2018, PKO Bank Polski SA was the most valuable company on the Warsaw Stock Exchange. The Bank’s capitalization was close to PLN 50 billion.
In addition, as the only company in Poland it was accepted to the FTSE Russell index for large companies in developed markets after the reclassification of the status of the Polish market to a developed one in September 2018. Reclassification of Poland from emerging to developed markets by FTSE Russell is the first rating agency’s decision of the kind for more than a decade. It is the effect of constant improvement in the Polish equity market infrastructure and incessant growth in GDP.
PKO Bank Polski SA also joined the circle of companies included in the developed market STOXX Europe 600 index.