Sources of financing operations

The PKO Bank Polski SA finances its operations from domestic and foreign sources, which comprise deposits (including interbank deposits), equity and wholesale market funds, which include liabilities from issuing securities, subordinated liabilities and loans and advances from monetary and non-monetary institutions. The main source of financing the Bank’s Group’s operations are Customer deposits, comprising ¾ of all sources of finance.

Annual report
Structure of sources of financing the operations of the PKO Bank Polski SA Group
Currency structure of financing the operations of the PKO Bank Polski SA Group

The Group’s optimal financing structure enables the PKO Bank Polski SA Group to fully meet its investment plans, including equity investments. The Bank’s Group mainly uses own funds from equity and securities’ issues to finance equity investments.

International cooperation

The PKO Bank Polski SA Group also acquires funds for the needs following from business growth, including financing projects from the firm and enterprise segment also by engaging in international cooperation.

The Bank’s Group acquires funds from foreign financial markets, among other things by obtaining loans from international financial institutions (among others the Development Bank of the Council of Europe and the European Investment Bank). Detailed information on the loans received from international financial institutions by the PKO Bank Polski SA Group and on the loans received is provided in Note 36 of the Consolidated Financial Statements of PKO Bank Polski SA for the year ended 31 December 2018.

The Bank’s Group is also involved in guarantee programs distributed by the European Investment Fund (such as COSME and InnovFIN).

PKO Życie Towarzystwo Ubezpieczeń SA cooperates with Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München, MetLife Insurance Inc., RGA International Reinsurance Company Ltd and Partner Reinsurance Europe SE under reinsurance treaties concluded with them

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