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Bank Polska Kasa Opieki S.A. (hereinafter referred to as „Bank”, „Bank Pekao”), established in 1929, is one of the largest financial institutions in the region of Central and Eastern Europe and the second largest universal bank in Poland, with over PLN 200 billion in assets. The Bank conducts operations both in PLN and foreign currencies and actively participates in trading on the domestic and foreign financial markets. It offers a full range of banking services to individual and institutional customers. The Bank operates in the territory of the Republic of Poland. The activities of Bank Pekao are supervised by the Polish Financial Supervision Authority (KNF). Starting from 2017, Bank Pekao is part of the PZU S.A. Group (hereinafter referred to as the „PZU Group”), the largest financial institution in Central and Eastern Europe. Since 1998, Bank Pekao has been listed on the Warsaw Stock Exchange.
Shareholding structure as of December 31, 2021:
| SHAREHOLDER NAME | NUMBER OF SHARES | PARTICIPATION IN THE SHARE CAPITAL |
|---|---|---|
| Powszechny Zakład Ubezpieczeń S.A. | 52,494,007 | 20.00% |
| Polski Fundusz Rozwoju S.A. | 33,596,166 | 12.80% |
| Aviva PTE Aviva Santander S.A. | 13,281,544 | 5.06% |
| Nationale-Nederlanden PTE S.A. | 13,201,655 | 5.03% |
| Other shareholders | 149,896,662 | 57.11% |
| Total | 262,470,034 | 100.00% |
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In 2021, the Bank had the second largest network of branches in the country, 650 outlets (563 outlets of its own retail network and 87 partner outlets) and 71 outlets of Pekao Group companies) and 1,475 ATMs located in all voivodeships. Until May 2021, there was a representative office of Bank Pekao S.A. in London. Apart from this one, the Bank did not have branches or ATMs abroad, but its customers were able to make transactions and use ATMs of other banks. As a corporate bank, Bank Pekao serves every second corporation in Poland. The Bank has an established market leadership position in private banking, asset management and brokerage activities. Pekao Bank’s diversified business profile is supported by a strong capital and liquidity position while maintaining the highest standards of risk management. The head office of Bank Pekao S.A. is located in Warsaw, at Grzybowska 53/57. The additional office is located at Żwirki i Wigury 31 in Warsaw.
Bank Pekao S.A. Group. (hereinafter referred to as: „Pekao Group”) consists of Bank Pekao as the parent company and its subsidiaries and indirect subsidiaries: financial institutions operating on the markets of banking, asset management, brokerage services, transaction consulting, leasing and factoring. Moreover, the Bank holds shares and stocks in associates, as well as minority interests.
650
outlets
1,475
ATMs
In 2021, the Pekao Group included Bank Pekao and the following subsidiaries:
| NAME | SEAT | SCOPE OF ACTIVITY |
|---|---|---|
| Pekao Bank Hipoteczny S.A. | Warsaw | Banking |
| Centrum Kart S.A. | Warsaw | Financial auxiliary |
| Pekao Direct Sp. z o.o. | Krakow | Call-centre services |
| Pekao Faktoring Sp. z o.o. | Lublin | Factoring services |
| Pekao Financial Services Sp. z o.o. | Warsaw | Transfer agent |
| Pekao Investment Banking S.A. | Warsaw | Brokerage |
| Pekao Investment Management S.A., w tym: | Warsaw | Holding |
| Pekao TFI S.A. | Warsaw | Asset management |
| Pekao Leasing Sp. z o.o. | Warsaw | Leasing services |
| Dom Inwestycyjny Xelion Sp. z o.o. (*) | Warsaw | Financial intermediation |
(*) All data concerning DI Xelion Sp. z o. o. presented in Statement on non-financial information of Bank Pekao for 2021 relate to 10 months of the year2021 (on October 29, 2021, an agreement for the sale of 100% DI Xelion shares was signed).
The most important changes in the Pekao Group that occurred in 2021 are listed below:
- Acquisition of shares in Krajowy Integrator Płatności S.A.,
- Acquisition of shares in PeUF Sp. z o.o,
- Sale of shares of Dom Inwestycyjny Xelion Sp. z o.o.,
- Increase of the share capital of Pekao Bank Hipoteczny S.A.
There were no significant changes in the organization’s supply chain. For more information on the changes in the Pekao Group, see „Report on the Activities of the Bank Pekao S.A. Group for 2021” in subchapter 5.1.
At the time of publication of this disclosure, a war between Russia and Ukraine is ongoing. Bank Pekao became involved in helping victims of the war – it started by providing humanitarian aid to refugees coming to Poland. A special offer has been introduced for Ukrainian citizens and entrepreneurs, free of charge and linguistically adjusted. Bank Pekao is ready to provide further necessary assistance.