2. Group structure
The Group consists of Bank Pekao S.A. as the parent entity and the following subsidiaries
| NAME OF ENTITY | LOCATION | CORE ACTIVITY | PERCENTAGE OF THE GROUP’S OWNERSHIP RIGHTS IN SHARE CAPITAL/VOTING | |
| 31.12.2022 | 31.12.2021 | |||
| Pekao Bank Hipoteczny S.A. | Warsaw | Banking | 100.00 | 100.00 |
| Pekao Leasing Sp. z o.o. | Warsaw | Leasing services | 100.00 | 100.00 |
| PeUF Sp. z o.o. | Warsaw | Financial support | 100.00 | 100.00 |
| Pekao Investment Banking S.A. | Warsaw | Brokerage | 100.00 | 100.00 |
| Pekao Faktoring Sp. z o.o. | Lublin | Factoring services | 100.00 | 100.00 |
| Centrum Kart S.A. | Warsaw | Financial support | 100.00 | 100.00 |
| Pekao Financial Services Sp. z o.o. | Warsaw | Transferable agent | 66.50 | 66.50 |
| Pekao Direct Sp. z o.o. | Krakow | Call-center services | 100.00 | 100.00 |
| Pekao Property S.A. (in liquidation) | Warsaw | Real estate development | 100.00 | 100.00 |
| FPB – Media Sp. z o.o. (in bankruptcy) | Warsaw | Real estate development | 100.00 | 100.00 |
| Pekao Fundusz Kapitałowy Sp. z o.o. (in liquidation) | Warsaw | Business consulting | 100.00 | 100.00 |
| Pekao Investment Management S.A. | Warsaw | Holding | 100.00 | 100.00 |
| Pekao TFI S.A. | Warsaw | Asset management | 100.00 | 100.00 |
As at 31 December 2022 and 31 December 2021 all subsidiaries of the Bank have been consolidated.
As at 31 December 2022 and 31 December 2021 the Group held no shares in entities under joint control.
Investments in associates
| NAME OF ENTITY | LOCATION | CORE ACTIVITY | PERCENTAGE OF THE GROUP’S OWNERSHIP RIGHTS IN SHARE CAPITAL/VOTING | |
| 31.12.2022 | 31.12.2021 | |||
| Krajowy Integrator Płatności S.A. | Poznań | Monetary brokerage | 38.33 | 38.33 |