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
NAME OF ENTITY	LOCATION	CORE ACTIVITY	31.12.2023	31.12.2022
Pekao Bank Hipoteczny S.A.	Warsaw	Banking	100	100
Pekao Leasing Sp. z o.o.	Warsaw	Leasing services	100	100
PeUF Sp. z o.o.	Warsaw	Financial support	100	100
Pekao Investment Banking S.A.	Warsaw	Brokerage	100	100
Pekao Faktoring Sp. z o.o.	Lublin	Factoring services	100	100
Centrum Kart S.A.	Warsaw	Financial support	100	100
Pekao Financial Services Sp. z o.o.	Warsaw	Transferable agent	66.5	66.5
Pekao Direct Sp. z o.o.	Kraków	Call-center services	100	100
Pekao Property S.A. (in liquidation)	Warsaw	Real estate development	100	100
FPB – Media Sp. z o.o. (in bankruptcy)	Warsaw	Real estate development	100	100
Pekao Fundusz Kapitałowy Sp. z o.o. (in liquidation)	Warsaw	Business consulting	100	100
Pekao Investment Management S.A.	Warsaw	Holding	100	100
Pekao TFI S.A.	Warsaw	Asset management	100	100

As at 31 December 2023 and 31 December 2022 all subsidiaries of the Bank have been consolidated.

As at 31 December 2023 and 31 December 2022 the Group held no shares in entities under joint control.

Jednostki stowarzyszone

NAME OF ENTITY	LOCATION	CORE ACTIVITY	PERCENTAGE OF THE GROUP’S OWNERSHIP RIGHTS IN SHARE CAPITAL/VOTING
NAME OF ENTITY	LOCATION	CORE ACTIVITY	31.12.2023	31.12.2022
Krajowy Integrator Płatności S.A.	Poznań	Monetary brokerage	38.33	38.33