Payment Practices [G1-6]
Favourable commercial terms, timely payments, and transparent, fair business relationships are our top priorities. While we do not currently have a formalised, unified payment policy across Pekao Group, we adhere to the contractual provisions outlined in individual agreements with our suppliers. The average invoice processing time, from receipt to payment, in 2024 was 17.92 days, based on calculations from our IT systems covering the entire year. At the same time, we do not collect data on standard payment terms in days or the percentage of payments made within standard terms by key supplier categories.
Considering subsidiaries with a material impact on the Group’s operations, the average invoice processing time from receipt to payment is 14 days for Pekao Faktoring Sp. z o.o., while Pekao Leasing Sp. z o.o. processes all payments in accordance with the due date specified on the invoice by the issuer.
In 2024, we identified one legal proceeding related to payment delays. The case is currently in first-instance court and concerns the untimely payment of lease rent on a property whose right of use was transferred by the Bank.