Poland’s largest leader PKO BP looks for M&A opportunities
To the M&A market
In a teleconference call with journalists and investors on Thursday, Pawel Gruza, vice president of the bank’s management board, stated that PKO BP, the largest lender in Poland, is continuously exploring M&A prospects.
With the dynamic and demanding market environment and uncertainties plaguing the current era, the clientele needs to get back the basic sense of security over the banks. Gruza said that thanks to their stronger hold on the market than their competitors in the troubled times, they can actually move ahead towards development and try new things instead of just fighting for survival.
He added that it would take long to develop the bank’s current operations, adding that they will continually watch the market situation about realistic acquisition options in order to strengthen their additional competencies.
What does the CFO say?
CFO Bartosz Drabikowski stated during the same call that the bank hopes to keep its dividend policy. He added that he believes there is a chance for a two-digit return on equity (ROE) in the bank’s 2023–2025 strategy horizon, adding that their priority is still their shareholders and investors. Therefore, they will still protect features like dividends.
FAQs:
- What is PKO BP?
Established in 1919, PKO Bank Polski is the biggest bank in Poland. Both individual and corporate clients can use its services, and its primary line of business is retail banking. - Who is the CFO of PKO BP?
Bartosz Drabikowski is the current CFO of PKO BP.
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