The PKO Bank Polski SA Group finances its operations with domestic and foreign sources from deposits (also from the interbank market), equity and market financing covering liabilities in respect of issuing securities, subordinated liabilities and loans and borrowings received from monetary and non-monetary institutions. The main source of the Bank’s Group’s financing are customer deposits which unwaveringly constitute three quarters of the sources of finance.
Structure of source of financing the operations of PKO Banku Polski SA Group
Currency structure of financing the operations of PKO Banku Polski SA Group
Maintaining an optimal financing structure enables the PKO Bank Polski SA Group to fully realize its investment plans, including capital expenditure projects. To complete a capital expenditure project the Bank’s Group uses mainly funds from its equity and from the issuance of securities.
International Cooperation
Funds to cover the needs of the PKO Bank Polski SA Group, which follow from the development of international business activities, including financing the MSE segment projects, are also obtained through international cooperation.
The Bank’s Group obtains funds from foreign financial markets, among other things, by drawing loans from international financial institutions (inter alia, The Council of Europe Development Bank and the European Investment Bank).
In 2017 PKO Bank Polski SA continued to participate in the 2020 European Fund for Energy, Climate Change and Infrastructure project (“Marguerite Fund”) established in 2009. The Marguerite Fund is the first example of a pan-European model for financing infrastructure projects in history. Its investment policy focuses on road, energy and renewable energy infrastructure projects. The fund is made up of six key investors who are lead financial institutions, including PKO Bank Polski SA and the European Investment Bank, as well as the remaining three investors, including the European Commission. The Bank’s share in the Fund’s capital is 14%. To-date, infrastructure projects of nearly PLN 2 billion were completed in Poland with the participation of the Marguerite Fund and important projects were carried out in the territory of the European Union, which facilitate access to the market for Polish companies and increase safety in the region.