Entity entitled to audit financial statements
On 26 January 2017, the Supervisory Board of PKO Bank Polski SA appointed KPMG Audyt Spółka z ograniczoną odpowiedzialnością spółka komandytowa as the entity authorized to audit the financial statements of PKO Bank Polski SA and the consolidated financial statements of the PKO Bank Polski SA Capital Group for the years 2017-2019. This entity audited the financial statements of the Bank and the Group for the years 2015-2016. KPMG Audyt Spółka z ograniczoną odpowiedzialnością spółka komandytowa, with its registered office in Warsaw, ul. Inflancka 4a, is entered in the list of audit firms kept by the National Council of Statutory Auditors with the number 3546. The audit firm for the purposes of the audit and review of the financial statements was selected by the Supervisory Board in accordance with the applicable legal regulations and professional standards, based on § 15 section 1 point 4 of the Bank’s Articles of Association.
On 12 April 2017, PKO Bank Polski SA and KPMG Audyt Spółka z ograniczoną odpowiedzialnością spółka komandytowa – the audit firm selected to audit the financial statements concluded the next contract for the audit and review of financial statements of the Bank and the PKO Bank Polski SA Capital Group for the years 2017-2019.
The total amount of net fees of KPMG Audyt Spółka z ograniczoną odpowiedzialnością sp.k. for the audit of the financial statements and the consolidated financial statements of PKO Bank Polski SA for 2017 was PLN 1.39 million (2016: PLN 1.25 million). In 2017, fees for assurance services, including the review of the financial statements totalled PLN 2.05 million (2016: PLN 2.38 million). In 2017, net fees for other services equalled PLN 0.07 million (2016: PLN 0.07 million).