Capital adequacy of the PKO Bank Polski SA Group
The capital adequacy level of the PKO Bank Polski SA Group in 2017 remained on a safe level, considerably above the supervisory limits. As at 31 December 2017, the capital adequacy measures of the PKO Bank Polski SA Group were calculated based on the provisions of the CRR Regulation taking account of prudential consolidation.
In 2017, the PKO Bank Polski SA Group continued its activities aimed at ensuring an appropriate capital buffer, and strengthened its capital position.
As at 31 December 2017, compared with 31 December 2016, the capital adequacy ratio of the PKO Bank Polski SA Group increased by 1.6 p.p. to 17.37%, and the basic capital Tier 1 ratio went up by 2 p.p. to 16.50%.
Capital adequacy measures of PKO Banku Polski SA Group
Capital requirements for PKO Bank Polski SA Group (in PLN billion)
The increase in the adequacy measures in 2017 was mainly due to an increase in own funds of approx. PLN 3.1 billion as a result of accumulating the entire net profit of the Bank for 2016 and allocating a part of the Bank’s profit for 2017 in an amount of approx. PLN 1.8 billion to own funds, upon approval of the PFSA.
The capital requirements relating to own funds as at 31 December 2017 remained stable compared with the prior year.
The capital adequacy level of PKO Bank Polski SA in 2017 remained on a safe level, considerably above the supervisory limits. As at 31 December 2017, the capital adequacy measures were calculated based on the provisions of the CRR Regulation. In 2017, PKO Bank Polski SA continued its activities aimed at ensuring an appropriate capital buffer, and maintained and strengthened its capital position.
As at 31 December 2017, compared with 31 December 2016, the capital adequacy ratio of PKO Bank Polski SA increased by 2.4 p.p. to 19.59%, and the basic capital Tier 1 ratio went up by 2.8 p.p. to 18.62%.
Capital adequacy measures of PKO Banku Polski SA
Capital requirements for PKO Bank Polski SA (in PLN billion)
The increase in the adequacy measures in 2017 was mainly due to an increase in own funds of approx. PLN 3.2 billion as a result of accumulating the entire net profit for 2016 and allocating a part of the profit for 2017 in an amount of approx. PLN 1.8 billion to own funds, upon approval of the PFSA. The decrease in the requirements concerning own funds with reference to risk in 2017 of approx. PLN 0.5 billion compared with 31 December 2016 was due to selling approx. PLN 5.6 billion housing loans secured by mortgage to PKO Bank Hipoteczny SA.