PKO Bank Polski

The Bank PKO BP ( Powszechna Kasa oszczędności Bank Polski Spółka Akcyjna ) is the largest and oldest bank in Poland, based in Warsaw. The company is listed on the Warsaw Stock Exchange share index WIG 20.

  • 2.1 External links
  • 2.2 footnotes


On 8 February 1919, the Pocztowa Kasa oszczędności (about Postal Savings Bank ) founded and Hubert Linde was determined to be its first president. Bank headquarters were Warsaw and branches were opened in Katowice, Krakow, Lvov (Lviv ), Łódź and Poznań. 1928 took over Henryk Gruber the management of the Bank, which is now managed 128,000 savings accounts. At the beginning of the Second World War, the PKO had 3.4 million accounts with a total investment volume of 0.8 billion zloty (1938 ), total assets of 1.2 billion zloty (1938 ) and about 2,000 employees. During the war, some stores were closed by the Nazis and others opened, for example, in the occupied territories of the Soviet Union.

After the invasion of the Red Army, the Bank has been active as a Polish bank back in April 1945. 1946 managed PKO 6,000 savings accounts, three years later, there were 270,000, and the number of employees increased from 1,000 to 3,000. The end of 1949, the company changed its name to Powszechna Kasa oszczędności ( General Savings Bank ). In 1974, the company had approximately 15,000 employees. A year later, the bank was incorporated into the central bank of Poland. 1987 PKO became independent again and was now called Powszechna Kasa oszczędności Bank Państwowy (state general savings bank ).

On 12 April 2000, the company was converted into a public limited company and changed its name now as Powszechna Kasa oszczędności Bank Polski Spółka Akcyjna (Polish Bank und Sparkassen AG ). Until the IPO on 10 November 2004, the company was wholly owned by the Polish state. The state had the end of 2010 still 40.99 percent of the company.

PKO today

The group, whose parent company is the Powszechna Kasa oszczędności Bank Polski Spółka Akcyjna, has eight companies that are in direct control of the Bank, and five more that are in indirect control of the Bank and are fully consolidated. As accounting standards IFRS will be applied. 2009, a net profit of about 2.3 billion zloty was generated.