PKO BP to pay dividend payment from 2017 profit - CEO

WSE-listed, state-owned bank PKO BP, plans to recommend a dividend from this year’s profit, CEO Zbigniew Jagiełło said. “We have a very good economic situation, we have good relations with clients and we expect a good bank's profit for 2017, so we would like to return to the normal mode of sharing profits with shareholders,” he added. PKO BP retained the entire 2016 profit, in line with the recommendation of the Financial Supervision Authority (KNF). Jagiełło also said that in 2017 he expected PKO to report a net profit similar to PLN 2.87 billion booked last year, although the 2016 results were boosted by one-off elements.