PZU hopes to increase its banking assets to PLN 300 bln

WSE-listed insurer PZU plans to increase the value of its banking assets to “at least” PLN 300 billion by 2020, thanks to organic growth, the company’s CFO Tomasz Kulik said. At end-Q3 its value amounted to PLN 236 billion. PZU controls two WSE-listed lenders Pekao and Alior. Asked what percentage of profit for 2017 may be spent on the dividend, Kulik said: “PZU intends to share its success with shareholders, 2017 was a year which would not justify retaining the profit, we would like it to be as high as possible.”