PKO Bank Polski

Savings Accounts
up to 2.25 %

Founded in 1919, PKO Bank Polski (Powszechna Kasa Oszczędności Bank Polski, eng: Polish Universal Savings Bank) is now one of the largest banks in Poland. PKO Bank Polski provides a broad range of products and services in the areas of retail, corporate and investment banking to private individuals and companies.

Address
ul. Puławska 15, 02-515, Warszawa, Poland
Website
http://www.pkobp.pl/
Total Assets (2016)
285.57 bln PLN  (+6.98%)
Net Income (2016)
2 874.00 mln PLN  (+10.11%)
Number of Employees (2016)
25 900  (-11.36%)
Credit Ratings (as of Apr 2016)
-/A2
Deposit Guarantee
100 000 EUR
MFI ID
PL00102

Business Summary

Services
retail banking
corporate banking
investment banking
Products
current accounts
savings accounts (2.25 - 2.25 %)
time deposit accounts
investment funds
consumer loans
mortgage loans
business loans

Products

Savings Accounts

Savings accounts are interest-bearing deposits accounts which allow to withdraw money at any time. While providing more flexibility, savings accounts usually offer lower interest rates and shorter deposit terms than time deposit accounts.

Savings accounts made with PKO Bank Polski are covered by deposit guarantee scheme of Poland up to 100 000 EUR per depositor. PKO Bank Polski offers the following savings accounts.

Last updated 23 August 2017

Lokata IKO
Sales Region
Poland
Account Currency
PLN
Interest Rate (p.a.)
2.25 %
Deposit Term (months)
24 - 99999
Savings Account Details
Product Name
Lokata IKO
Account Currency
PLN
Interest Rate (p.a.)
2.25 %
Annual Costs
0 PLN
Deposit Term (months)
24 - 99999
Investment Amount
1000 - 9999999 PLN
Interest Frequency
12 times a year

Poland: This product is offered to Polish residents only. When clicking on the product link you will be redirected to the product page in Polish.

Financial Positions

Total Assets (2016)
285.57 bln PLN  (+6.98%)
Total Equity (2016)
32 569.00 mln PLN  (+7.61%)

In 2016 total assets of PKO Bank Polski were 285.57 bln PLN. Growth compared to the previous period (2015) was 6.98%. The evolution of the total assets of PKO Bank Polski is shown at Chart 1 below.

Total Assets of PKO Bank Polski. Chart 1. Total Assets of PKO Bank Polski.

Recent changes in total assets of PKO Bank Polski and its main components are shown in Table 1.

2015 2016 % change
Loans 194.4 207.3 +6.62%
Total Assets 266.9 285.6 +6.98%
Table 1. Recent changes in total assets of PKO Bank Polski (bln PLN).

Recent changes in total liabilities of PKO Bank Polski and its main components are shown in Table 2.

2015 2016 % change
Deposits 194.9 205.1 +5.20%
Total Liabilities 266.9 285.6 +6.98%
Table 2. Recent changes in total liabilities of PKO Bank Polski (bln PLN).

Profit and Loss

Net Income (2016)
2 874.00 mln PLN  (+10.11%)

In 2016 net income of PKO Bank Polski was 2 874.00 mln PLN. Growth compared to the previous period (2015) was 10.11%. The evolution of the net income of PKO Bank Polski is shown at Chart 2 below.

Net Income of PKO Bank Polski. Chart 2. Net Income of PKO Bank Polski.

Credit Ratings (as of Apr 2016)

Fitch Moody's
- (not rated) A2 (upper medium grade)

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. PKO Bank Polski is rated by Moody's.

Credit ratings assigned to PKO Bank Polski as of April 2016 are shown in details in the following sections.

Moody's

Long-term rating for PKO Bank Polski it is set to A2 (upper medium grade). Long-term bank deposit rating is A2 (upper medium grade). Bank financial strength rating is baa2. Short-term rating is not assigned.

Long-Term Rating  A2
Long-Term Bank Deposit Rating  A2
Bank Financial Strength Rating  baa2
Short-Term Rating  -
Outlook  stable

Outlook for the ratings of PKO Bank Polski is set to stable (not likely to change).

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 EUR per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Poland are obliged to participate in Polish deposit guarantee scheme.

In the case of PKO Bank Polski failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  natural persons, legal entities
Covered Accounts  deposits in all the accounts (e.g. term deposits, current accounts, savings accounts)
Covered Currencies  all
Maximum Protected Amount  100 000 EUR
Paid In Currency  PLN

Further Information

Bank Identifiers

Any bank can be identified for different purposes and hence can have several different identifiers.

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

MFI ID of PKO Bank Polski is shown in the table below.

MFI ID  PL00102

European Presence: 4 banks in 3 countries

This bank operates in the following European countries and selected dependent territories of the European countries:

Czech Republic

Germany

Poland