Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of Bank Pekao (Pekao or the Bank) at ‘A-’ and ‘A2’, respectively. At the same time, CI Ratings has affirmed Pekao’s Bank Standalone Rating (BSR) of ‘bbb+’, Core Financial Strength (CFS) rating of ‘bbb+’ and Extraordinary Support Level (ESL) of Moderate. The Outlook on the LT FCR and BSR is Stable.
The affirmation of the ratings reflects Pekao’s strong market position in both retail deposits and corporate lending. The Bank’s position is further strengthened by its partnership with Powszechny Zaklad Ubezpieczen S.A. (PZU), creating opportunities for cross-selling and synergies in insurance and asset management. The funding profile is primarily supported by stable retail deposits. The Bank’s capital position remains solid, and the risk management framework is robust. Nonetheless,…