Bank Pekao – Ratings Affirmed with a Stable Outlook

4 March 2026

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 for the LT FCR and BSR is Stable.

The affirmation of Pekao’s ratings reflects its entrenched position as Poland’s second-largest universal bank and the strategic benefits derived from its partnership with the PZU Group. This relationship supports revenue diversification, particularly through bancassurance and asset management cross-selling. The Bank’s credit profile is supported by very strong funding and liquidity, anchored by a granular retail deposit base and limited reliance on market-sensitive…