PKO Bank Polski – Ratings Affirmed with a Stable Outlook
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Summary
Ref: PL0 13 2 3 CRA00- 0 1 12 April 2024
PKO Bank Polski – Ratings Affirmed with a Stable Outlook
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 PKO Bank Polski (PKO) at ‘A-’ and ‘A2’, respectively. The Outlook for the LT FCR remains Stable. At the same time, CI Ratings has affirmed PKO’s Bank Standalone Rating ( BSR ) of ‘a-’ with a Stable Outlook, Core Financial Strength ( CFS ) rating of ‘a-’ , and Extraordinary Support Level (ESL) of Uncertain .
The affirmation of the ratings reflects PKO ’s dominant market shares in all business segments, sound leverage ratios , and very strong liquidity and funding ratios. It also reflects the improved operating and net profitability due to a higher net interest margin ( NIM ) despite…