PKO Bank Polski – Ratings Affirmed with a Stable Outlook
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Summary
20 February 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 PKO Bank Polski (PKO or the Bank) at ‘A-’ and ‘A2’, respectively. At the same time, CI Ratings has affirmed PKO’s Bank Standalone Rating (BSR) of ‘a-’, Core Financial Strength (CFS) rating of ‘a-’ and Extraordinary Support Level (ESL) of Uncertain. The Outlook on the LT FCR and BSR remains Stable.
The affirmation of PKO’s ratings reflects its strong franchise as Poland’s largest universal bank and its resilient, well‑diversified business model and multiple revenue streams. PKO’s credit profile benefits from a very strong funding and liquidity position, anchored by a granular and stable retail deposit base and limited reliance on potentially more volatile wholesale funding, except for MREL needs. Asset quality is sound, with a low NPL ratio, good…