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Poland's PKO unveils new strategy, aims for ROE above 12%

Reuters
·1-min read
FILE PHOTO: Bank Polski logo is pictured in Warsaw

GDANSK (Reuters) - Polish biggest lender, PKO Bank Polski revealed on Thursday, its new strategy for 2023-2025, which assumes the state-run bank will achieve a return-on-equity (ROE) level of above 12% by 2025 and that it will be able to pay dividends or carry out share buy-backs.

The lender also disclosed in its strategy that it plans to keep its cost-to-income (C/I) ratio below 45% and to achieve a cost of risk level of 70-90 basis points.

(Reporting by Mateusz Rabiega, Maria Gieldon, and Patrycja Zaras; editing by Jason Neely)