BNP Paribas Bank Polska S A : Polish Financial Supervision Authority recommendation regarding suspension of dividend payment in the first half of 2021
January 19, 2021 at 10:14 am
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Polish Financial Supervision Authority recommendation regarding suspension of dividend payment in the first half of 2021
current report no. 3/2021
date: 19 January 2021
The Management Board of BNP Paribas Bank Polska S.A. ("the Bank") hereby announces that on 18 January 2021 the Bank received a letter from the Polish Financial Supervision Authority ("PFSA") dated 15 January 2021 and including the following recommendations for the Bank:
to suspend the dividend payment in the first half of 2021,
not to undertake, without prior consultation with the supervisory authority, other actions, in particular those beyond the scope of the Bank's day-to-day business and operational activity that may result in a reduction of the capital position, including dividend payments from previous years' undistributed earnings or buyback of own shares.
According to the above letter, the position of the PFSA on the dividend policy of commercial banks in the second half of 2021 will be presented separately, following an analysis of the conditions of the banking sector in the first half of the year.
Legal basis
Article 17, item 1 of the Market Abuse Regulation (MAR)
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BNP Paribas Bank Polska SA published this content on 19 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 January 2021 15:13:02 UTC
BNP Paribas Bank Polska SA, formerly Bank BGZ BNP Paribas SA and Gospodarki Zywnosciowej SA, is a Poland-based bank. The Bank divides its operations into three segments: Retail Banking includes sales of products and services for individuals, such as current and deposit accounts, term deposits, granting of housing loans and cash loans, mortgage loans, revolving loans, overdrafts, issuing debit and credit cards, service of foreign cash transfers, entering into foreign exchange transactions, among others; Institutional Banking includes sales of products and services for enterprises, companies and cooperatives, individual entrepreneurs, individual farmers, non-profit institutions and public sector entities; and Financial Markets, Assets and Liabilities Management covers activity in the area of financial markets and liquidity management.
BNP PARIBAS BANK POLSKA S.A. 
