CEO’s Letter to the Shareholders

Luigi Lovaglio

President of the Management Board, CEO

" Fair approach
to Customers and Employees,
continuous improvement  
of the way we operate
and a lot of hard work."

Group Pekao reports strong results with PLN 2 715 m net profit for year 2014. This year brought another confirmation that our business model of focusing on sustainable revenue sources, constant efficiency improvements and drive for excellence in risk management, delivers satisfactory results and makes the Bank less sensitive to external shocks compared with competitors.

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WE RECOMMEND

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AWARDS AND DISTINCTIONS

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CORPORATE SOCIAL RESPONSIBILITY

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CAPITAL ADEQUACY

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FINANCIAL RESULTS

2715

m
Net profit in PLN

ROE:11.5%

BUSINESS

370

ths
NEW CUSTOMERS

Customers:4.5m

Loans growth:PLN 12 bn

Savings growth:PLN 13 bn

SAFETY

17.3

%
Core Tier 1

Cost of risk:56 p.p.

Net Loans/Deposits:88.8%