2025-06-12 19:12
publication
2025-06-12 19:12
Connected PZU and Bank Pekao will provide predictable and stable dividend payments while maintaining an adequate level of capital and the development of operating activities – both institutions informed in the presentation.
It was stated that the potential transaction will strengthen – as specified – “a unique and unique dividend profile of both institutions”.
“There is a strong commitment from both PZU and ours that the payment policy will continue and currently both institutions have a strong characteristics of generating profits, which has been proven in recent years (…). We are convinced that we will be able to pay dividends at least in the amount that has been paid out for the last few years,” said at the Thursday meeting with analysts, the president of Bank Pekao SA, Cezary Stypułkowski.
“(…) We are realists, excessive capital ultimately belongs to the shareholders and we will be in a dialogue with shareholders, how to manage these released capital in dialogue with shareholders” – he added.
At the beginning of June, PZU SA and Bank Pekao signed on cooperation, which ultimately lead to reorganization and increased efficiency of the capital group. It was stated that the effect of a potential transaction would be the release of a capital surplus of up to PLN 20 billion.
The new group is to be the head of the bank, not the insurer. To achieve this, it will first be necessary to divide PZU SA by separating the holding company and in 100 percent. A company that has been dependent on her operating activities in the field of property and other personal insurance. Then the PZU SA holding company will be combined with Bank Pekao SA as a acquiring entity. Ultimately, one company will be listed on the WSE.
After the entire transaction, the participation of the Treasury in the new entity is to amount to about 27 percent.
At the Thursday meeting, it was stated that the plans for Alior Bank are in the phase of intensive internal analyzes, the position of this bank in the group is still to be determined, and the final decisions and their capital impact will be announced in the near future. The sale of this bank's shares or a merger from Pekao is prudent. (PAP Biznes)
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