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    PKO   PLPKO0000016

PKO BANK POLSKI S.A.

(PKO)
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Delayed Warsaw Stock Exchange  -  11:55 2022-06-30 am EDT
28.00 PLN   -2.51%
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Polish central bank's programme to allow Ukrainians to convert cash to start on Friday

03/21/2022 | 01:55pm EDT
FILE PHOTO: Ukrainian hryvnia banknotes are seen in a photo illustration shot in Kiev, Ukraine

WARSAW (Reuters) - Poland's central bank signed an agreement with the National Bank of Ukraine that will allow every adult Ukrainian refugee to convert up to 10,000 hryvnias ($341.88) to Polish zloty starting from March 25, it said on Monday.

"The exchange will be possible at a rounded, official ... exchange rate," the bank said in a statement.

Last week the bank said it was cooperating with the country's largest lender, PKO BP, to allow refugees who have fled Ukraine for Poland to convert hryvnia.

Many refugees are struggling to buy even basic necessities because their savings in hryvnia are non-convertible across most of Europe, meaning they have no way to exchange them at reasonable rates.

($1 = 29.2500 hryvnias)

(Reporting by Anna Koper; Editing by Chris Reese)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
EURO / UKRAINE HRYVNIA (EUR/UAH) 0.42% 30.971355 Delayed Quote.0.28%
PKO BANK POLSKI S.A. -2.51% 28 Delayed Quote.-36.08%
S&P GSCI COPPER INDEX 2 -1.73% 585.6561 Real-time Quote.-13.67%
UKRAINE HRYVNIA / EURO (UAH/EUR) -0.43% 0.032287 Delayed Quote.-0.28%
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Financials
Sales 2022 18 642 M 4 149 M 4 149 M
Net income 2022 5 669 M 1 262 M 1 262 M
Net Debt 2022 - - -
P/E ratio 2022 6,11x
Yield 2022 7,50%
Capitalization 35 000 M 7 789 M 7 789 M
Capi. / Sales 2022 1,88x
Capi. / Sales 2023 1,81x
Nbr of Employees 25 844
Free-Float 68,6%
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Number of Analysts 12
Last Close Price 28,00 PLN
Average target price 47,74 PLN
Spread / Average Target 70,5%
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Managers and Directors
Iwona Beata Duda Chief Executive Officer
Bartosz Remigiusz Drabikowski Director-Finance & Accounting
Maciej Lopinski Chairman-Supervisory Board
Artur Kurcweil Director-Technology
Mariusz Andrzejewski Member-Supervisory Board
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