GDANSK Dec 8 (Reuters) – Poland’s largest lender PKO BP (PKO.WA) is actively in search of out M&A alternatives, the financial institution’s administration board vice chairman Pawel Gruza stated throughout a convention name with buyers and journalists on Thursday.
“We are going to actively monitor the market state of affairs relating to practical acquisition alternatives with the intention to construct our further competencies,” he stated, including that it might take an excessive amount of time to increase via the financial institution’s present operations.
On the identical name, CFO Bartosz Drabikowski stated that the financial institution goals to keep up its dividend coverage.
“After all, the precedence is our stakeholder, our investor, so we are going to defend parts like dividends,” he stated, including that he sees the potential for the corporate’s return on fairness (ROE) to be bigger than the beforehand indicated 12% over its 2023-2025 technique horizon.
“We will think about that…ROE might also have a ‘2’ in entrance – after all it is dependent upon the assumptions, circumstances,” he stated.
Drabikowski additionally advised the corporate may purchase again a few of its shares.
“Trying on the state of affairs on the inventory trade, plainly the purchase again of shares can also be a really fascinating outcome for a few of our shareholders,” he stated.
Relating to the quantity of Swiss franc denominated loans on the financial institution’s books by the top of the technique interval, the vice chairman for danger administration Piotr Mazur stated that he hopes will probably be zero.
Reporting by Maria Gieldon and Patrycja Zaras in Gdansk; Modifying by Kirsten Donovan
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