BNP Paribas Bank Polska S A : Decisions of the Polish Financial Supervision Authority on the consent for recognition of the 1H 2020 net profit as a part of the Common Equity Tier 1 capital on stand-alone and consolidated levels
September 29, 2020 at 01:20 pm EDT
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Decisions of the Polish Financial Supervision Authority on the consent for recognition of the 1H 2020 net profit as a part of the Common Equity Tier 1 capital on stand-alone and consolidated levels
current report no. 34/2020
date: 29 September 2020
The Management Board of BNP Paribas Bank Polska S.A. ("the Bank") with reference to the current report no. 31/2020 dated 8 September 2020 hereby announces that the Bank on 29 September 2020 received a decision of the Polish Financial Supervision Authority on the consent for recognition of a stand-alone net profit for period from 1 January 2020 to 30 June 2020 in the amount of PLN 329,799,009.75 (in words: three hundred twenty nine million seven hundred ninety nine thousand nine zlotys seventy five groszy) as a part of the Bank's Common Equity Tier 1 capital as well as a decision on the consent for recognition of consolidated net profit for period from 1 January 2020 to 30 June 2020 in the amount of PLN 334.127.286,63 (in words: three hundred and thirty four million one hundred and twenty seven thousand two hundred and eighty six zlotys and sixty three groszy) as a part of the Bank's Common Equity Tier I capital on a consolidated level.
Recognition of the 1H 2020 net profit as a part of the Bank's Common Equity Tier 1 capital shall improve: Common Equity Tier 1 ratio (CET 1), Tier 1 Capital Ratio and Total Capital Ratio (TCR) calculated on a stand-alone basis by 0.40 pp each as well as capital adequacy ratios calculated on the consolidated basis by 0.39 pp, based on data as at 30 June 2020.
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 29 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 September 2020 17:19:04 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 : Decisions of the Polish Financial Supervision Authority on the consent for recognition of the 1H 2020 net profit as a part of the Common Equity Tier 1 capital on stand-alone and consolidated levels
BNP PARIBAS BANK POLSKA S.A. 
