Capítulo 4: Resultados
4.5. Tejiendo redes en el proceso formativo del estudiante. Docente tutor y docente asesor
4.5.2. Asesorías en la comunidad
Name and legal form: ... Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna
Registered office: ... ul. Puławska 15, 02-515 Warsaw, Poland Telephone number: ... (+48 22) 521 91 82
Fax number: ... (+48 22) 521 91 83 Website: ... www.pkobp.pl Email address: ... [email protected]
KRS (company registration number): ... 0000026438
REGON: ... 016298263 NIP: ... 525-000-77-38
The Bank in the form of a joint stock company was formed by virtue of the Regulation of the Council of Ministers dated 18 January 2000 on the transformation of Powszechna Kasa Oszczędności – Bank Państwowy into a wholly state-owned joint stock company operating under the business name of Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna issued under Article 44 of the Polish Banking Law. On 28 March 2000, under the aforementioned Regulation, the act on transformation of the state-owned bank into a wholly state-owned joint stock company was executed.
The Bank was entered in the commercial register under a court decision dated 12 April 2000. On 12 July 2001, the Bank was entered in the National Court Register kept by the District Court for the Capital City of Warsaw, XVI Registry Division. At present the competent registry court is the District Court for the Capital City of Warsaw, XIII Business Division of the National Court Register.
The Bank has been established for an unspecified period of time. The Bank operates in accordance with the Polish Commercial Companies Code, the Polish Banking Law and other rules and regulations governing banks and commercial companies as well as the provisions of the Bank’s Statute and other internal regulations.
Object of Activities
The Bank’s object of activities is set forth in § 4 of the Statute.
PKO Bank Polski is a universal deposit and lending bank providing services to individuals, legal entities, small, medium and large enterprises as well as to state and local government institutions and other domestic and foreign entities. The Bank is also active in the areas of treasury and investment. The Bank may hold foreign exchange values and trade in them, carry out currency and foreign exchange operations as well as open and hold accounts in foreign banks and deposit funds in accounts.
Share Capital
As of the date of the Base Prospectus, the Bank’s share capital is PLN 1,250,000,000 and is divided into 1,250,000,000 shares with a nominal value of PLN 1 each, including 510,000,000 series A shares, including 312,500,000 registered series A shares and 197,500,000 bearer series A shares, 105,000,000 series B bearer shares, 385,000,000 series C bearer shares and 250,000,000 series D bearer shares. The conversion of series A shares into bearer shares and the transfer of these shares shall require consent expressed in a resolution of the Council of Ministers. Pursuant to § 6 section 2 of the Bank’s Statute, the conversion into bearer shares or transfer of series A shares upon obtaining such consent shall result in the expiration of the restrictions provided for in the preceding sentence in respect of the shares that are subject to such conversion into bearer shares or transfer, to the extent such consent was granted.
The registered series A shares (510,000,000) issued by the Bank and owned by the State Treasury were admitted to public trading, dematerialised and registered in the depository and settlement system maintained by the Polish National Depositary for Securities (Krajowy Depozyt Papierów Wartościowych, the “NDS”) in 2004, but they were not included in a motion for the admission and introduction to trading on the regulated market maintained by the WSE. Under a resolution of 7 April 2011, the Council of Ministers granted consent to the conversion of 197,500,000 registered series A shares owned by the State Treasury into bearer shares which, pursuant to §6.2 of the Bank’s Statute, is necessary to convert such shares into bearer shares. On 22 November 2011 the management board of the Polish National Depositary for Securities decided to assign ISIN code PLPKO0000073
shares (assigned ISIN code PLPKO0000024) to bearer shares which was effected on 24 November 2011 at the request of the State Treasury as the Bank’s shareholder. On 19 July 2012, such shares were admitted to trading on the WSE and assimilated by the NDS with the remaining 740,000,000 shares in the Bank traded on the WSE and assigned the code PLPKO0000016. The remaining 312,500,000 registered series A shares in the Bank continue to have ISIN code PLPKO0000024.
Furthermore, registered series A shares may be converted into bearer shares only in the case where they have been dematerialised within the meaning of the Polish Act of 29 July 2005 on Trading in Financial Instruments. Series A share, series B shares, series C shares and series D shares were registered in the depositary system maintained by the NDS.
The same rights and obligations are attached to all shares. None of the shares entitle the holders to any preference, specifically as to voting rights or dividends. However, while the Bank’s Statute limits the voting rights of shareholders holding over 10% of the votes at the General Meeting, such limitation does not apply to: (i) shareholders that on the date of the adoption of the resolution of the General Meeting imposing such restrictions already had rights attached to shares representing more than 10% of the total number of votes in the Bank (the State Treasury and BGK); (ii) the holders of series A registered shares (the State Treasury); and (iii) shareholders acting jointly with the shareholders mentioned in (ii) on the basis of agreements with regard to the joint exercise of the voting rights attached to their shares.
Moreover, the moment the share held by the State Treasury in the share capital of the Bank falls below five percent, the voting right limitations will expire.
PKO Bank Polski Group
As of the date of the Base Prospectus, the Group consists of the Bank and 48 entities directly or indirectly controlled by the Bank. These Group companies support the Bank by performing sales functions and supplementing the product range that the Bank offers. They allow the Group to provide wider scope of services and to sell a larger number of products as well as to solicit new clients through cross-selling. Furthermore, some Group entities provide services to the Bank.
The chart below presents the structure of the Group and the Bank’s subordinated companies as of the date of the Base Prospectus:
PKO Towarzystwo Funduszy Inwestycyjnych S.A.
100% 100%
PKO BP BANKOWY PTE S.A. 100%
100%
PKO Leasing S.A.
100% 100%
PKO Bank Hipoteczny S.A.1
PKO BP Finat Sp. z o.o.2 100%
100%
Bankowe Towarzystwo Kapitałowe S.A.
100% 100%
PKO Życie Towarzystwo Ubezpieczeń S.A.3 100% 100% KREDOBANK S.A. 99,5655% 99,5655% „CENTRUM HAFFNERA" Sp. z o.o.4 72,9766% 72,9766% PKO Finance AB 100% 100%
Qualia Development Sp. z o.o.5 100%
100%
„Inter-Risk Ukraina” Spółka z dodatkową odpowiedzialnością
100% 100%
Finansowa Kompania „Prywatne Inwestycje" Sp. z o.o.6
95,4676% 95,4676%
PKO Towarzystwo Ubezpieczeń S.A.7
100% 100%
PKO Bankowy Leasing Sp. z o.o. 100% 100%
PKO Leasing Sverige AB
100% 100%
PKO BP Faktoring S.A.9 99,9889%
99,9889%
Ubezpieczeniowe Usługi Finansowe Sp. z o.o.10
100% 100%
Finansowa Kompania „Idea Kapitał" Sp. z o.o. 100% 100% „Sopot Zdrój" Sp. z o.o. 100% 100% „Centrum Majkowskiego" Sp. z o.o. w likwidacji 100% 100% Qualia Sp. z o.o. 100% 100% Qualia spółka z ograniczoną
odpowiedzialnością - Neptun Park Sp. k.
99,9975% - Qualia spółka z ograniczoną odpowiedzialnością - Sopot
Sp. k.
99,9811% -
Qualia spółka z ograniczoną odpowiedzialnością - Jurata Sp. k.
99,977% - Qualia spółka z ograniczoną odpowiedzialnością - Zakopane Sp.
k.
99,9123% - Qualia spółka z ograniczoną
odpowiedzialnością - Pomeranka Sp. k.
99,8951% -
„Centrum Obsługi Biznesu" Sp. z o.o.
41,44% 41,44%
Centrum Elektronicznych Usług Płatniczych eService Sp. z o.o.
34% 34%
Associates
Poznański Fundusz Poręczeń Kredytowych Sp. z o.o.
33,33% 33,33%
Bank Pocztowy S.A.
25,0001% 25,0001%
Centrum Operacyjne Sp. z o.o. 100% 100%
Spółka Dystrybucyjna Banku Pocztowego Sp. z o.o.
100% 100%
„Promenada Sopocka" Sp. z o.o. 100% 100%
Qualia 2 Sp. z o.o. 100%
100% Qualia 2 spółka z ograniczoną odpowiedzialnością - Nowy Wilanów
Sp. k.
99,9750% -
Qualia Hotel Management Sp. z o.o. 100% 100%
Qualia - Residence Sp. z o.o. 100% 100%
Qualia - Rezydencja Flotylla Sp. z o.o.
100% 100%
„Fort Mokotów Inwestycje" Sp. z o.o.
100% 100%
Jointly controlled entities Subsidiaries
100% 100% 100%
PKO Bank Polski Spółka Akcyjna
100%
EVO Payments International Sp. z o.o. (z siedzibą w Polsce)11
100% 100%
EVO Payments International s.r.o. (z siedzibą w Czechach)12
100% 100%
Merkury - fundusz inwestycyjny zamknięty aktywów niepublicznych 8
100% 100%
"Zarząd Majątkiem Górczewska" Sp. z o.o.
100% 100%
Molina Sp. z o.o. 100%
100%
Molina spółka z ograniczoną odpowiedzialnością 1 S.K.A.
100%
Molina spółka z ograniczoną odpowiedzialnością 3 S.K.A.
100% 100%
Molina spółka z ograniczoną odpowiedzialnością 4 S.K.A.
100% 100%
Molina spółka z ograniczoną odpowiedzialnością 5 S.K.A.
100% Qualia spółka z ograniczoną
odpowiedzialnością - Projekt 1 Sp. k.
50% - Qualia spółka z ograniczoną odpowiedzialnością - Władysławowo
Sp. k.
50% -
Sarnia Dolina Sp. z o.o. 100%
100%
Giełda Nieruchomości Wartościowych Sp. z o.o.
100% 100%
„Fort Mokotów" Sp. z o.o. w likwidacji
51% 51%
1. The company was registered in the National Court Register on 24 October 2014.
2. The merger of Inteligo Financial Services SA (as the acquired company) with PKO BP Finat sp. z o.o. (as the acquiring company) was finalised on 28 November 2014.
3. Subsidiary of PKO Bank Polski SA since 1 April 2014; previous name Nordea Polska Towarzystwo Ubezpieczeń na Życie SA. 4. Until 19 January 2014, the company was a joint venture of PKO Bank Polski SA.
5 The company is classified as non-current assets held for sale; in the limited partnerships of the Qualia Development Sp. z o.o group, Qualia Development Sp. z o.o is a limited partner and Qualia Sp. z o.o is the active partner; with the exception of Qualia 2 spółka z ograniczoną odpowiedziałnością – Nowy Wilanów Sp. k., in respect of which Qualia Spółka 2 Sp. z o.o is the active partner and Qualia Development Sp. z o.o is a limited partner.
6. The second shareholder of the company is “Inter-Risk Ukraina” Sp. z d.o. 7. The company was registered in the National Court Register on 13 April 2015.
8. PKO Bank Polski SA holds investment certificates of the fund enabling it to exercise control over the fund. 9. The second shareholder of the company is PKO Bank Polski SA.
10. Since 1 April 2014, an indirect subsidiary of PKO Bank Polski SA; previous name: Nordea Usługi Finansowe sp. z o.o. 11. The company was registered in the National Court Register on 9 February 2015.
12. On 16 February 2015, the company was registered in the Commercial Register kept by the Municipal Court in Prague.
The Bank’s Principal Subsidiaries
General information on the Bank’s principal subsidiaries is presented below. Kredobank S.A.
The Bank holds 99.57% of the shares in the share capital of Kredobank, which entitles it to exercise 99.57% of the votes at the general meeting of shareholders.
Name and legal form: ... Public Joint Stock Company “Kredobank” Registered office: ... Sacharowa 78A, 79026 Lviv, Ukraine
Share capital: ... UAH 1,918,969,469.16
Principal object of the company: ... Banking activity.
PKO Bank Hipoteczny S.A.
The Bank holds 100% of the shares in the share capital of PKO BH SA, which entitles it to exercise 100% of the votes at the general meeting of shareholders.
Name and legal form: ... PKO Bank Hipoteczny S.A.
Registered office: ... Plac Kaszubski 17/19/21,81-350 Gdynia, Poland
Share capital: ... PLN 300,000,000
Principal object of the company: ... Banking activity.
PKO Towarzystwo Funduszy Inwestycyjnych S.A.
The Bank holds 100% of the shares in the share capital of PKO TFI, which entitles it to exercise 100% of the votes at the general meeting of shareholders.
Name and legal form: ... PKO Towarzystwo Funduszy Inwestycyjnych S.A.
Registered office: ... Puławska 15, 02-515 Warsaw, Poland Share capital: ... PLN 18,000,000
Principal object of the company: ... Creation and management of investment funds.
PKO BP BANKOWY Powszechne Towarzystwo Emerytalne S.A.
The Bank holds 100% of the shares in the share capital of PKO BP BANKOWY Powszechne Towarzystwo Emerytalne S.A., which entitles it to exercise 100% of the votes at the general meeting of shareholders.
Name and legal form: ... PKO BP BANKOWY Powszechne Towarzystwo Emerytalne S.A.
Share capital: ... PLN 260,000,000
Principal object of the company: ... Management of an open-end pension fund.
PKO Leasing S.A. (formerly: Bankowy Fundusz Leasingowy S.A.)
The Bank holds 100% of the shares in the share capital of PKO Leasing S.A., which entitles it to exercise 100% of the votes at the general meeting of shareholders.
Name and legal form: ... PKO Leasing S.A. (formerly: Bankowy Fundusz Leasingowy S.A.)
Registered office: ... Aleja Marszałka Edwarda Śmigłego-Rydza 20, 93-281 Łódź, Poland
Share capital: ... PLN 94,056,900
Principal object of the company: ... Operational and financial leasing of tangible and real estate assets; the special services provided by PKO Leasing S.A. and PKO Bankowy Leasing sp. z o.o. and PKO Leasing Sverige AB (the subsidiaries of PKO Leasing S.A.) are: leasing of cars, leasing of construction equipment and building machinery and long-term leasing of cars and car fleet management.
Bankowe Towarzystwo Kapitałowe S.A.
The Bank holds 100% of the shares in the share capital of Bankowe Towarzystwo Kapitałowe S.A., which entitles it to exercise 100% of the votes at the general meeting of shareholders.
Name and legal form: ... Bankowe Towarzystwo Kapitałowe S.A.
Registered office: ... Bitwy Warszawskiej 1920 r. 7, 02-366 Warsaw, Poland
Share capital: ... PLN 33,243,900
Principal object of the company: ... Rendering services in favour of other Group entity, including payroll, human resources and accounting services; factoring services through its subsidiary, PKO BP Faktoring S.A.
Qualia Development sp. z o.o.
The Bank holds 100% of the shares in the share capital of Qualia Development sp. z o.o., which entitles it to exercise 100% of the votes at the meeting of shareholders.
As of 31 December 2014, Qualia Development sp. z o.o. and its subsidiaries were fully consolidated in the financial statements of the PKO Bank Polski Group. In December 2014, in accordance with IFRS 5 (Non-current
Assets Held for Sale and Discontinued Operations), the Bank reclassified the shares it holds in Qualia
Development sp. z o.o. as ‘Non-current assets held for sale’, which means that the Bank intends to recover the value of the above-mentioned shares through a sale transaction. See “Material Contracts – Material Share
Purchase Agreements – Letter of intent regarding the potential disposal of Qualia Development sp. z o.o.”
Name and legal form: ... Qualia Development sp. z o.o.
Registered office: ... Mokotowska 1, 00-640 Warsaw, Poland
Share capital: ... PLN 347,107,500
Principal object of the company: ... Construction and real estate development activity through its subsidiaries.
PKO Finance AB (publ)
The Bank holds 100% of the shares in the share capital of PKO Finance AB (publ), which entitles it to exercise 100% of the votes at the meeting of the shareholders.
Name and legal form: ... PKO Finance AB (publ)
Registered office: ... c/o AB 1909 Corporate Services, Norrlandsgatan 18, 11143 Stockholm, Sweden
Share capital: ... EUR 55,474 (until 31 December 2010: SEK 500,000)
Principal object of the company: ... Special purpose vehicle established in order to raise funds for Bank deriving from the issue of notes.
PKO BP Finat sp. z o.o.
The Bank holds 100% of the shares in the share capital of PKO BP Finat sp. z o.o., which entitles it to exercise 100% of the votes at the meeting of the shareholders.
Name and legal form: ... PKO BP Finat sp. z o.o.
Registered office: ... Grójecka 5, 02-019 Warsaw, Poland Share capital: ... PLN 107,302,500
Principal object of the company: ... Services, including services supporting fund management.
Centrum Haffnera sp. z o.o. (a subsidiary of PKO Bank Polski since January 2014)
The Bank holds 72.98% of the shares in the share capital of Centrum Haffnera sp. z o.o., which entitles it to exercise 72.98% of the votes at the meeting of shareholders. The remaining shares in Centrum Haffnera sp. z o.o. are held by NDI S.A.
Name and legal form: ... Centrum Haffnera sp. z o.o.
Registered office: ... Powstańców Warszawy 19, 81-718 Sopot, Poland Share capital: ... PLN 60,801,000
Principal object of the company: ... Real estate management.
“Inter-Risk Ukraina” additional liability company
The Bank holds 100% of the shares in the share capital of Inter-Risk Ukraina additional liability company, which entitles it to exercise 100% of the votes at the meeting of the shareholders.
Name and legal form: ... “Inter-Risk Ukraina” additional liability company Registered office: ... Artema 52A Office 147, 04053 Kiev, Ukraine
Share capital: ... UAH 78,275,000
Principal object of the company: ... Debt collection of the impaired loans portfolio of Kredobank and the
impaired loans portfolio purchased by Finansowa Kompania “Prywatne Inwestycje” sp. z o.o.
Finansowa Kompania “Prywatne Inwestycje” sp. z o.o.
The Bank holds 95.47% of the shares in the share capital of by Finansowa Kompania “Prywatne Inwestycje” Sp. z o.o, which entitles it to exercise 95.47% of the votes at the meeting of the shareholders.
Name and legal form: ... Finansowa Kompania “Prywatne Inwestycje” sp. z o.o. Registered office: ... Artema 52A Office 147, 04053 Kiev, Ukraine
Share capital: ... UAH 950,101,000
Principal object of the company: ... Factoring operations.
PKO Życie Towarzystwo Ubezpieczeń S.A. (a subsidiary of PKO Bank Polski since April 2014)
The Bank holds 100% of the shares in the share capital of PKO Życie Towarzystwo Ubezpieczeń S.A. (previous name: Nordea Polska Towarzystwo Ubezpieczeń na Życie S.A.), which entitles it to exercise 100% of the votes at the meeting of the shareholders thereof.
Name and legal form: ... PKO Życie Towarzystwo Ubezpieczeń S.A. Registered office: ... Chłodna 52, 00-872 Warsaw, Poland
Share capital: ... PLN 192,529,463.11
Principal object of the company: ... Life insurance.
PKO Towarzystwo Ubezpieczeń S.A. (a subsidiary of PKO Bank Polski since April 2015)
The Bank holds 100% of the shares in the share capital of PKO Towarzystwo Ubezpieczeń S.A., which entitles it to exercise 100% of the votes at the meeting of the shareholders thereof.
Name and legal form: ... PKO Towarzystwo Ubezpieczeń S.A.
Registered office: ... Chłodna 52, 00-872 Warsaw, Poland
Share capital: ... PLN 20,000,000
Principal object of the company: ... Property insurance.
Significant joint ventures of the Bank
General information on the Bank’s significant joint venture – CEUP eService is presented below. Centrum Elektronicznych Usług Płatniczych eService sp. z o.o.
The Bank holds 34% of the shares in the share capital of CEUP eService, which entitles it to exercise 34% of the votes at the general meeting of the shareholders thereof.
Name and legal form: ... Centrum Elektronicznych Usług Płatniczych eService sp. z o.o.
Registered office: ... Jana Olbrachta 94, 01-102 Warsaw, Poland
Share capital: ... PLN 56,000,000
Principal object of the company: ... Processing of information regarding payment transactions at retail and service outlets and management of the debit and credit card acceptance network, development and implementation of additional services offered on the basis of POS terminals.
Significant associates of the Bank
General information on the Bank’s significant associate – Bank Pocztowy is presented below. Bank Pocztowy S.A.
The Bank holds 25% plus ten shares in the share capital of Bank Pocztowy S.A., which entitles it to exercise 25% plus ten votes at the general meeting.
Name and legal form: ... Bank Pocztowy S.A.
Registered office: ... Jagiellońska 17, 85-959 Bydgoszcz, Poland Share capital: ... PLN 97,290,400
Principal object of the company: ... Banking activity.
Other entities controlled by the Bank
Merkury private assets closed-end investment fund
The Bank holds 100% of the investment certificates in Merkury – private assets closed-end investment fund, which entitles it to exercise 100 % of the votes at the meeting of the investors
Name and legal form: ... Merkury – private assets closed-end investment fund
Registered office: ... Puławska 15, 02-515 Warsaw, Poland Capital: ... PLN 120,000,000