Group’s structure
Report Online
2020
-
102-45
List of the direct subsidiaries:
1) PKO Bank Polski has investment certificates of the fund.
The list presents the share of PKO Bank Polski in the respective company’s share capital and – in the case of funds – the share of the fund’s investment certificates held. All subsidiaries listed in the Consolidated financial statements of the PKO Bank Polski Group for the year ended 31 December 2020 are accounted for using the acquisition method. A full list of the bank’s subsidiaries, associates and joint ventures has been presented in Note 1.
A summary of receivables, liabilities, revenues and costs of transactions between PKO Bank Polski and its subordinated entities, including those companies’ indebtedness vis-à-vis the bank has been presented in the Financial Statements of PKO Bank Polski for the year ended 31 December 2020 (Note 48).
Key changes to the group's structure
There were no significant changes in the group's structure in 2020:
- The following companies merged: PKO Leasing Nieruchomości sp. z o.o. as the acquiree and PKO Leasing S.A. as the acquirer and ZenCard sp. z o.o. as the acquiree and PKO BP Finat sp. z o.o. as the acquirer.
- The liquidation of Molina spółka z ograniczoną odpowiedzialnością 3 S.K.A. was finalized and liquidation proceedings were started of Molina spółka z ograniczoną odpowiedzialnością 5 S.K.A. and Molina spółka z ograniczoną odpowiedzialnością 6 S.K.A.
- At the beginning of July 2020, in connection with the closing of the securitization of lease receivables of PKO Leasing S.A. conducted in cooperation with the special purpose vehicle ROOF Poland Leasing 2014 DAC, action was taken to liquidate the SPV.
- Work was conducted on the reverse merger of “CENTRUM HAFFNERA” sp. z o.o. as the acquiree and its subsidiary “Sopot Zdrój” sp. z o.o. as the acquirer. The reverse merger was conducted on 14 January 2021 – the change was registered with the National Court Register (KRS) with jurisdiction over the acquirer. After the merger NEPTUN – fizan holds 62 944 shares in “Sopot Zdrój” sp. z o.o., which represent 72.98% of the Company’s share capital and are attached to 72.98% votes at the General Shareholders’ Meeting.