Bank PKO BP may cut its cost of risk target - CEO
May 30, 2014
Poland's largest lender PKO BP may lower the cost of risk goal it adopted in the strategy to 2015, CEO Zbigniew Jagiello told PAP Polish news agency.
"We are on the path to reduce the cost of risk in 2014 to 120 bps," Jagiello said. "After completing Nordea takeover, with the better than expected economic growth we will mull adjusting downwards the cost of risk level assumed in the strategy to 2015."
Nordea's cost of risk is lower than that of PKO BP, he added.
The goal for C/I at 45% will remain intact, even though the bank already beat it in Q1 2014.