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The Warsaw Voice » Business » September 26, 2018
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CEO on banking strategy
September 26, 2018   
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Bank Pekao stands by the plan to allocate its entire profit to dividend in 2019, CEO Michal Krupinski told daily Parkiet.
Pekao will increase its dividend flexibility in the coming years thanks to the current subordinated bond issue, he added. The bank's future dividend capacity will also depend on ROE, loan sales and the economic situation, according to the official.
Pekao expects further double-digit growth of its retail segment in Q3-Q4 as well as faster "good double-digit" growth of its corporate segment which may get an additional boost from a rebound in private investments, Krupinski said. Such a rebound would also help the bank exceed this year's plan for an over 10% bottom line hike, he believes. Cost of risk in H2 should remain roughly flat vs. H1, he also suggested.
Pekao mulls setting up a digital bank from scratch or buying one abroad while currently planning no acquisitions on home turf. Pekao is interested neither in Alior Bank nor in Idea Bank, Krupinski asserted.
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