1. General information about BNP Paribas Bank Polska S.A. Capital Group

BNP Paribas Bank Polska S.A. (the “Bank” or “BNP Paribas”) is the parent company in the Capital Group of BNP Paribas Bank Polska S.A. (the “Group”).

The registered office of BNP Paribas Bank Polska S.A. is located at Kasprzaka 10/16 in Warsaw. The Bank is registered in Poland, by the District Court for the capital city of Warsaw, 12th Commercial Division of the National Court Register, under number KRS 0000011571. The duration of the parent company and other entities of the Group is unlimited.

Since 27 May 2011, pursuant to the decision of the Management Board of Warsaw Stock Exchange (WSE), the Bank’s shares have been listed on WSE and classified as finance – banking sector.

At 31 December 2019, the headcount of the Bank was 9,898.66 FTEs and 11,255.30 FTEs in the Group.

BNP Paribas is a universal commercial bank offering a wide range of banking services provided to individual and institutional clients in accordance with the scope of services specified in the Bank’s Statute. The Bank operates both in Polish zlotys and in foreign currencies and actively participates in trading on domestic and foreign financial markets. In addition, through its subsidiaries, the Group conducts brokerage and leasing activities and provides other financial services.

Composition of the Bank’s Management Board as at 31 December 2019:

 

Changes in the Bank’s Management Board in the period between 1 January and 31 December 2019:

• On 15 May 2019, Mr. Philippe Paul Bézieau submitted a resignation from the position of the Vice-President of the Management Board of the Bank, with the effect from 30 September 2019.
• On 15 May 2019, the Supervisory Board appointed Mr. Volodymyr Radin as the Vice-President of the Bank’s Management Board, with the effect from 1 October 2019 until the end of the current three-year joint term of office of the Bank’s Management Board members.
• On 12 December 2019, Mr. Daniel Astraud submitted a resignation from the position of the Vice-President of the Management Board of the Bank, with the effect from 31 December 2019.

Composition of the Bank’s Supervisory Board as at 31 December 2019:

 

Changes in the Supervisory Board of the Bank in the period between 1 January and 31 December 2019:

• On 27 June 2019, the Ordinary Meeting of the Bank appointed Mrs Magdalena Dziewguć as a Member of the Supervisory Board until the end of the current five-year joint term of office of the Supervisory Board members.
• On 8 November 2019, Mr Jacques d’Estais, Member of the Supervisory Board, submitted a resignation from the position of the Member of the Supervisory Board of the Bank.
• On 15 November 2019, the Extraordinary Meeting of the Bank appointed Mrs Sofia Merlo as a Member of the Supervisory Board until the end of the current five-year joint term of office of the Supervisory Board members.

BNP Paribas S.A. is an entity belonging to the BNP PARIBAS SA Capital Group with its registered office in Paris. As at 31 December 2019, the Group comprised BNP Paribas Bank Polska S.A., the parent, and its subsidiaries:

1. BANKOWY FUNDUSZ NIERUCHOMOŚCIOWY ACTUS SP. Z O.O. („ACTUS”)
2. BNP PARIBAS TOWARZYSTWO FUNDUSZY INWESTYCYJNYCH S.A. („TFI”)
3. BNP PARIBAS LEASING SERVICES SP. Z O.O. („LEASING”)
4. BNP PARIBAS GROUP SERVICE CENTER A.(„GSC”)
5. CAMPUS LESZNO SP. Z O.
6. BNP PARIBAS SOLUTIONS SPÓŁKA Z O.
7. BGZ POLAND ABS1 DAC („SPV”)

The Bank does not have any capital involvement in BGŻ Poland ABS1 DAC (SPV). The company is controlled by the Bank in connection with the control conditions contained in IFRS10.

On 29 March 2019 there was a merger of Bank’s subsidiaries i.e. Towarzystwo Funduszy Inwestycyjnych BGŻ BNP Paribas S.A. and Riviera Towarzystwo Funduszy Inwestycyjnych S.A., during which Riviera Towarzystwo Funduszy Inwestycyjnych S.A. was acquired by TFI BNP Paribas TFI S.A. Detailed description of the transaction presented in Note 54.

In December 2019 there was a merger of Bank’s subsidiaries i.e. BNP Paribas Financial Service Sp. z o.o. and BNP Paribas Group Service Center S.A., during which BNP Paribas Financial Service Sp. z o.o. was acquired by BNP Paribas Group Service Center S.A.

In accordance with IFRS requirements, the consolidated financial statements include all subsidiaries as at 31 December 2019.

Approval of the financial statements

The present consolidated financial statements have been prepared as at 31 December 2019 and approved for publication by the Management Board of the Bank on 02 March 2020.

Separate financial statements of BNP Paribas Bank Polska S.A. have been prepared as at 31 December 2019 and approved for publication by the Management Board of the Bank on 02 March 2020.

Data included in the above mentioned financial statements are presented for the financial year ended 31 December 2019 with comparative data for the financial year ended 31 December 2018.