Integrated Report 2021

59. Subsequent events


Extraordinary General Shareholders Meeting – adoption of resolutions, inter alia, on

•    adoption for application by the Bank of the rules contained in „Code of Best Practice for WSE Listed Companies 2021”,

•    adoption of the Policy for appointing and dismissing members of the Bank’s Supervisory Board and the Policy for assessing the adequacy of the Bank’s Supervisory Board members,

•    amendments to the Bank’s Statutes and adoption of the Regulations of the General Meeting.


Rating of the Bank by Fitch Ratings

•    Long-Term Issuer Default Rating (IDR) at „A+” with a stable outlook,

•    Viability Rating (VR) at „bbb-”,

•    Shareholder Support Rating (SSR) at „a+”.


Liquidation of subsidiary BFN ACTUS Sp. z o.o.

On 28 January 2022 the Extraordinary Shareholders’ Meeting of BFN ACTUS Sp. z o.o. adopted a resolution to dissolve the company by way of liquidation. As of 1 February 2022, the company changed its name to Bankowy Fundusz Nieruchomościowy Actus Sp. z o.o. in liquidation.


Additional capital charge imposed by the Financial Supervision Authority under Pillar II (P2G)

PFSA recommended the Bank to maintain at the separate and consolidated level own funds to cover the additional capital charge (P2G) of 0.61 p.p. in order to absorb potential losses resulting from stress events.


Liquidation of subsidiary BNP Paribas Solution Sp. z o.o.

On 1 March 2022, the Extraordinary Meeting of Shareholders of BNP Paribas Solutions sp. z.o.o. adopted a resolution to start the liquidation process of the Company.


Due to the political and economic situation in Ukraine, the Management Board of the Bank monitors the impact of the conflict on the Bank’s operations and its financial results on an ongoing basis. In the Bank’s opinion, this event had no impact on the Bank’s financial statements for the year ended December 31, 2021. The analysis covers the risk of further escalation of the dispute and the possible introduction of further economic sanctions. As at the date of publication of this report, the scale of the impact of the events in Ukraine on the global economy and Poland is not known, therefore it is not possible to assess the potential impact on the Bank’s operations and results in subsequent periods.

Search results