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Organisation of the pko bank polski sa group

As at 31 December 2014, the PKO Bank Polski SA Group consisted of the Bank (the parent company) and 46 direct and indirect subsidiaries.

Entities included in the financial statements 

The consolidated financial data includes PKO Bank Polski SA – the parent company of the PKO Bank Polski SA Group and its subsidiaries as defined in IAS 27 ‘Consolidated and separate financial statements’.

Entities comprising the PKO Bank Polski SA Group

No.Entity nameHead officeBusiness activity

Share in the share capital

Consolidation method
(%)

Parent company
1. Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna
Direct subsidiaries
2. PKO Towarzystwo Funduszy Inwestycyjnych SA Warsaw investment fund management 100 full method
3. PKO BP BANKOWY PTE SA Warsaw pension fund management 100 full method
4. PKO Leasing SA  Łódź leasing services 100 full method
5. Bankowe Towarzystwo Kapitałowe SA Warsaw services 100 full method
6. PKO BP Finat Sp. z o.o. Warsaw services, including services supporting fund magagement 100 full method
7. PKO Życie Towarzystwo Ubezpieczeń SA Warsaw life insurance 100 full method
8. PKO Bank Hipoteczny SA Gdynia banking activities 100 full method
9. KREDOBANK SA Lviv, Ukraine banking activities 995.655 full method
10. Finansowa Kompania ‘Prywatne Inwestycje’ Sp. z o.o. 1 Kiev, Ukraine factoring 954.676 full method
11. ‘Inter-Risk Ukraina’ Additional Liability Company Kiev, Ukraine debt collection services 100 full method
12. PKO Finance AB Stockholm, Sweden financial services 100 full method
13. ‘CENTRUM HAFFNERA’ Sp. z o.o.  Sopot subsidiaries’ real estate  management 729.766 full method
14. Qualia Development Sp. z o.o.2 Warsaw real estate development 100 full method
15. Merkury – fiz an 3 Warsaw placements of funds collected from fund members 100 full method
Subsidiaries of PKO Leasing SA
16. PKO Bankowy Leasing Sp. z o.o. Łódź leasing services 100 full method 
17. PKO Leasing Sverige AB Stockholm, Sweden leasing services 100 full method
Subsidiary of Bankowe Towarzystwo Kapitałowe SA
18. PKO BP Faktoring SA4 Warsaw factoring 999.889 full method
Subsidiary of PKO Życie Towarzystwo Ubezpieczeń SA
19. Ubezpieczeniowe Usługi Finansowe Sp. z o.o. Warsaw services 100 full method
Subsidiary of KREDOBANK SA
20. Finansowa Kompania ‘Idea Kapitał’ Sp. z o.o. Lviv, Ukraine financial services 100 full method
Subsidiaries of Qualia Development Sp. z o.o. 5
21. Qualia Sp. z o.o. Warsaw general partner in limited parterships of the QDE Group entities 100 full method
22. Qualia spółka z ograniczoną odpowiedzialnością - Neptun Park Sp. k. Warsaw real estate development 999.975 full method
23. Qualia spółka z ograniczoną odpowiedzialnością - Sopot Sp. k. Warsaw real estate development 999.811 full method
24. Qualia spółka z ograniczoną odpowiedzialnością - Jurata Sp. k. Warsaw real estate development 999.770 full method
25. Qualia spółka z ograniczoną odpowiedzialnością - Nowy Wilanów Sp. k. Warsaw real estate development 999.750 full method
26. Qualia spółka z ograniczoną odpowiedzialnością - Zakopane Sp. k.  Warsaw real estate development 999.123 full method
27. Qualia spółka z ograniczoną odpowiedzialnością - Pomeranka Sp. k.  Warsaw real estate development 998.951 full method
28. Qualia spółka z ograniczoną odpowiedzialnością - Projekt 1 Sp. k. Warsaw real estate development 50 full method
29. Qualia spółka z ograniczoną odpowiedzialnością - Władysławowo Sp. k. Warsaw real estate development 50 full method
30. Qualia Hotel Management Sp. z o.o. Warsaw real estate development 100 full method
31. Qualia - Residence Sp. z o.o.  Warsaw real estate development 100 full method
32. Qualia - Rezydencja Flotylla Sp. z o.o.  Warsaw real estate development 100 full method
33. ‘Fort Mokotów Inwestycje’ Sp. z o.o. Warsaw real estate development 100 full method
34. Sarnia Dolina Sp. z o.o. Warsaw real estate development 100 full method
35. Giełda Nieruchomości Wartościowych Sp. z o.o. Warsaw intermediation in the sale of real estate 100 full method
36. ‘Fort Mokotów’ Sp. z o.o. in liquidation  Warsaw in liquidation 51 full method
Subsidiaries of ‘CENTRUM HAFFNERA’ Sp. z o.o.
37. ‘Sopot Zdrój’ Sp. z o.o. Sopot real estate management 100 full method
38. ‘Promenada Sopocka’ Sp. z o.o. Sopot rental services and real estate management 100 full method
39. ‘Centrum Majkowskiego’ Sp. z o.o. in liquidation Sopot in liquidation 100 full method
Subsidiaries of Merkury – fiz an
40. ‘Zarząd Majątkiem Górczewska’ Sp. z o.o. Warsaw real estate management 100 full method
41. Molina Sp. z o.o. Warsaw general partner in limited joint-stock partnership entities of the Fund 100 full method
42. Molina spółka z ograniczoną odpowiedzialnością 1 S.K.A. Warsaw purchase and sale of real estate on own account, real estate management 100 full method
43. Molina spółka z ograniczoną odpowiedzialnością 2 S.K.A. Warsaw purchase and sale of real estate on own account, real estate management 100 full method
44. Molina spółka z ograniczoną odpowiedzialnością 3 S.K.A. Warsaw purchase and sale of real estate on own account, real estate management 100 full method
45. Molina spółka z ograniczoną odpowiedzialnością 4 S.K.A. Warsaw purchase and sale of real estate on own account, real estate management 100 full method
46. Molina spółka z ograniczoną odpowiedzialnością 5 S.K.A. Warsaw purchase and sale of real estate on own account, real estate management 100 full method
47. Molina spółka z ograniczoną odpowiedzialnością 6 S.K.A. Warsaw purchase and sale of real estate on own account, real estate management 100 full method
  1. The second shareholder of the Company is ‘Inter-Risk Ukraina’ Additional Liability Company.
  2. In the financial statements the Company is recognised as non-current assets held for sale.
  3. The Fund was included in this statement as PKO Bank Polski SA owes investment certificates in the above mentioned Fund, which allows, according to IFRS, to exercise control over the Fund; share of owned Fund’s investment certificates is presented within share in share capital item.
  4. The second shareholder of the Company is PKO Bank Polski SA.
  5. In limited partnerships of the Qualia Development Group in the position of share in the capital, the total contributions made by the limited partner – Qualia Development Sp. z o.o. is presented
entities_comprising_the_pko_bank_polski_sa_gro.xlsx

Other subordinated entities included in the consolidated financial statements

No.Entity nameHead officeBusiness activityThe share in the share capitalConsolidation
method
(%)
Joint ventures
1. Centrum Elektronicznych Usług Płatniczych
eService Sp. z o.o. 		 Warsaw activities supporting financial services, including servicing of transactions made using payment instruments 34.00 equity method
2.  "Centrum Obsługi Biznesu” Sp. z o.o. Poznań hotel management 41.44 equity method
Associates
3. Bank Pocztowy SA Bydgoszcz banking activities 25.0001 equity method
4.  "Poznański Fundusz Poręczeń Kredytowych” Sp. z o.o. Poznań guarantees 33.33 equity method
Subsidiaries of Bank Pocztowy SA
5. Centrum Operacyjne Sp. z o.o. Bydgoszcz activities supporting financial services 100 equity method
6. Spółka Dystrybucyjna Banku Pocztowego Sp. z o.o. Warsaw intermediary financial services 100 equity method
other_subordinated_entities_included_in_the_consolidated_financial_statements.xlsx