If the leaks were true, it would be most surprising dismissal of recent years in the Polish business. Change at the helm of the largest Polish bank would be all the more shocking that in a few weeks, the election may result in a real carousel positions in all the boards of state-owned companies and the new president not long Porządzie.
According to information that reached “Puls Biznesu”, on Wednesday the supervisory board of the largest Polish bank PKO BP zdymisjonuje President Zbigniew Jagiello. Such a move the ministry may be surprising, especially given that even in February, the Ministry extended the contract with the president Jagiello two months before the end of the previous term, and the general meeting of shareholders against the same month the President granted discharge.
– Just do not get it . The Bank clearly changing for the better, also from the point of view of the customer. From the business side also I did not see any reason to justify such a decision. Plus the upcoming elections, which has a chance to win the PiS, can make the suggested new chairwoman long time in this position will remain – says Roman Przasnyski, an independent financial analyst.
Who can take over the reins?
According to sources, “Puls Biznesu”, the new president is to be Lucyna Stanczak-Wuczyńska, now director. financial institutions in the European Bank for Reconstruction and Development. Unfortunately we were unable to get in touch with a possible successor Jagiello directly, we received only response from the press office of the EBRD that the matter headmistress will not comment on it.
Lucyna Stanczak-Wuczyńska is not widely known in Polish business, but newspaper argues that for a long time her name appeared on an exchange potential candidates for senior positions in the public sector.
– do not know her accomplishments, but is the director of the EBRD and possibly someone came to the conclusion that such just the person would be easy and endure to carry out the project repolonizacji our banking sector, which is, after all, for political reasons is said to be more and more often. This is my only clue, and speculation on the reasons for such changes – says Przasnyski.
In his opinion, the political perception of such action would have been better if it actually experienced in the international financial institution manager negotiated the takeover by PKO BP of other banks. Przasnyski notes, however, that, and Jagiello was not seen as an opponent of the concept.
President Jagiello has something to be proud
Moreover, it was during his tenure there has been a takeover Nordea from the Swedish owner. In less than 3 billion assets of PKO BP increased to nearly 250 million zł. It is worth recalling that when the President Jagiello took over the rule in the largest Polish bank in 2009., This sum was lower by nearly 100 million zł.
It is worth remembering that since I Jagiello sits in the chair of the President of PKO BP, which he can boast of good financial results. In 2010 – the first in a whole already under the current president – the profit amounted to 3.2 billion zł. A year later, the bank earned a record 3.8 billion zł, and last year 3.2 billion zł again.
As noted by “Puls Biznesu”, PKO BP owes Jagiello also organize Kredobank situation in Ukraine, which should be to a group of Swedish companies start offering leasing Solarisowi, rejuvenate the offer and launch a smartphone payment app.
Exchange does not respond, the ministry does not comment
Not much on press speculation the bank wants to speak for itself. Luke Świerżewski performing the functions of corporate communications department director reported money.pl that – the Bank does not comment on media reports related to possible changes in the board.
Similarly, also acted SMEs, which by far declined to comment and directed us to this question PKO BP.
For the information did not react well as the exchange of shares. They lose just after noon. 15:00 0.7 percent, which does not differ from the average by quotations of other companies in the sector. A similar scale of decline presents mBank and Bank of Environmental Protection, and even more so down goes the valuation of Getin Noble Bank.
According to the informant, “PB” a possible reason for the decision of the Ministry of Treasury Ministry may be lost at the last general meeting of the bank, where there We managed to push through changes in receiving the President of competence in the field of freedom when selecting board members. Resort planned that after these changes would have an impact on the supervisory board. – It is not quite so serious a short circuit that could cause the cancellation of Jagiello – says Roman Przasnyski.
From the opinion of the government of PKO BP, however, must count, because that’s what the Treasury is the largest shareholder in the bank. It has a 31.39 percent stake in the company. It also has a significant advantage because it is the second-OFE Nationale-Nederlanden with a 6.72-percent share.
The final decision to appeal belongs to the 9-person supervisory board. Appointing and dismissing the President can only take place by secret ballot. It is also possible resignation of the president.
If Lucyna Stanczak-Wuczyńska actually was the new head of the largest Polish bank is unlikely to complain about the salary. Last year, the president of PKO BP earned $ 3 million 112 thousand dollars. Monthly giving is almost 260,000, respectively.
See also, how much they earn other bank governors:
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