PKO BP expects lower revenues from commissions and fees – Puls Biznesu

“In the last 5 years the result of the bank’s fee and commission income remained at a similar level or even be reduced. The Bank does not expect a growth in revenues from commissions and fees in 2016. Due to the growing number of customers means a decrease Fee and commission income per customer “- reads the release.

PKO BP recorded a decline in margins commission, which gets lower and lower fees from customer per transaction and an increase in the bank’s results is the result of business growth. The decrease in fees is very important – in the last 5 years they have fallen by more than half, he has also given the bank.

According to PKO BP, the current changes in the tariff of fees and charges are routine in the business process of each bank. They are used to adapt the services provided to the customers’ preferences and the current market situation. “Changes are made on average once a year, as a result of market analysis, competitive offer of PKO Bank Polish. In 2011 took place in November, 2012 – September, 2013 – August, 2014 – in October, and in 2015 – in May . In 2016 a change in the tariff will come into force on 1 May “- reads.
The Bank emphasizes that the current tariff change is not related to tax assets introduced by the Law of January 15, as changes in previous years were not dictated tax regulations. The resolution of the bank concerning its introduction has been taken in December 2015, has no plans to enter each change in the tariff of fees and charges in the current year.

“The current changes in the structure of the fees will not lead to increased costs for customers with active the use of modern services offered by PKO Polish Bank. Put like that, the changes are in no way related to the bank tax, “- said vice-president responsible for retail banking PKO BP Jacek Obłękowski, quoted in the release.

PKO Polish Bank serves 8.8 million individual customers. These changes slightly primary concern now offer addressed to the customers: the most popular personal accounts and debit cards and mortgage loans and cash loans. As a result, they will cover about 20% of individual clients.

“The planned changes focus primarily on services, which have their equivalents available free of charge in the channels promoted, among others, in the context of electronic banking or mobile. They are To encourage customers to take advantage of the current proposals for a bank product, which can cause a drop in rates or even lack their collection “- summed up the bank.

PKO Polish Bank is a leader in the Polish banking sector. The bank’s shares since November 2004. Are listed on the Warsaw Stock Exchange. Total assets of the bank amounted to 248.7 billion zł at the end of 2014.