Poll

Letter from the Chairman of the Supervisory Board

przewodniczacy_rady_190x235.jpgDear Sirs and Madams,

The annual report presents financial performance of the Bank Pocztowy S.A. Capital Group in 2013, i.e. in the period that proved challenging for the entire economy. Significantly, the Group reported satisfactory financial performance, including the second highest net profit since the beginning of its operations.

Such results were possible thanks to a very good business performance – dynamic acquisition of new clients, opening new accounts, sale of credit facilities and deposits, which, to a large extent, results from strategic partnership with the Poczta Polska Capital Group. Dynamic growth of the Capital Group in line with the strategy followed for the last three year was combined with the Group’s responsibility for capital ratios, which are of key importance for the security of the enterprise and its clients, and was reinforced by a rational approach to costs and necessary investment projects.

The development of the Bank Pocztowy S.A. Capital Group is achieved through persistent implementation of the strategy focused an effective use of a wide distribution network of Poczta Polska, its key stakeholder. Not only is Poczta Polska the majority shareholder of the Bank, but it is also its business partner. Consequently, the Group may offer its products to millions of residents of smaller towns and hundreds of thousands small local firms. Carrying out its social mission to provide equal access to financial services for all Poles, irrespective of their place of residence, the Group offered its products and services though several thousand of offices of Poczta Polska operating countrywide, 295 own sales points and electronic distribution channels (online or telephone banking), mobile agents, postmen and other agents. The extensive network provides easy access to banking products countrywide and constitutes a considerable competitive advantage for the Bank Pocztowy Capital Group.

Significantly, the information summarizing the activities of the Bank Pocztowy S.A. Capital Group in 2013 presented in the report confirm effectiveness of its operations and a considerable potential offered by postal banking. Postal banking is a well-tried business model fairly widespread globally, based on a strategic partnership of the post and the bank assuming creation of own bank controlled by the post. That is why the recent immense success of postal banks operating worldwide can also be enjoyed by Bank Pocztowy locally.

I am sure that in 2014 the Group will pursue its ambitious goals in customer acquisition, distribution network expansion and that it will generate the expected excellent financial performance.

Best regards,

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Jerzy Jóźkowiak
Chairman of the Supervisory Board of Bank Pocztowy S.A.

Annual Report 2013 - Bank Pocztowy