SEPARATE FINANCIAL STATEMENTS OF BNP PARIBAS BANK POLSKA S.A. for the year ended 31 December 2024
The bank
for a changing world
2
This document is a translation from the original Polish version. In case of any discrepancies between the Polish and
English versions, the Polish version shall prevail
TABLE OF CONTENTS
SELECTED SEPARATE FINANCIAL DATA ................................................................................................................. 5
SEPARATE STATEMENT OF PROFIT OR LOSS ........................................................................................................ 6
SEPARATE STATEMENT OF OTHER COMPREHENSIVE INCOME .......................................................................... 7
SEPARATE STATEMENT OF FINANCIAL POSITION ................................................................................................. 8
SEPARATE STATEMENT OF CHANGES IN EQUITY ................................................................................................. 9
SEPARATE STATEMENT OF CASH FLOWS ............................................................................................................ 11
EXPLANATORY NOTES TO THE SEPARATE FINANCIAL STATEMENTS ............................................................. 13
1. GENERAL INFORMATION ABOUT THE BANK ................................................................................................... 13
2. ACCOUNTING PRINCIPLES APPLIED FOR THE PURPOSE OF PREPARATION OF THE SEPARATE
FINANCIAL STATEMENTS ......................................................................................................................................... 15
2.1. Basis for preparation of the separate financial statements ................................................................................................. 15
2.2. Going concern .................................................................................................................................................................... 15
2.3. Statement of compliance with IFRS ................................................................................................................................... 15
2.4. Changes in accounting policies and changes in presentation of financial data .................................................................. 18
2.5. Measurement of items denominated in foreign currencies ................................................................................................. 18
2.6. Interest income and expenses ............................................................................................................................................ 18
2.7. Fee and commission income .............................................................................................................................................. 18
2.8. Dividend income ................................................................................................................................................................. 20
2.9. Net trading income ............................................................................................................................................................. 20
2.10. Result on investment activities ........................................................................................................................................... 20
2.11. Result from derecognition of financial assets measured at amortized cost due to material modification ........................... 20
2.12. Result from legal risk related to foreign currency loans ...................................................................................................... 20
2.13. Other operating income and expenses ............................................................................................................................... 21
2.14. Income tax expense ........................................................................................................................................................... 21
2.15. Bank tax ............................................................................................................................................................................. 21
2.16. Classification and measurement of financial assets and liabilities ..................................................................................... 21
2.17. Intangible assets................................................................................................................................................................. 25
2.18. Property, plant and equipment ........................................................................................................................................... 26
2.19. Hedge accounting............................................................................................................................................................... 26
2.20. Provisions ........................................................................................................................................................................... 27
2.21. Leases ................................................................................................................................................................................ 28
2.22. Financial guarantees .......................................................................................................................................................... 29
2.23. Employee benefits .............................................................................................................................................................. 29
2.24. Capital ................................................................................................................................................................................ 30
2.25. Issuance of AT1 Capital Bonds .......................................................................................................................................... 30
2.26. Custody operations............................................................................................................................................................. 30
2.27. Cash and cash equivalent .................................................................................................................................................. 31
3. ESTIMATES AND JUDGEMENTS ......................................................................................................................... 31
4. NET INTEREST INCOME ....................................................................................................................................... 43
5. NET FEE AND COMMISSION INCOME ................................................................................................................. 44
6. DIVIDEND INCOME ................................................................................................................................................ 45
7. NET TRADING INCOME (INCLUDING RESULT ON FOREIGN EXCHANGE) ..................................................... 45
8. RESULT ON INVESTMENT ACTIVITIES ............................................................................................................... 45
9. NET IMPAIRMENT ALLOWENCES ON FINANCIAL ASSETS AND PROVISON ON CONTINGENT LIABILITIES
................................................................................................................................................................................ 46
10. GENERAL ADMINISTRATIVE COSTS .................................................................................................................. 47
SEPARATE FINANCIAL STATEMENTS OF BNP PARIBAS BANK POLSKA S.A. for the year ended 31 December 2024
The bank
for a changing world
3
11. PERSONNEL EXPENSES ...................................................................................................................................... 47
12. DEPRECIATION AND AMORTISATION ................................................................................................................ 48
13. OTHER OPERATING INCOME .............................................................................................................................. 48
14. OTHER OPERATING EXPENSES ......................................................................................................................... 48
15. INCOME TAX EXPENSE ........................................................................................................................................ 49
16. EARNING PER SHARE .......................................................................................................................................... 49
17. CASH AND CASH BALANCES AT CENTRAL BANK .......................................................................................... 50
18. AMOUNT DUE FROM OTHER BANKS ................................................................................................................. 51
19. DERIVATIVE FINANCIAL INSTRUMENTS ............................................................................................................ 52
20. HEDGE ACCOUNTING .......................................................................................................................................... 55
21. LOANS AND ADVANCES TO CUSTOMERS MEASURED AT AMORTISED COST ............................................ 60
22. LOANS AND ADVANCES TO CUSTOMERS MEASURED AT FAIR VALUE THROUGH PROFIT OR LOSS .... 66
23. SECURITIES MEASURED AT AMORTISED COST .............................................................................................. 67
24. SECURITIES MEASURED AT FAIR VALUE THROUGH PROFIT OR LOSS ....................................................... 69
25. SECURITIES MEASURED AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME ......................... 70
26. INVESTMENTS IN SUBSIDIARIES ........................................................................................................................ 71
27. INTANGIBLE ASSETS ........................................................................................................................................... 71
28. PROPERTY, PLANT AND EQUIPMENT ................................................................................................................ 74
29. LEASES .................................................................................................................................................................. 77
30. OTHER ASSETS .................................................................................................................................................... 79
31. AMOUNTS DUE TO OTHER BANKS .................................................................................................................... 79
32. AMOUNTS DUE TO CUSTOMERS ........................................................................................................................ 80
33. SUBORDINATED LIABILITIES .............................................................................................................................. 80
34. OTHER LIABILITIES .............................................................................................................................................. 81
35. PROVISIONS .......................................................................................................................................................... 81
36. DEFERRED INCOME TAX ..................................................................................................................................... 83
37. DISCONTINUED OPERATIONS ............................................................................................................................ 84
38. SHARE BASED PAYMENTS ................................................................................................................................. 84
39. CONTINGENT LIABILITIES ................................................................................................................................... 87
40. COLLATERALS ..................................................................................................................................................... 87
41. FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES ................................................................................... 88
42. LOAN PORTFOLIO SALE ...................................................................................................................................... 94
43. SECURITIZATION .................................................................................................................................................. 94
44. CUSTODY OPERATIONS ...................................................................................................................................... 94
45. THE SHAREHOLDER’S STRUCTURE OF BNP PARIBAS BANK POLSKA S.A. ............................................... 95
46. SUPLEMENTARY CAPITAL AND OTHER CAPITALS ......................................................................................... 96
47. DIVIDENDS PAID ................................................................................................................................................... 98
48. DISTRIBUTION OF RETAINED EARNINGS .......................................................................................................... 98
49. CASH AND CASH EQUIVALENTS ........................................................................................................................ 98
50. ADDITIONAL INFORMATION REGARDING THE STATEMENT OF CASH FLOWS ........................................... 98
SEPARATE FINANCIAL STATEMENTS OF BNP PARIBAS BANK POLSKA S.A. for the year ended 31 December 2024
The bank
for a changing world
4
51. RELATED PARTY TRANSACTIONS ..................................................................................................................... 99
52. OPERATING SEGMENTS .................................................................................................................................... 102
53. LITIGATION, CLAIMS AND ADMINISTRATIVE PROCEEDINGS ....................................................................... 106
54. FINANCIAL RISK MANAGEMENT ...................................................................................................................... 116
54.1. Financial instrument strategy ............................................................................................................................................ 116
54.2. Credit risk ......................................................................................................................................................................... 116
54.3. Counterparty risk .............................................................................................................................................................. 126
54.4. Market risk (interest rate risk in the trading book and currency risk) ................................................................................ 127
54.5. Interest rate risk in the banking portfolio (ALM Treasury) ................................................................................................. 129
54.6. Liquidity risk ...................................................................................................................................................................... 133
54.7. Operational risk ................................................................................................................................................................ 137
55. CAPITAL ADEQUACY MANAGEMENT .............................................................................................................. 139
56. MAJOR EVENTS IN BNP PARIBAS BANK POLSKA S.A. IN 2024 ................................................................... 142
57. SUBSEQUENT EVENTS ...................................................................................................................................... 145
SIGNATURES OF THE MANAGEMENT BOARD MEMBERS OF BNP PARIBAS BANK POLSKA S.A. ............... 147
SEPARATE FINANCIAL STATEMENTS OF BNP PARIBAS BANK POLSKA S.A. for the year ended 31 December 2024
The bank
for a changing world
5
SELECTED SEPARATE FINANCIAL DATA
Selected separate financial data
in PLN’000
in PLN’000
in EUR’000
in EUR’000
Statement of profit or loss
12 months
to 31.12.2024
12 months
to 31.12.2023
12 months
to 31.12.2024
12 months
to 31.12.2023
Net interest income
4
5,631,813
5,126,329
1,308,446
1,132,040
Net fee and commission income
5
1,202,511
1,161,271
279,381
256,442
Profit before tax
2,903,639
1,753,175
674,606
387,151
Profit after tax
2,320,798
1,007,828
539,194
222,557
Total comprehensive income
2,346,678
1,590,864
545,207
351,308
Statement of cash flows
12 months
to 31.12.2024
12 months
to 31.12.2023
12 months
to 31.12.2024
12 months
to 31.12.2023
Total net cash flows
2,408,579
2,674,665
559,588
590,642
Ratios
31.12.2024
31.12.2023
31.12.2024
31.12.2023
Number of shares (items)
45
147,799,870
147,676,946
147,799,870
147,676,946
Earnings per share
16
15.71
6.83
3.65
1.51
Statement of financial position
31.12.2024
31.12.2023
31.12.2024
31.12.2023
Total assets
163,087,501
156,388,399
38,166,979
35,967,893
Loans and advances to customers measured at
amortised cost
21
81,189,258
81,137,225
19,000,528
18,660,815
Loans and advances to customers measured at
fair value through profit or loss
22
452,506
653,582
105,899
150,318
Total liabilities
147,775,592
143,575,690
34,583,569
33,021,088
Amounts due to customers
32
130,830,128
127,134,065
30,617,863
29,239,665
Share capital
45
147,800
147,677
34,589
33,964
Total equity
15,311,909
12,812,709
3,583,410
2,946,805
Capital adequacy
31.12.2024
31.12.2023
31.12.2024
31.12.2023
Total own funds
15,916,910
14,928,863
3,724,996
3,433,501
Total risk exposure
90,554,074
86,385,831
21,192,154
19,867,946
Total capital ratio
17.58%
17.28%
17.58%
17.28%
Tier 1 capital ratio
14.10%
12.97%
14.10%
12.97%
For purposes of data conversion into EUR, the following exchange rates are used by the Bank:
For items of the statement of financial position, rates of the National Bank of Poland are applied::
● as at 31.12.2024 - 1 EUR = 4.2730 PLN
● as at 31.12.2023 - 1 EUR = 4.3480 PLN
For items of the statement of profit or loss and the statement of cash flows, the EUR exchange rate is calculated as the arithmetic
mean of the rates published by the National Bank of Poland as at the last day of each month in the period:
● for the period from 1.01.2024 to 31.12.2024 - 1 EUR = 4.3042 PLN
● for the period from 1.01.2023 to 31.12.2023 - 1 EUR = 4.5284 PLN
Calculation of earnings (loss) per share was described in Note 16.
SEPARATE FINANCIAL STATEMENTS OF BNP PARIBAS BANK POLSKA S.A. for the year ended 31 December 2024
The bank
for a changing world
6
SEPARATE STATEMENT OF PROFIT OR LOSS
Note
12 months to
31.12.2024
12 months to
31.12.2023
Interest income
4
9,905,437
9,441,085
Interest income calculated with the use of effective interest rate
method
8,981,723
8,938,972
interest income on financial instruments measured at
amortised cost
8,131,361
8,280,945
interest income on financial instruments measured at fair
value through other comprehensive income
850,362
658,027
Income of a similar nature to interest on instruments measured
at fair value through profit or loss
923,714
502,113
Interest expense
4
(4,273,624)
(4,314,756)
Net interest income
5,631,813
5,126,329
Fee and commission income
5
1,481,276
1,426,873
Fee and commission expenses
5
(278,765)
(265,602)
Net fee and commission income
1,202,511
1,161,271
Dividend income
13,147
10,881
Net trading income (of which exchange result)
7
841,037
951,591
Result on investment activities
8
14,374
11,863
Result on hedge accounting
20
1,946
(30,939)
Result on derecognition of financial assets measured at amortized
cost due to significant modification
(11,569)
4,190
Net allowances on expected credit losses of financial assets and
provisions for contingent liabilities
9
(225,350)
(22,570)
Result on legal risk related to foreign currency loans
53
(795,728)
(1,978,086)
General administrative expenses
10
(2,717,137)
(2,522,978)
Depreciation and amortization
12
(514,858)
(456,655)
Other operating income
13
116,630
142,828
Other operating expenses
14
(248,206)
(232,897)
Operating result
3,308,610
2,164,828
Tax on financial institutions
(404,971)
(411,653)
Profit before tax
2,903,639
1,753,175
Income tax expenses
15
(582,841)
(745,347)
Net profit
2,320,798
1,007,828
attributable to equity holders of the Group
2,320,798
1,007,828
Earnings (loss) per share (in PLN per one share)
Basic
15.71
6.83
Diluted
15.69
6.82
SEPARATE FINANCIAL STATEMENTS OF BNP PARIBAS BANK POLSKA S.A. for the year ended 31 December 2024
The bank
for a changing world
7
SEPARATE STATEMENT OF OTHER COMPREHENSIVE
INCOME
Note
12 months ended
31.12.2024
12 months ended
31.12.2023
Net profit for the period
2,320,798
1,007,828
Other comprehensive income
Items that may be reclassified subsequently to profit or loss upon
fulfilment of certain conditions
27,255
584,151
Measurement of financial assets measured at fair value through other
comprehensive income, gross
25
43,787
653,872
Deferred income tax on the valuation of gross financial assets
measured through other comprehensive income
36
(8,320)
(124,236)
Measurement of cash flow hedge accounting derivatives
20
(10,138)
67,303
Deferred income tax on valuation of gross derivatives hedging cash
flows
36
1,926
(12,788)
Items that will not be reclassified to profit or loss
(1,375)
(1,115)
Actuary valuation of employee benefits
3e
(1,698)
(1,377)
Deferred income tax on actuarial valuation of gross personnel expenses
36
323
262
Other comprehensive income (net)
25,880
583,036
Total comprehensive income
2,346,678
1,590,864
attributable to equity holders of the Bank
2,346,678
1,590,864
SEPARATE FINANCIAL STATEMENTS OF BNP PARIBAS BANK POLSKA S.A. for the year ended 31 December 2024
The bank
for a changing world
8
SEPARATE STATEMENT OF FINANCIAL POSITION
ASSETS
Note
31 December 2024
31 December 2023
Cash and balances at Central Bank
17
11,325,551
6,883,582
Amounts due from banks
18
7,789,297
17,890,698
Derivative financial instruments
19
2,440,116
3,146,745
Differences from hedge accounting
20
230,658
94,496
Loans and advances to customers measured at amortised cost
21
81,189,258
81,137,225
Loans and advances to customers measured at fair value through profit
or loss
22
452,506
653,582
Securities measured at amortised cost
23
32,364,550
26,246,278
Securities measured at fair value through profit or loss
24
320,925
290,887
Securities measured at fair value through other comprehensive income
25
23,027,454
16,634,303
Investments in subsidiaries
26
108,426
118,726
Intangible assets
27
978,163
940,082
Property, plant and equipment
28
946,796
959,737
Deferred tax assets
36
685,634
608,064
Other assets
30
1,228,167
783,994
Total assets
163,087,501
156,388,399
LIABILITIES
31 December 2024
31 December 2023
Amounts due to other banks
31
5,757,872
4,571,172
Derivative financial instruments
19
2,311,741
2,865,275
Differences from hedge accounting
20
260,025
(7,365)
Amounts due to customers
32
130,830,128
127,134,065
Subordinated liabilities
33
3,420,128
4,336,072
Leasing liabilities
29
606,204
626,174
Other liabilities
34
2,262,300
2,133,200
Current tax liabilities
358,468
376,736
Provisions
35
1,968,726
1,540,361
Total liabilities
147,775,592
143,575,690
EQUITY
31 December 2024
31 December 2023
Share capital
45
147,800
147,677
Supplementary capital
46
9,110,976
9,110,976
Other reserve capital
46
4,024,205
3,513,978
AT1 Capital bonds
46
650,000
-
Revaluation reserve
46
(541,084)
(566,964)
Retained earnings
1,920,012
607,042
retained profit
(400,786)
(400,786)
net profit for the period
2,320,798
1,007,828
Total equity
15,311,909
12,812,709
Total liabilities and equity
163,087,501
156,388,399
SEPARATE FINANCIAL STATEMENTS OF BNP PARIBAS BANK POLSKA S.A. for the year ended 31 December 2024
The bank
for a changing world
9
SEPARATE STATEMENT OF CHANGES IN EQUITY
Retained earnings
Share capital
Supplementary
capital
Other reserve
capital
AT1 Capital
bonds
Revaluation
reserve
Retained profit
Net profit for
the period
Total
Balance as at 1 January 2024
147,677
9,110,976
3,513,978
-
(566,964)
(400,786)
1,007,828
12,812,709
Total comprehensive income for the period
-
-
-
-
25,880
-
2,320,798
2,346,678
Net profit for the period
-
-
-
-
-
-
2,320,798
2,320,798
Other comprehensive income for the period
-
-
-
-
25,880
-
-
25,880
Distribution of retained earnings
-
-
503,830
-
-
-
(1,007,828)
(503,998)
Distribution of retained earnings intended for
capital
-
-
503,830
-
-
-
(503,830)
-
Dividends paid out
-
-
-
-
-
-
(503,998)
(503,998)
Share issue
123
-
-
-
-
-
-
123
Series share issue
123
-
-
-
-
-
-
123
AT1 Capital bonds issue
-
-
-
650,000
-
-
-
650,000
Management stock options*
-
-
6,397
-
-
-
-
6,397
Balance as at 31 December 2024
147,800
9,110,976
4,024,205
650,000
(541,084)
(400,786)
2,320,798
15,311,909
* the management stock option programme is described in Note 38.
SEPARATE FINANCIAL STATEMENTS OF BNP PARIBAS BANK POLSKA S.A. for the year ended 31 December 2024
The bank
for a changing world
10
Retained earnings
Share capital
Supplementary
capital
Other reserve
capital
AT1 Capital
bonds
Revaluation
reserve
Retained profit
Net profit for
the period
Share capital
Balance as at 1 January 2023
147,593
9,110,976
3,136,599
-
(1,150,000)
(400,786)
370,892
11,215,274
Total comprehensive income for the period
-
-
-
-
583,036
-
1,007,828
1,590,864
Net profit for the period
-
-
-
-
-
-
1,007,828
1,007,828
Other comprehensive income for the period
-
-
-
-
583,036
-
-
583,036
Distribution of retained earnings
-
-
370,892
-
-
-
(370,892)
-
Distribution of retained earnings intended for
capital
-
-
370,892
-
-
-
(370,892)
-
Share issue
84
-
-
-
-
-
-
84
Management stock options*
-
-
6,487
-
-
-
-
6,487
Balance as at 31 December 2023
147,677
9,110,976
3,513,978
-
(566,964)
(400,786)
1,007,828
12,812,709
* the management stock option programme is described in Note 38.
SEPARATE FINANCIAL STATEMENTS OF BNP PARIBAS BANK POLSKA S.A. for the year ended 31 December 2024
The bank
for a changing world
11
SEPARATE STATEMENT OF CASH FLOWS
CASH FLOWS FROM OPERATING ACTIVITIES:
Note
12 months
ended 31.12.2024
12 months
ended 31.12.2023
Net profit (loss)
2,320,798
1,007,828
Adjustments for:
13,650,517
4,949,423
Income tax expenses
582,841
745,347
Depreciation and amortization
12
514,858
456,655
Dividend income
6
(13,147)
(10,881)
Interest income
4
(9,905,437)
(9,441,085)
Interest expense
4
4,273,624
4,314,756
Change in provisions
426,667
(684,307)
Change in amounts due from banks
50
8,065,054
(7,670,167)
Change in assets due to derivative financial instruments
570,467
16,056
Change in loans and advances to customers measured at amortised
cost
50
(117,129)
2,756,163
Change in loans and advances to customers measured at fair value
through profit or loss
201,076
295,716
Change in amounts due to banks
50
(113,260)
2,749,344
Change in liabilities due to derivative financial instruments
(296,282)
229,004
Change in amounts due to customers
50
3,781,045
6,602,512
Change in other assets and deferred tax assets
(431,136)
133,198
Change in other liabilities and current income tax liabilities
134,307
(232,760)
Other adjustments
50
(59,943)
(303,873)
Interest received
10,124,278
9,712,055
Interest paid
(4,090,806)
(4,203,658)
Tax paid
(683,561)
(513,539)
Leasing fees for short-term leases not included in the valuation of the
liability
(1,041)
(1,113)
Net cash flows from operating activities
15,283,273
5,957,251
SEPARATE FINANCIAL STATEMENTS OF BNP PARIBAS BANK POLSKA S.A. for the year ended 31 December 2024
The bank
for a changing world
12
CASH FLOWS FROM INVESTING ACTIVITIES:
12 months
ended 31.12.2024
12 months
ended 31.12.2023
Inflows
241,785,413
182,009,211
Sale of debt securities
241,748,903
181,983,702
Sale of intangible assets and property, plant and equipment
13,063
14,628
Dividends received and other investment income
13,147
10,881
Disposal of shares in subsidiaries and liquidation of subsidiaries
10,300
-
Outflows
(254,811,674)
(185,152,254)
Purchase of securities
(254,347,370)
(184,707,582)
Purchase of intangible assets and property, plant and equipment
(464,304)
(444,672)
Net cash flows from investing activities
(13,026,261)
(3,143,043)
CASH FLOWS FROM FINANCING ACTIVITIES:
12 months
ended 31.12.2024
12 months
ended 31.12.2023
Inflows
1,945,797
1,784
Borrowing of long-term loans received and subordinated liabilities
1,295,674
-
AT1 Capital bonds
650,000
-
Net inflows from issuance of shares and return of capital contributions
123
1,784
Outflows
(1,794,230)
(141,327)
Repayment of long-term loans received and subordinated liabilities
(1,148,623)
(369)
Repayment of leasing liabilities
(141,609)
(140,958)
Dividends paid out
(503,998)
-
Net cash flows from financing activities
151,567
(139,543)
TOTAL NET CASH AND CASH EQUIVALENTS
2,408,579
2,674,665
Cash and cash equivalents at the beginning of the period
15,801,272
13,126,607
Cash and cash equivalents at the end of the period
49
18,209,851
15,801,272
Effect of exchange rate fluctuations on cash and cash equivalents
(91,498)
(106,132)
SEPARATE FINANCIAL STATEMENTS OF BNP PARIBAS BANK POLSKA S.A. for the year ended 31 December 2024
The bank
for a changing world
13
EXPLANATORY NOTES TO THE SEPARATE FINANCIAL
STATEMENTS
1. GENERAL INFORMATION ABOUT THE BANK
BNP Paribas Bank Polska S.A. (the “Bank” or “BNP Paribas”) is the parent company in the Capital Group of BNP Paribas Bank
Polska S.A. (the “Group”).
The registered office of BNP Paribas Bank Polska S.A. is located at Marcin Kasprzak Street 2, 01-211 Warsaw, Poland. The Bank
is registered in Poland, by the District Court for the capital city of Warsaw, 13th Commercial Division of the National Court Register,
under number KRS 0000011571. The duration of the parent entity and the entities from the Capital Group is unlimited.
Since 27 May 2011, pursuant to the decision of the Management Board of Warsaw Stock Exchange (WSE), the Bank's shares
have been listed on WSE and classified as finance - banking sector.
As at 31 December 2024, the headcount of the Bank amounted to 7,746 FTEs, as compared to 8,037 FTEs as at
31 December 2023.
BNP Paribas is a universal commercial bank offering a wide range of banking services provided to individual and institutional
clients in accordance with the scope of services specified in the Bank's Statute. The Bank operates both in Polish zlotys and in
foreign currencies and actively participates in trading on domestic and foreign financial markets. In addition, through its
subsidiaries, the Bank conducts brokerage and leasing activities and provides other financial services.
The Bank operates mainly in Poland.
Composition of the Bank’s Management Board as of 31 December 2024:
FULL NAME
FUNCTION HELD IN THE MANAGEMENT BOARD OF THE BANK
Przemysław Gdański
President of the Management Board
André Boulanger
Vice-President of the Management Board
Małgorzata Dąbrowska
Vice-President of the Management Board
Wojciech Kembłowski
Vice-President of the Management Board
Piotr Konieczny
Vice-President of the Management Board
Magdalena Nowicka
Vice-President of the Management Board
Volodymyr Radin
Vice-President of the Management Board
Agnieszka Wolska
Vice-President of the Management Board
There were no changes to the composition of the Bank's Management Board in the period of 1 January - 31 December 2024.
On 29 February 2024, the Supervisory Board adopted a resolution to set the number of members of the Bank's Management Board
for the new term of office at eight and appointed the Management Board for a new three-year term of office with its current
composition.
SEPARATE FINANCIAL STATEMENTS OF BNP PARIBAS BANK POLSKA S.A. for the year ended 31 December 2024
The bank
for a changing world
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