GDANSK (Reuters) – Poland’s Bank Pekao is targeting a return on equity of more then 18% by the end of 2027 as part of its new strategy, the country’s second-biggest lender said on Monday.
That compares to a ROE target of around 10% under the bank’s previous three-year strategy through 2024, which it exceeded by achieving a return of 21.2% by the end of last year.
Under the new strategy, the bank intends to allocate between 50% and 75% of its profits from 2025 to 2027 for dividend payments.
(Reporting by Rafal W. Nowak and Julia Kotowska; Editing by Tomasz Janowski)
