DOCSLIB.ORG

The PKO Bank Polski SA Group Directors' Report for the Year 2012

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
The PKO Bank Polski SA Group Directors' Report for the Year 2012 This document is a translation of a document originally issued in Polish. The only binding version is the original Polish version. The PKO Bank Polski SA Group Directors’ Report for the year 2012 Report publication date: 4 March 2013 This document is a translation of a document originally issued in Polish. The only binding version is the original Polish version. THE PKO BANK POLSKI SA GROUP DIRECTORS’ REPORT FOR THE YEAR 2012 Table of contents 1. Introduction..................................................................................................................................................................................................4 1.1 The PKO Bank Polski SA Group – historical background..................................................................................................................................................................................4 1.2 Selected financial data of the PKO Bank Polski SA Group in years 2009-2012..................................................................................................................................5 1.3 Characteristics of the PKO Bank Polski SA Group activity..............................................................................................................................................................................5 1.4 Selected financial data of the PKO Bank Polski SA Group...............................................................................................................................................................................6 1.5 The PKO Bank Polski SA Group against its peer group.....................................................................................................................................................................................7 2. External business environment..........................................................................................................................................................8 2.1 Macroeconomic environment..........................................................................................................................................................................................................................................8 2.2 Stock market..............................................................................................................................................................................................................................................................................9 2.3 Foreign exchange market...................................................................................................................................................................................................................................................9 2.4 Interest rate market...............................................................................................................................................................................................................................................................9 2.5 The situation of the Polish banking sector................................................................................................................................................................................................................9 2.6 The situation of the Polish non-banking sector...................................................................................................................................................................................................10 2.7 The Ukrainian market.........................................................................................................................................................................................................................................................11 2.8 Regulatory environment...................................................................................................................................................................................................................................................11 3. Financial results of the PKO Bank Polski SA Group ........................................................................................................... 13 3.1 Factors influencing results of the PKO Bank Polski SA Group....................................................................................................................................................................13 3.2 Key financial indicators....................................................................................................................................................................................................................................................13 3.3 Consolidated income statement..................................................................................................................................................................................................................................13 3.4 Consolidated statement of financial position.......................................................................................................................................................................................................17 4. Structure of the PKO Bank Polski SA Group............................................................................................................................ 21 4.1 Entities included in the financial statements.........................................................................................................................................................................................................21 4.2 Changes to the organisation of subordinated entities....................................................................................................................................................................................23 5. Activities and directions of development of the PKO Bank Polski SA Group......................................................... 25 5.1 Directions of development of the PKO Bank Polski SA Group....................................................................................................................................................................25 5.2 Execution of the ‘Lider’ Strategy for the years 2010-2012...........................................................................................................................................................................26 5.3 Market shares of PKO Bank Polski SA.....................................................................................................................................................................................................................27 5.4 Activities of PKO Bank Polski SA – the parent company of the PKO Bank Polski SA Group .....................................................................................................27 5.4.1 Retail segment.......................................................................................................................................................................................................................................................................28 5.4.2 Corporate segment .............................................................................................................................................................................................................................................................31 5.4.3 Investment segment...........................................................................................................................................................................................................................................................32 5.5 International cooperation................................................................................................................................................................................................................................................34 5.6 Activities of other entities of the PKO Bank Polski SA Group......................................................................................................................................................................34 5.7 Issue of securities and amounts due to financial institutions.....................................................................................................................................................................36 5.8 Sponsorship activities of PKO Bank Polski SA ....................................................................................................................................................................................................37 5.9 Charity activities of the PKO Bank Polski SA’s Foundation..........................................................................................................................................................................38 5.10 Promotional activities carried out by other companies of the PKO Bank Polski SA Group .......................................................................................................39 5.11 Prizes and awards granted to entities of the PKO Bank Polski SA Group............................................................................................................................................39 6. Internal environment...........................................................................................................................................................................
Load more

Recommended publications
  • Pko Bank Polski Spółka Akcyjna
    This document is a translation of a document originally issued in Polish. The only binding version is the original Polish version. PKO BANK POLSKI SPÓŁKA AKCYJNA PKO BANK POLSKI SA DIRECTORS’ REPORT FOR THE YEAR 2010 WARSAW, MARCH 2011 This document is a translation of a document originally issued in Polish. The only binding version is the original Polish version. PKO Bank Polski SA Directors’ Report for the year 2010 TABLE OF CONTENTS: 1. INTRODUCTION 4 1.1 GENERAL INFORMATION 4 1.2 SELECTED FINANCIAL DATA OF PKO BANK POLSKI SA 5 1.3 PKO BANK POLSKI SA AGAINST ITS PEER GROUP 6 2. EXTERNAL BUSINESS ENVIRONMENT 7 2.1 MACROECONOMIC ENVIRONMENT 7 2.2 THE SITUATION ON THE STOCK EXCHANGE 7 2.3 THE SITUATION OF THE POLISH BANKING SECTOR 8 2.4 REGULATORY ENVIRONMENT 9 3. FINANCIAL RESULTS OF PKO BANK POLSKI SA 10 3.1 FACTORS INFLUENCING RESULTS OF PKO BANK POLSKI SA IN 2010 10 3.2 KEY FINANCIAL INDICATORS 10 3.3 INCOME STATEMENT 10 3.4 STATEMENT OF FINANCIAL POSITION OF PKO BANK POLSKI SA 14 4. BUSINESS DEVELOPMENT 17 4.1 DIRECTIONS OF DEVELOPMENT OF PKO BANK POLSKI SA 17 4.2 MARKET SHARE OF PKO BANK POLSKI SA 18 4.3 BUSINESS SEGMENTS 18 4.3.1 RETAIL SEGMENT 18 4.3.2 CORPORATE SEGMENT 21 4.3.3 INVESTMENT SEGMENT 23 4.4 INTERNATIONAL COOPERATION 25 4.5 ISSUE OF EUROBONDS 25 4.6 ACTIVITIES IN THE AREA OF PROMOTION AND IMAGE BUILDING 26 5. INTERNAL ENVIRONMENT 30 5.1 ORGANISATION OF PKO BANK POLSKI SA 30 5.2 OBJECTIVES AND PRINCIPLES OF RISK MANAGEMENT 30 5.2.1 CREDIT RISK 31 5.2.2 MARKET RISK 33 5.2.3 THE PRICE RISK OF EQUITY SECURITIES 34 5.2.4 DERIVATIVE INSTRUMENTS RISK 35 5.2.5 OPERATIONAL RISK 35 5.2.6 COMPLIANCE RISK 36 5.2.7 STRATEGIC RISK 36 5.2.8 REPUTATION RISK 36 5.2.9 OBJECTIVES AND PRINCIPLES OF CAPITAL ADEQUACY MANAGEMENT 37 Page 2 out of 71 This document is a translation of a document originally issued in Polish.
    [Show full text]
  • Struktura Aktywów OFE 30.12.2016
    Roczna struktura aktywów MetLife OFE na 30.12.2016 Lp. Kategoria lokaty Udział w Wartość na dzień Emitent wartości wyceny aktywów (%) 5 Depozyty bankowe w walucie polskiej w bankach lub instytucjach kredytowych, mających siedzibę i prowadzących 9,72 1 203 825 756,04 działalność na podstawie zezwolenia właściwych organów nadzoru nad rynkiem finansowym w państwach, o których mowa w art. 141 ust. 4 ustaw BGŻ BNP Paribas S.A. 3,23 400 000 000,00 BGŻ BNP Paribas S.A. Bank BPH S.A. 0,40 50 000 000,00 Bank BPH S.A. Bank Millennium S.A. 0,40 50 000 000,00 Bank Millennium S.A. Bank Pekao S.A. 2,02 250 000 000,00 Bank Pekao S.A. Deutsche Bank Polska S.A. 3,66 453 825 756,04 Deutsche Bank Polska S.A. 7 Akcje spółek notowanych na rynku regulowanym na terytorium Rzeczypospolitej Polskiej oraz obligacje zamienne na akcje 74,56 9 236 784 962,41 tych spółek, a także notowane na tym rynku prawa poboru i prawa do akcji Alior Bank S.A. 2,35 291 374 230,40 Alior Bank S.A. AmRest Holdings SE 0,69 85 391 359,62 AmRest Holdings SE Asseco Business Solutions S.A. 0,94 115 932 648,00 Asseco Business Solutions S.A. Asseco Poland S.A. 1,04 128 845 700,35 Asseco Poland S.A. Asseco South Eastern Europe S.A. 0,16 19 207 289,22 Asseco South Eastern Europe S.A. Astarta Holding NV 0,37 45 933 418,68 Astarta Holding NV ATM Grupa S.A.
    [Show full text]
  • Using the Idea of Market-Expected Return
    BUSINESS, MANAGEMENT AND EDUCATION ISSN 2029-7491 print / ISSN 2029-6169 online 2012, 10(1): 11–24 doi:10.3846/bme.2012.02 USING THE IDEA OF MARKET-EXPECTED RETURN RATES ON INVESTED CAPITAL IN THE VERIFICATION OF CONFORMITY OF MARKET EVALUATION OF STOCK-LISTED COMPANIES WITH THEIR INTRINSIC VALUE Paweł Mielcarz1, Emilia Roman2 1Kozminski University, Jagiellonska 57/59, 03-301 Warsaw, Poland 2DCF Consulting Sp. z o.o., Kochanowskiego 24, 05-071 Sulejowek, Poland E-mails: [email protected] (corresponding author); [email protected] Received 02 October 2011; accepted 07 March 2012 Abstract. This article presents the concept of investor-expected rates of return on capital of listed companies and the use of these rates in the assessment of the extent to which the stock evaluation of a given entity is compatible with its intrinsic value. The article also features results of the research aimed at verification – with the use of the presented tool – of whether the market value of WSE-listed companies reflects their fundamental value. The calculations presented in the empirical part of the article show that at the beginning of 2011, market evaluation of the most of the analysed entities greatly exceeded their fundamental value. Keywords: DCF, EVA, valuation, capital markets, fundamental analysis, ROIC, intrinsic value. Reference to this paper should be made as follows: Mielcarz, P.; Roman, E. 2012. Using the idea of market-expected return rates on invested capital in the verifica- tion of conformity of market evaluation of stock-listed companies with their intrin- sic value, Business, Management and Education 10(1): 11–24.
    [Show full text]
  • Sfio Tup Roczne 2017 12 31 St
    SPRAWOZDANIE FINANSOWE OPERA SPECJALISTYCZNY FUNDUSZ INWESTYCYJNY OTWARTY SUBFUNDUSZ OPERA TUTUS-PLUS ZA OKRES OD 1 STYCZNIA DO 31 GRUDNIA 2017 ROKU OPERA Specjalistyczny Fundusz Inwestycyjny Otwarty Subfundusz OPERA Tutus-plus 2017-12-31 2016-12-31 Wartość wg wyceny Wartość wg wyceny Wartość wg ceny Procentowy udział Wartość wg ceny Procentowy udział SKŁADNIKI LOKAT na dzień bilansowy na dzień bilansowy nabycia w tys. w aktywach ogółem nabycia w tys. w aktywach ogółem w tys. w tys. Akcje - - - 7 50 0,01% Warranty subskrypcyjne - - - - - - Prawa do akcji - - - - - - Prawa poboru - - - - - - Kwity depozytowe - - - - - - Listy zastawne - - - - - - Dłużne papiery wartościowe 310 121 309 947 62,92% 448 088 445 217 62,66% Instrumenty pochodne - - - - - - Udziały w spółkach z o. o. - - - - - - Jednostki uczestnictwa 170 850 182 352 37,02% 249 614 265 153 37,33% Certyfikaty inwestycyjne - - - - - - Tytuły uczestnictwa zagraniczne - - - - - - Wierzytelności - - - - - - Weksle - - - - - - Depozyty 131 131 0,03% 79 79 0,01% Waluty - - - - - - Nieruchomości - - - - - - Statki morskie - - - - - - Inne - - - - - - Suma: 481 102 492 430 99,97% 697 788 710 499 100,01% OPERA Specjalistyczny Fundusz Inwestycyjny Otwarty Subfundusz OPERA Tutus-plus Wartość wg Wartość wg Procentowy Kraj wyceny na DŁUŻNE PAPIERY Termin Warunki Wartość ceny udział w Rodzaj rynku Nazwa rynku Emitent siedziby Liczba dzień WARTOŚCIOWE wykupu oprocentowania nominalna nabycia w aktywach emitenta bilansowy w tys. ogółem tys. O terminie wykupu do 1 roku 16 917 9 666 1,96% Bony pieniężne
    [Show full text]
  • National Champions. How They Foster Human Capital
    National Champions How They Foster Human Capital 2020 Edition AUTHORED BY: Adam Czerniak The present report was prepared in partnership with Polpharma S.A. Chief Economist Its contents are impartial and objective. Our partner did not influence its thesis nor its content. All rights reserved. Monika Helak Researcher Polityka Insight to pierwsza w Polsce platforma wiedzy dla liderów biznesu, TRANSLATED BY: decydentów politycznych i dyplomatów. Działa od 2013 r. i ma trzy linie biznesowe: wydaje serwisy analityczne dostępne w abonamentach (PI Premium, Małgorzata Szymczak PI Finance i PI Energy), przygotowuje opracowania, prezentacje i szkolenia Aleksandra Tomaszewska na zlecenie firm, administracji publicznej i organizacji międzynarodowych oraz organizuje debaty tematyczne i konferencje. GRAPHIC DESIGN: www.politykainsight.pl Kinga Pałasz Warsaw, July 2020 2 Polityka Insight National Champions TOP 10 of 2020 National Champions 4 Table of Contents What Is Human Capital 6 The Labour Market In Poland 10 The Government And Businesses For Human Capital 12 The Labour Market And Human Capital After The COVID-19 Pandemic 16 How Can Poland’s Human Capital Be Fostered? 17 Recommendations 19 The Marks of a National Champion 20 This Year’s Top Performers 21 Changes Since The Previous Edition 25 Classifications Of Champions In Individual Categories 27 Economy 28 Sector 29 International Presence 30 Innovation 31 Classification Of Champions By Key Sectors 32 Classification Of Champions By Ownership 34 Special Index – Human Capital 35 Full results 36 Economy
    [Show full text]
  • Einzelaufstellung Der Finanzinstrumente
    Einzelaufstellung der Finanzinstrumente Organisierte Marktinstrumente (OMI) Inhaltsverzeichnis Aktien Ab Seite 1 ETFs Ab Seite 95 Aktien Min. Trans- Instrument Unternehmen ISIN Währung Handelszeiten aktionswert 01C.PL 01Cyberaton SA PLVCAOC00015 PLN 500 PLN 9:00 - 16:50 06N.PL Magna Polonia SA PLNFI0600010 PLN 500 PLN 9:00 - 16:50 11B.PL 11 bit studios SA PL11BTS00015 PLN 500 PLN 9:00 - 16:50 1AT.PL Atal SA PLATAL000046 PLN 500 PLN 9:00 - 16:50 1COV.DE Covestro AG DE0006062144 EUR 100 EUR 9:00 - 17:30 1FC.DE FACC AG AT00000FACC2 EUR 100 EUR 9:00 - 17:30 A.US Agilent Technologies Inc US00846U1016 USD 100 USD 15:30 - 22:00 A3M.ES Atresmedia Corp de Medios de Comunicacion SA ES0109427734 EUR 100 EUR 9:00 - 17:30 AA.US Alcoa Corp US0138721065 USD 100 USD 15:30 - 22:00 AAD.DE Amadeus Fire AG DE0005093108 EUR 100 EUR 9:00 - 17:30 AAL.UK Anglo American PLC GB00B1XZS820 GBP 100 GBP 9:00 - 17:30 AAL.US American Airlines Group Inc US02376R1023 USD 100 USD 15:30 - 22:00 AALB.NL Aalberts Industries NV NL0000852564 EUR 100 EUR 9:00 - 17:30 AAN.US Aaron's Inc US00258W1080 USD 100 USD 15:30 - 22:00 AAP.US Advance Auto Parts Inc US00751Y1064 USD 100 USD 15:30 - 22:00 AAPL.US Apple Inc US0378331005 USD 100 USD 15:30 - 22:00 ABB.SE ABB Ltd CH0012221716 SEK 1000 SEK 9:00 - 17:25 ABBN.CH ABB Ltd CH0012221716 CHF 100 CHF 9:00 - 17:20 ABBV.US AbbVie Inc US00287Y1091 USD 100 USD 15:30 - 22:00 ABC.US AmerisourceBergen Corp - class A US03073E1055 USD 100 USD 15:30 - 22:00 ABCL.US Abcellera Biologics Inc CA00288U1066 USD 100 USD 15:30 - 22:00 ABE.PL AB SA PLAB00000019
    [Show full text]
  • Directors Report Pgnig Group 2014 EN
    DIRECTORS’ REPORT ON THE OPERATIONS OF THE PGNIG GROUP IN 2014 Warsaw, February 19th 2015 Directors’ Report on the Operations of the PGNIG Group in 2014 Contents Contents ................................................................................................................. 2 Section I: PGNiG Group ....................................................................................... 5 1. Group structure ............................................................................................................................... 5 2. Ownership interests in other related entities ................................................................................... 9 3. Workforce ..................................................................................................................................... 10 Section II: Parent’s governing bodies ................................................................. 11 1. Management Board ....................................................................................................................... 11 2. Supervisory Board......................................................................................................................... 13 Section III: Shareholding structure ..................................................................... 15 Section IV: PGNiG Group’s development directions ......................................... 17 Section V: Operating review of the PGNiG Group ............................................ 19 1. Operating data ..............................................................................................................................
    [Show full text]
  • Slawomir Lachowski
    Curriculum Vitae Slawomir Lachowski Summary Economist and banking expert with exceptional academic reputation and more than twenty years of experience in the banking industry in Poland and Central and Eastern Europe. Slawomir Lachowski has a proven record of innovation and successful strategic thinking. Significant achievements: • Restructured savings bank PKO BP (Poland's largest retail bank) and implemented a new growth strategy that allowed the organisation to become the leader in the Polish banking sector. • Restructured PBG Bank’s portfolio of bad debts, which amounted to 67% of the portfolio’s total loans, using innovative methods of financial restructuring that used conversion of debt into shares of companies on a large scale and that created the first Polish restructuring investment fund, PBG Investment Fund. • Restructured BRE Bank and improved its organisation to the extent that BRE Bank won the award for the Best Financial Institution in Poland in 2008. • Developed mBank, the first Internet bank in Poland, which swiftly became successful in the Czech Republic and Slovakia. • Restructured FM Bank PBP and transformed the bank into dual-brand financial institution focusing on prospective target customer groups: new generation customers, citizens of digital world (Bank SMART), and micro-enterprises and self-employed professionals (BIZ Bank). • Developed Bank SMART based on low cost finance business model - digital bank built upon ‘mobile first’ concept ("born to be on the smartphone"), European mobile bank providing all basic financial products and services regardless of national borders in the EU. • Awarded the Golden Cross of Merit (Poland) for an outstanding contribution to the transformation of the Polish banking sector.
    [Show full text]
  • Pbg Ar2009 Eng I.Pdf
    Principles of Corporate Governance include formal and informal rules of operations, being aimed at regu- lating relationships between all entities which participate in the life of the Company – with shareholders, inves- tors, recipients, suppliers, the managing staff and employees. Applying all its rules should be a priority matter for every company. It is like this in case of PBG SA. Thanks to that the Company is more credible and transparent. Rules and the clarity of the information are deciding about the success in the business. Reducing the risk associated with investing in securities of the company is a purpose of good practice. In Poland principles of Corporate Governance were collected in the document “Good Practices of the Companies Listed on the Warsaw Stock Exchange” and for the first time authorities of the Warsaw Stock Exchange published them in September of 2002. The document determined elements of business ethics which listed companies should follow in their everyday activity. Next edition of principles - “ Good practices of the Companies Listed on the Warsaw Stock Exchange 2005” - were in effect from the beginning of year 2005 until the end of 2007. The next update of good practices occurred on January 1 2008. Then issued document “Best Practices of Companies Listed on the WSE “ was in force over the next two years. The PBG SA company adopted principles of the Corporate Governance published in the document „ Good Practices of the Companies Listed on the WSE ”available at: http://www.corp-gov.gpw.pl/publications. asp. In accordance with the duty „ comply or explain ” the PBG SA Management Board is declaring that in 2009 it obeyed all principles arising out of this document.
    [Show full text]
  • Sprawozdanie Zarządu Z Działalności GK Pgnig 2013 PL
    SPRAWOZDANIE ZARZ ĄDU Z DZIAŁALNO ŚCI GRUPY KAPITAŁOWEJ PGNiG ZA ROK 2013 Warszawa, 19 lutego 2014 Sprawozdanie Zarz ądu z działalno ści GK PGNiG za 2013 rok Spis rozdziałów: Spis rozdziałów: .................................................................................................... 2 Rozdział I: Grupa Kapitałowa PGNiG .................................................................. 5 1. Organizacja Grupy Kapitałowej ...................................................................................................... 5 2. Powi ązania kapitałowe .................................................................................................................. 10 3. Zatrudnienie .................................................................................................................................. 11 Rozdział II: Organy jednostki dominuj ącej ....................................................... 13 1. Zarz ąd .......................................................................................................................................... 13 2. Rada Nadzorcza ........................................................................................................................... 15 Rozdział III: Akcjonariat .................................................................................... 17 Rozdział IV: Kierunki rozwoju GK PGNiG ...................................................... 19 Rozdział V: Działalno ść operacyjna GK PGNiG .............................................. 21 1. Dane operacyjne ...........................................................................................................................
    [Show full text]
  • Polish Strategy Research Offices: Legal Entity/Address/Primary Securities Regulator Almaty Representative Office, ING Bank N.V
    EQUITY MARKETS Strategy Poland AMSTERDAM BRUSSELS LONDON NEW YORK SINGAPORE Tel: 31 20 563 84 17 Tel: 32 2 547 75 34 Tel: 44 20 7767 1000 Tel: 1 646 424 6000 Tel: 65 6535 3688 July 2008 Bratislava Edinburgh Madrid Paris Shanghai Tel: 421 2 5934 61 11 Tel: 44 131 527 3000 Tel: 34 91 789 8880 Tel: 33 1 56 39 31 41 Tel: 86 21 6841 3355 Bucharest Geneva Manila Prague Sofia Tel: 40 21 222 1600 Tel: 41 22 593 8050 Tel: 632 479 8888 Tel: 420 2 5747 1111 Tel: 359 2 917 6400 Budapest Hong Kong Mexico City Santiago Taipei Tel: 36 1 268 0140 Tel: 852 2848 8488 Tel: 52 55 5258 2000 Tel: 562 452 2700 Tel: 886 2 2734 7600 Buenos Aires Istanbul Milan Sao Paulo Tokyo Tel: 54 11 4310 4700 Tel: 90 212 258 8770 Tel: 39 02 89629 3660 Tel: 55 11 4504 6000 Tel: 813 5210 0100 Dubai Kiev Moscow Seoul Warsaw Tel: 971 4 365 3430 Tel: 380 44 230 3030 Tel: 7495 755 5400 Tel: 822 317 1800 Tel: 48 22 820 5018 Polish strategy Research offices: legal entity/address/primary securities regulator Almaty Representative office, ING Bank N.V. in Kazakhstan, 85a, Dostyk Avenue, Office 510, 050010, Almaty, Kazakhstan. Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market & Financial Organizations Storm clearing Amsterdam ING Bank N.V., Foppingadreef 7, Amsterdam, Netherlands, 1102BD. Netherlands Authority for the Financial Markets Bratislava ING Bank N.V., pobocka zahranicnej banky, Jesenskeho 4/C, 811 02 Bratislava, Slovak Republic.
    [Show full text]
  • Lista Spółek Uwzględnionych W Raporcie
    Wynagrodzenia członków zarządów spółek notowanych na GPW w 2011 roku 1 Lista spółek uwzględnionych w raporcie 4fun Media SA Bioton SA ABC Data Spółka Akcyjna Bipromet SA ABM Solid SA BNP Paribas Bank Polska Spółka Akcyjna Action SA Boryszew SA AD. Drągowski S.A. BRE Bank SA Advadis SA Budimex SA Agora SA Budopol-Wrocław SA Alchemia SA Budvar Centrum SA Alma Market SA Bumech SA Alterco SA BZ WBK SA Amica Wronki SA Calatrava Capital SA Ampli SA CAM Media S.A. Amrest Holdings Se Capital Partners SA Anti S.A. Cash Flow SA Apator SA CD Projekt RED S.A. Aplisens S.A. Celtic Property Developments S.A. Arctic Paper S.A. Centrozap S.A. Arcus S.A. Centrum Klima S.A. Armatura Kraków SA Ceramika Nowa Gala SA Arteria SA Ciech SA Asseco BS SA City Interactive SA Asseco Poland SA Cognor SA Asseco South Eastern Europe SA Colian Spółka Akcyjna Atlanta Poland SA ComArch SA Atlantis SA Comp Safe Support SA ATM Grupa SA Complex SA ATM SA CP Energia SA Atrem SA Cyfrowy Polsat SA Awbud Spółka Akcyjna Dębica SA B3System SA Decora SA Bank BPH SA Delko SA Bank Handlowy SA DGA SA Bank Millennium SA Dom Development SA Bank Ochrony Środowiska SA Dom Maklerski IDM SA Bank Pekao SA Drewex SA Barlinek SA Drop SA Berling Spółka Akcyjna Drozapol-Profil SA Best SA eCard SA Sedlak & Sedlak 2012 Wynagrodzenia członków zarządów spółek notowanych na GPW w 2011 roku 2 ED Invest Spółka Akcyjna Getin Noble Bank SA Efekt SA Giełda Papierów Wartościowych w Echo Investment SA Warszawie Spółka Akcyjna Eko Export SA Giełda Praw Majątkowych Vindexus S.A.
    [Show full text]