According to Polish daily Parkiet, Jerzy Osiatynski, former Finance Minister, current supervisory board member of PKO BP, is likely to become acting CEO of the bank.
Our view: Slawomir Skrzypek, current acting CEO, has to step down as he had become a nominee for the head of NBP. Over the holiday period, former PM Kazimierz Marcinkiewicz announced he will be applying for the post and he has already received an appointment to be an advisor to acting-CEO Slawomir Skrzypek. Market should expect speculations on the PKO BP’s CEO to intensify, as the recruiting process deadline is January 16. We do not expect those new speculations to have any material impact on the stock price.