This has increased the bank’s capital adequacy by continually meeting the minimum capital reserve amount. Bank Pekao SA has always stood as a pioneer in modern banking as it was the first bank to launch ATM banking systems, therefore, being the first bank to issue credit cards to its customers in Poland (Global Data, 2022). The management’s capability has been demonstrated by the bank’s ability to the management team to identify financial stress since 1929. Through the bank’s help, its customers have had access to foreign currency accounts since 1971, indicating earnings stability and return on assets. As mentioned earlier, the bank’s principal purpose after being started was to provide financial support to emigrants (Bank Pekao, n.d.). Performance AnalysisĪ Uniform Financial Institution Rating system, also known as CAMEL (Capital Adequacy, Assets, Management, Earnings, Liquidity, Sensitivity) rating system, is one of the best tools to identify the financial strengths and weaknesses of a bank (Gołosz, 2022). In Appendix A, table 1 shows the products and services table 2 Personal Banking and Business Banking Products table 3 Peer analysis table 4 Competitor Comparison. The process of acquiring Bank Pekao S.A shares was completed on 7th June 2017 by Owszechny Zaklad and the Polish Development Fund. include mBank SA, Bank Millenium SA, ING Bank Slaski SA, and PKO Bank Polski. The bank offers various services, including account banking services, insurance, mortgage, card, and services to businesses and investors (Bank Pekao, n.d.). is still ranked second among national banks. In other countries, such as Brazil, the war outbreak brought a halt to further development (Global Data, 2022). From 1929 to 1939, Bank Pekao established various offices in countries such as Palestine, the United States of America, Argentina, and Germany to launch branches. was established in Poland, and its headquarters is located in Poland’s capital Warsaw (Bank Pekao, 2022). If you think your authorised firm has been cloned or scammers are fraudulently using your name or other details, contact our Firm Helpline on 03.On 17th March 1929, Bank Pekao S. If you were offered, bought or sold shares, you can use our reporting form. If you think you have been approached by an unauthorised or clone firm, or contacted about a scam, you should contact us. If you would like further information about protection, the authorised firm should be able to help. If you use an authorised firm, access to the Financial Ombudsman Service and FSCS protection will depend on the investment you are making and the service the firm is providing. If you use an unauthorised firm, you won’t have access to the Financial Ombudsman Service or Financial Services Compensation Scheme (FSCS) so you’re unlikely to get your money back if things go wrong. There are more steps you should take to avoid scams and unauthorised firms. If a firm does not appear on the FS Register but claims it does, contact our Consumer Helpline on 08. It has information on firms and individuals that are, or have been, regulated by us. We strongly advise you to only deal with financial firms that are authorised by us, and check the Financial Services (FS) Register to ensure they are. It is authorised to offer, promote or sell services or products in the UK and its correct details are: This FCA authorised firm that fraudsters are claiming to work for has no association with the ‘clone firm’. They may change contact details over time to new email addresses, telephone numbers or physical addresses. Website: Be aware that scammers may give out other false details or mix these with some correct details of the registered firm. Clone firm detailsįraudsters are using or giving out the following details as part of their tactics to scam people in the UK: Pekao Bank UK (clone of an EEA Authorised Firm)Īddress: Heater Tower, Bishopsgate, London, UNITED KINGDOM You can find out more about this scam tactic and how to protect yourself from clone firms. They may use the name of the genuine firm, the 'firm reference number' (FRN) we have given the authorised firm or other details. This is what we call a 'clone firm' and fraudsters usually use this tactic when contacting people out of the blue, so you should be especially wary if you have been cold called. This firm is not authorised or registered by us but has been targeting people in the UK, claiming to be an authorised firm. Almost all firms and individuals carrying out financial services activities in the UK have to be authorised or registered by us.
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