57. Information on the entity auditing the financial statements

On 26 January 2017, the Supervisory Board of PKO Bank Polski SA based on § 15.1.4 of the Bank’s Articles of Association selected KPMG Audyt Spółka z ograniczoną odpowiedzialnością spółka komandytowa as the audit firm authorized to audit and review the financial statements of the Bank and consolidated financial statements of the PKO Bank Polski SA Group for the years 2017–2019. The same entity had audited the Bank’s and the Group’s financial statements for the years 2015–2016. KPMG Audyt Spółka z ograniczoną odpowiedzialnością spółka komandytowa with its registered office in Warsaw, Inflancka 4A, is entered in the list of audit firms maintained by the National Board of Registered Auditors with the number 3546. On 12 April 2017, the Supervisory Board of PKO Bank Polski SA concluded another agreement with KPMG Audyt Spółka z ograniczoną odpowiedzialnością spółka komandytowa for the audit and review of the financial statements of the Bank and consolidated financial statements of the PKO Bank Polski SA Group for the years 2017–2019.

Based on the Supervisory Board’s declaration, the Management Board states that the appointment of the audit firm, KPMG Audyt Spółka z ograniczoną odpowiedzialnością spółka komandytowa, to audit the PKO Bank Polski SA Group’s consolidated financial statements for the year ended 31 December 2018 and PKO Bank Polski SA’s financial statements for the year ended 31 December 2018 (Audit) was made in accordance with the provisions of the law and the internal rules of PKO Bank Polski SA accepted by the Supervisory Board on the appointment of the audit firm, which were in force as at the date on which the choice was made. Simultaneously, based on the Supervisory Board’s declaration, the Management Board states that:

• the audit firm, KPMG Audyt Spółka z ograniczoną odpowiedzialnością spółka komandytowa, and the members of the team conducting the Audit satisfied the conditions for preparing an impartial and independent Audit report, in accordance with the generally applicable provisions of the law, standards of practicing the profession and principles of professional ethics;
• the applicable provisions of the law related to the rotation of audit firms and the key registered auditor auditing PKO Bank Polski SA Group’s consolidated financial statements and PKO Bank Polski SA’s financial statements and the related periods of grace and procedureare observed at PKO Bank Polski SA;
• PKO Bank Polski SA has a policy on the selection of audit firm for auditing PKO Bank Polski SA’s and the PKO Bank Polski SA Group’s financial statements, as well as a policy on the provision of admissible non-audit services by the audit firm conducting the audit, affiliates of that audit firm and a member of the network of audit firms, to the Bank and companies from the Bank’s Group, including services that are conditionally released from the prohibition of provision of services by the audit firm.

The total net remuneration of KPMG Audyt Spółka z ograniczoną odpowiedzialnością sp.k. for the audit of the stand-alone financial statements of the Bank and consolidated financial statements of the Group for 2018 amounted to PLN 1 577 thousand (PLN 1 389 thousand for 2017) and for other assurance services, including a review of the financial statements, it amounted to PLN 1 309 thousand in 2018 (PLN 2 051 thousand in 2017). No remuneration was paid in respect of other services in 2018  (in 2017 the remuneration was PLN 68 thousand).

Furthermore, on 13 December 2018 the Supervisory Board of PKO Bank Polski SA, based on § 15.1.2 of the Bank’s Articles of Association, appointed PricewaterhouseCoopers Polska spółka z ograniczoną odpowiedzialnością Audyt sp. k. as the audit firm to audit and review the financial statements of PKO Bank Polski SA and the PKO Bank Polski SA Group for the years 2020–2021. PricewaterhouseCoopers Polska spółka z ograniczoną odpowiedzialnością Audyt sp. k. with its registered office in Warsaw, Polna 11, is entered in the list of audit companies maintained by the National Board of Registered Auditors with the number 144. On 24 January 2019 PKO Bank Polski SA and PricewaterhouseCoopers Polska spółka z ograniczoną odpowiedzialnością Audyt sp. k. concluded an aggreement for the audit and review of the Bank’s and the Bank Group’s financial statements for the years 2020–2021.