PKO BP gets KNF approval for portfolio management, targets 100bn zloty in assets by 2027

Poland's financial regulator KNF has granted PKO BP's brokerage arm approval to offer portfolio management services, set to launch in 2026. The bank currently manages around 85 billion zloty in private banking client assets and has set a target of 100 billion zloty by end-2027. The new service is part of the bank's broader wealth management expansion strategy.