For the thirteenth time, Bank Pekao S.A. has received the prestigious “Best Sub-Custodian Bank” award from Global Finance magazine, reaffirming its position as the leader in Poland’s custody services market.
To select the best institutions offering custody services, the Global Finance editorial team conducted extensive market research, consulting both industry experts and clients. The analysis took into account criteria such as: quality of client relationships and service, price competitiveness, efficiency in handling non-standard orders, use of modern technologies, effectiveness of securities settlement operations, knowledge of local regulations and practices, and development plans.
“For thirteen consecutive years, we have remained the leader in custody services in Poland according to Global Finance. This is a tremendous honor for us and confirmation that our work is recognized by experts on the international stage. This award is primarily the result of our professionalism, reliability, commitment, and our continuous drive to provide top-tier services. On behalf of myself and the entire team, I would like to thank our business partners and clients for their trust, which motivates us to continue developing and innovating. I assure you that we will keep consistently raising the bar in customer service standards to meet our clients’ expectations in an ever-changing market environment,” said Robert Smuga, Head of the Financial Institutions and Custody Department at Bank Pekao S.A.
Bank Pekao S.A. ranks among the top custody banks in Poland in terms of assets under custody and is one of the key clearing agents serving foreign investment firms that are remote members of the Warsaw Stock Exchange. The bank’s custody services include: securities account management, transaction settlement, corporate event handling (including dividend and interest payments, rights issues), client representation at general meetings, and support with tax settlement processes.
Bank Pekao S.A., founded in 1929, is one of the largest financial institutions in the CEE region and the second largest universal bank in Poland, with assets of PLN 333 billion. The bank has the second largest branch network in the country. It is a leader in corporate banking, serving every second among largest corporates in Poland. Pekao holds a prominent position in the market for asset management, brokerage services, and private banking. The diversified business profile of Bank Pekao is supported by a market-leading balance sheet and risk profile, reflected in the lowest risk costs, strong capital ratios, and resilience to macroeconomic conditions (Pekao is the most resilient bank in Europe, taking first place in the stress tests conducted by the EBA in 2023 among 70 banks). Since 1998, Bank Pekao has been listed on the Warsaw Stock Exchange and has been a member of several local indices (including WIG 20 and WIG) as well as international indices (including MSCI EM, Stoxx Europe 600, and FTSE Developed). Pekao is among top dividend-paying companies listed in Warsaw, with a total shareholder pay-out of above PLN 20bn over the past 10 years.
