Pekao SA's cost to income ratio reached 45.2% in the third quarter of 2016, up from 43.5% when compared to the previous quarter.
Historically, the bank’s costs reached an all time high of 56.9% of income in 4Q2007 and an all time low of 43.0% in 4Q2013.
When compared to total assets, bank's cost amounted to 1.93% in 3Q2016, down from 2.15% in the previous quarter.
Staff accounted for 59.2% of total operating expenditures in the third quarter of 2016. The bank operated a network of 942 branches and employed 16,100 persons in 3Q2016.