Pekao SA's cost to income ratio reached 42.3% in the fourth quarter of 2017, down from 44.9% when compared to the previous quarter.
Historically, the bank’s costs reached an all time high of 55.5% of income in 4Q2007 and an all time low of 40.3% in 2Q2016.
When compared to total assets, bank's cost amounted to 1.92% in 4Q2017, up from 1.91% in the previous quarter.
Staff accounted for 59.1% of total operating expenditures in the fourth quarter of 2017. The bank operated a network of 851 branches and employed 17,339 persons in 4Q2017.