Enea extended the agreement for banking services with PKO Bank Polski and Bank Pekao SA

Enea Group Companies have been already cooperating within the comprehensive banking services with PKO Bank Polski and Bank Pekao SA for three years. Annexing the existing agreements for the next term provides Enea Customers with a guarantee that bank account numbers will remain the same. The Group’s core companies will have access to all the necessary products and banking services within a comprehensive bank service on the most advantageous conditions.

Cooperation with PKO Bank Polski and Pekao SA gives a possibility to Enea Group core companies to jointly manage the money and enables financing the current operations from intragoup funds with no necessity to incur any costs of commissions or interest. Additionally, it guarantees a comprehensive bank service within the available product range and overdraft availability within the system of managing groups of accounts (Cash Pooling) for the needs of financing the core operations.

- The existing cooperation satisfies our requirements, thus we have had no doubts that it is worth continuing – said Mikołaj Franzkowiak, vice-president of Enea for financial affairs. – Extending the terms of the agreements for the subsequent period between the largest Polish banks and one of the leaders on the Polish energy market is good news for our Customers and all the engaged parties. Our goal is a constant improvement in the efficiency of cash management processes with a concurrent optimisation of Enea Group’s financial costs - he added.

Agreements with PKO Bank Polski and Bank Pekao SA bring benefits for Enea Customers. Due to them they can pay cash free of charge in the total of over 3,400 centres of PKO Bank Polski and Bank Pekao SA. Extending the cooperation additionally guarantees that individual bank account numbers for payments by Enea Customers will remain the same.

- We have no doubts that the prolongation of the cooperation between our bank and a large Polish enterprise which Enea is will bring benefits to both parties, and mostly to the Customers. We enable Enea Group to manage the liquidity in all the companies. The agreement for banking services gives us a possibility of a maximally efficient finance management in the whole Group – said Ilona Wołyniec, director of Strategic Customer Relations Department and Project Financing Deparment at PKO Bank Polski.

- Continuation of the financial services for Enea Group companies by Bank Pekao SA is the best summary of our existing long cooperation. We are happy that Bank Pekao’s advanced cash management projects and a high quality of offered services have been appreciated again. I wish to emphasize that Bank Pekao has always put the greatest attention to the needs of its Customers and tries to satisfy their expectations to the most satisfactorily level. We are proud to be a financial partner for Enea Group companies - one of the leading energy groups in Poland – said Renata Drozd, managing director of Large Enterprises Department at Bank Pekao SA.

Prolongation of the agreement guarantees also a comprehensive banking service under homogeneous terms. Managing bank accounts of companies covered with Cash Pooling service allows for achieving measurable benefits within cash management in our Group.

Agreements were prolonged until 31.12.2019.