Tools
The Group manages credit risk related to cash and cash equivalents by diversification of banks in which surplus cash is placed. All entities with which PGE Group concludes deposit transactions with operate in the financial sector. These can only be banks registered in Poland or branches of foreign banks with investment-grade or higher ratings, adequate solvency ratios and equity as well as strong, stable market position. The share of three major banks in which PGE Group allocated the most significant cash balances as at December 31, 2019, accounted for approximately 81% (70% in the comparative period).
