PKO BP provided earnings guidance for the first quarter of 2020 and full year 2020. PKO BP expects to take a PLN 550-600 million hit to the 2020 group net profit from the recent MPC rate cuts, changes to the mandatory reserve and other monetary and regulatory decisions, and will record a "significant y/y decline in first quarter of 2020 net profit, expected to be reduced by at least PLN 320 million.