Event

Setting New Records Together

2026-01-15 15:36:07

Twenty-nine Polish capital market leaders have been awarded and recognised at the 2025 Stock Market Review Gala, an event that symbolically closed a record-breaking year for the Warsaw Stock Exchange and the entire Polish capital market.

The 2025 Stock Market Review Gala was held on 14 January 2026 at the Warsaw Stock Exchange, the heart of the Polish capital market. The event provided an opportunity to present awards and distinctions and offered a space for discussions about the future of the capital market in Poland. The Gala brought together key representatives of the financial community, including Minister of Finance and Economy Andrzej Domański and Minister of State Assets Wojciech Balczun, as well as representatives of brokerage houses, banks, issuers, and GPW’s partners. During the event, 29 awards and special mentions were presented to entities which made a major contribution to the development of the Polish capital market in the past year.

“The year 2025 exceeded our wildest expectations. We were hoping for a breakthrough and we witnessed the biggest bull market of the century. The WIG index crossed the symbolic mark of 100,000 points in April and set a record for gains in the 21st century at the last trading session of the month. The historic index performance, huge turnover, and deals which attracted billions of zlotys of new capital to the Warsaw Stock Exchange are owed to the efforts of all capital market participants because we set new records together. Key reforms are ahead, including the launch of Personal Investment Accounts (OKI). The market is keeping its fingers crossed for the smooth implementation of OKIs as we believe that they will drive further market development and, above all, ensure that Poles profit from the success of the Polish economy,” said Tomasz Bardziłowski, President of the Management Board of the Warsaw Stock Exchange.

In the record-breaking year 2025, GPW presented two special awards for market capitalisation exceeding PLN 100 billion. The awards went to PKO Bank Polski and Orlen, confirming their position among the largest and most valuable companies listed on the Warsaw Stock Exchange.

Below is the full list of winners of awards presented at the 2025 Stock Market Review Gala:

GPW Awards

  • Diagnostyka – Award for the highest IPO value of a company newly listed on the GPW Main Market
  • Biuro Maklerskie PKO Banku Polskiego – Award for the highest turnover value on clients’ account on the GPW Main Market
  • BETA ETF – Award for the largest number of ETFs introduced on GPW
  • XTB – Award for the highest turnover value on clients’ account on the ETF market
  • ERSTE SECURITIES POLSKA – Award for the highest turnover volume on clients’ account on the futures market
  • Dom Maklerski BOŚ – Award for the highest turnover value on clients’ account on NewConnect
  • INC – Award for the most active Authorised Advisor introducing first and subsequent offerings on NewConnect
  • Michael / Ström Dom Maklerski – Award for the largest number of corporate bond series introduced on Catalyst
  • Żabka Group – Award for the highest value bond offering of an issuer newly listed on Catalyst
  • Allegro.eu – Award for the highest value bond offering of an issuer newly listed on Catalyst
  • PKO Bank Hipoteczny – Award for the first public offering of mortgage covered bonds addressed to retail investors
  • Santander Biuro Maklerskie – Santander Bank Polska – Award for the highest value and number of ECM transactions (IPOs, SPOs, ABBs) as Global Coordinator and/or Global Bookrunner, and the highest value and number of ABB transactions as Global Coordinator and Global Bookrunner
  • Biuro Maklerskie mBanku – Award for using the widest range of GPW and BondSpot information products including real-time and value-added data

GPW Special Mentions

  • Bank Polska Kasa Opieki - Biuro Maklerskie Pekao – Special Mention for the market maker with the biggest share in EOB turnover on the GPW Main Market
  • Bank Handlowy w Warszawie – Special Mention for the market maker with the biggest share in EOB turnover in single-stock futures
  • Biuro Maklerskie mBanku – Special Mention for the market maker with the biggest share in EOB turnover in currency futures
  • ING Bank N.V. – Special Mention for the market maker with the biggest share in EOB turnover in structured products
  • Dom Maklerski BDM – Special Mention for the market maker with the biggest share in EOB turnover on NewConnect
  • HANetf – Special Mention for ETF market development on GPW
  • Santander Biuro Maklerskie – Santander Bank Polska – Special Mention for the greatest contribution to the development of the Global Coordinator market and market making on GlobalConnect
  • Biuro Maklerskie ING Banku Śląskiego – Special Mention for the highest turnover value on clients’ account on GlobalConnect
  • IPOPEMA Securities – Special Mention for the highest value of ABBs as the Sole Global Coordinator and Global Bookrunner (Żabka and AB – full exit of founder)
  • Trigon Dom Maklerski – Special Mention for the highest number of SPOs as Global Coordinator and Global Bookrunner

BondSpot Awards

  • Santander Bank Polska – Treasury BondSpot Poland cash trade market leader
  • ING Bank N.V. – Treasury BondSpot Poland conditional trade market leader
  • Société Générale (Branch in Poland) – Treasury BondSpot Poland market making leader

GPW Benchmark Award

  • Public Debt Department, Ministry of Finance – Award for the first issue of POLSTR-linked floating rate Treasury bonds

This 2025 Stock Market Review Gala was organised jointly with partners: Krajowy Depozyt Papierów Wartościowych (Central Securities Depository of Poland, KDPW), KDPW_CCP, BondSpot, and GPW Benchmark – institutions which have been building the foundations of the Polish capital market for years.