Photoinduced electron transfer (ET) processes were studied by the time-resolved Maxwell displacement charge (TRMDC) method in bilayer structures consisting of an electron donor-acceptor and conductive polymer monolayers, porphyrin-fullerene dyad and polyhexylthiophene, respectively, both layers prepared by the Langmuir-Blodgett (LB) method. The charge separation involves two fast steps: an intramolecular ET in the dyad molecule followed by an interlayer ET from the polymer to the formed porphyrin radical cation. These fast vertical intra- and interlayer processes could not be time-resolved by the TRMDC method. The lifetime of the charge separated state in the system was extended to hundreds of milliseconds by lateral electron and hole transfers in fullerene and polymer sublayers. The kinetics of the system was described by a model involving two long-living energetically different complete charge separated states. The data analysis indicates that the charge separation has a recombination time of 0.5 s. This is a promising result for possible applications.