Poland · Delayed Price · Currency is PLN Bank Handlowy w Warszawie Earnings Call Transcripts
Fiscal Year 2026
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Q2 2026 saw strong lending and deposit growth, a strategic shift to institutional banking, and robust profitability with ROE at 21%. Revenue and net profit were supported by one-off gains, while cost of risk rose due to isolated cases. Capital and liquidity positions remain strong.
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Q1 2026 saw net profit of PLN 386 million, 17% above consensus, with strong institutional loan and deposit growth, robust revenue, and ROE at 19.2%. Consumer Banking demerger is on track, and margin pressure is noted in competitive sectors.
Fiscal Year 2025
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Strong institutional banking growth drove record net income and dividend payout, with robust capital and asset quality metrics. Consumer banking migration to VeloBank remains on track, and cost discipline supported high profitability.
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Q3 2025 saw robust lending and deposit growth, strong profitability, and continued strategic focus on institutional banking and digitalization. Despite rate-driven declines in net interest income, fee growth and disciplined cost management supported solid results.
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Q2 2025 saw strong institutional banking growth, with revenue up 7% quarter-on-quarter and net profit (excluding transaction loss) up 26%. The consumer banking exit is progressing, and capital ratios remain robust, with a high dividend payout approved.
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Announced sale of consumer banking business, with proceeds to fund extraordinary dividends and a strategic shift to Institutional Banking. Targets include 19% ROE by 2027, enhanced cost efficiency, and investments in technology and high-growth sectors.
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Record balance sheet and strong lending drove revenue above PLN 1 billion, with net profit at PLN 435 million and ROE of 20%. Institutional lending and deposit growth outpaced the sector, while cost discipline and credit quality remained strong.
Fiscal Year 2024
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2024 saw robust growth in institutional lending and wealth management, with net profit reaching PLN 1.8 billion and ROE at 21.1%. Q4 delivered strong revenue and treasury results, while cost discipline kept expense growth below sector average.
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Q3 saw revenue above PLN 1 billion and net profit of PLN 545 million, with strong lending growth and robust capital ratios. Institutional and consumer segments both contributed, while cost discipline and risk metrics remained solid.
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Q2 2024 saw revenue above PLN 1 billion and net income of PLN 394 million, with strong institutional banking growth and a one-off goodwill impairment in consumer banking. ROE was 22.8%, capital ratio 23.6%, and cost-to-income 32%.