– We see many benefits in this change, primarily for our clients. When the transaction is finalized, we will join the stable and successful financial group in Central and Eastern Europe. The Erste group knows and understands the realities of our region, just as we focus on building long -term relationships and the best experience of customers – said Michał Gajewski, president of Santander Bank Polska during the Wednesday conference.
In this way he referred to the contract announced at the beginning of May, under which Erste Group will buy 49 percent. shares at Santander Bank Polska and 50 percent at Santander TFI for a total of EUR 7 billion. Erste expects the takeover to be finalized at the end of 2025.
– I would like to emphasize that the process of changing the shareholder does not affect our current business activities. We continue our strategy with the same staff – added Gajewski. He said it was too early to talk about the change of the bank's name and logo (most likely to be rebranding, so Santander's signs will disappear, which appeared in Poland in 2018, when they replaced the BZ WBK logo).
The head of the third largest bank in Poland reminded that the goal is for the transaction to be completed around the end of this year. – Until then, all the effort will be aiming to do it as efficiently as possible. We are a universal bank that serves all customer segments, starting with investment, corporate banking, for large SME and detail enterprises. And this is a strategy that we want to continue – assured Gajewski.
He added that after ownership changes, the bank wants to maintain a strong position in investment banking (recently there were the departure of important employees of this department from the bank).
Santander's results under the influence of one -off events
In connection with the planned sale of Santander Bank Polska shares, it became necessary to reorganize the entire Banco Santander activity in Poland, including the change in the Santander Consumer Bank shareholding. A 60 % sales contract has already been signed. SCB shares, which Santander Bank Polska has for the Spanish group. The consent of the Polish Financial Supervision Authority is still required to finalize sales.
In the second quarter of 2025, the Santander Bank Polska Group advertised SCB to the so -called activity abandoned. In connection with this transaction, the result on the abandoned activity was in the second quarter under the influence of a deferred income tax liability.
The bank recorded PLN 1.02 billion in net profit in the second quarter of 2025i.e. by 12 percent above the expectations of analysts. In terms of year -on -year, earnings grew by 28 percent. (mainly the effect of increasing revenues, in this interest result), and quarterly dropped by 41 percent. (effect of larger write -offs for francs and reserves for deferred tax). Franch mortgages reserves in the second quarter amounted to almost PLN 740 million compared to around PLN 80 million in the first quarter and PLN 800 million a year ago.
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Throughout the first half of 2025, the reported net profit amounted to PLN 2.75 billion, which means a year -on -year increase by 16.6 percent. In turn, the result on continued activities (i.e. after switching off SCB) reached PLN 3.08 billion, which means an increase in year to year by 25 %, and with comparativeness of 7 percent. (i.e., taking into account that in the first half of 2025 franc reserves amounted to almost PLN 820 million, and the premium on BFG PLN 313 million due to, respectively, over PLN 1 billion and PLN 233 million a year ago)
See also: What does the takeover of Santander say about the Polish banking market? “An optimistic scenario is being implemented”
“Net Santander Bank profit was better than market forecasts, mainly due to the lower costs of the credit portfolio and revenues from financial operations. The result would be even better if it wasn't for PLN 740 million in the CHF loan portfolio. After the decision to get rid of participation in Santander Consumer Bank, the bank also created an additional tax reserv an asset in the amount of approx. PLN 400 million, which reduced the company's results.
Income went up more than the costs
The bank's interest result in the second quarter amounted to PLN 3.18 billion and proved to be in line with the expectations of analysts. The result increased 10 percent. per year and 12 percent fell. quarterly. In comparable terms (i.e. apart from the impact of credit holidays on the result of the second quarter of 2024), the net interest margin of the continued and abandoned group decreased from 5.28 percent. A year ago to 5.04 percent The interest margin from continued activities amounted to 4.89 percent. and decreased per year by 0.20 pp, and for a quarter by 0.06 pp.
The result from fees and commissions amounted to PLN 743.9 million and was also in line with market estimates, increased 8 percent. Year on year and remained at a similar level from the first three months of 2025. In total, the income in the second quarter has grown by 10 percent. year to year, and for a quarter by 3 percent, up to PLN 4.03 billion. Operational bins were slightly lower than forecasts and amounted to PLN 1.09 billion, which means a year -on -year increase by 3 percent. and a decrease by 19 percent quarterly
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A good economic situation means that despite high interest rates, loans are still very good. Copies from the loss of loan value amounted to PLN 123 million in the second quarter, i.e. they were 20 percent. lower than consensus. The balance dropped by almost 60 percent. year on year and 50 percent quarterly. The group recorded a decrease in the cost of credit risk from 0.7 percent. In the first half of 2024 to 0.45 percent In the first half of 2025
A clear decrease in franc lawsuits
The bank stated that at the end of June 2025 the group appeared as the defendant in 14 thousand. 402 proceedings regarding indexed or denominated loans to a foreign currency (against 21,000 537 half a year earlier, the decline is mainly the effect of sentences and settlements). The share of loans repaid at the time of filing the claim in the total number of disputes was 18 percent.
The bank assumes that the vast majority of the forecasted cases will be filed by the end of 2026, and then the number of new lawsuits will start to fall due to the expected ordering of the legal environment. By the end of the second quarter, the group concluded 10,000 453 settlements of both pre -trial and those after the dispute, including 952 in the first half of 2025.
