Bank Pekao generated in the second quarter of 2025 equal to PLN 1.6 billion of consolidated net profit. This is a result by 3 percent. above forecasts. The profit has grown by almost 13 percent. year to year and fell by 5 percent in quarterly terms. The net result is slightly lower than the record (PLN 1.83 billion) from the third quarter of 2024, when disposable events helped (now operating revenues were even higher than then).
“Net profit of Pekao was better than market forecasts, mainly thanks to income from the basic activity. The net result would be even higher, if not for almost PLN 310 million of loan portfolio reserves in CHF. In published results, it is worth paying attention to the dynamics of commission and interest result higher than the average sector, with a lower increase in operating costs. The dynamics of the operational result.
Pekao turns up the credit action
The entire first half of 2025 Bank Pekao closed a net profit of PLN 3.29 billion compared to PLN 2.94 billion a year earlier, i.e. earnings increased by almost 12 percent. He stated that the revival of the credit shares and the increase in the loan and deposit portfolio, and in key strategic segments, the increase in credit shares was two -digit. The assets for a year grew by 7 %, up to PLN 340 billion, and the loan wallet by 6 %, up to PLN 193 billion.
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Bank Pekao
“In the first half of the year, we can talk about some acceleration on the credit market, one of which is the investment recovery. It is important that Bank Pekao effectively uses this and in many areas achieves better results than the market average” – said the president of Bank Pekao Cezary Stypułkowski quoted in the press release.
During this period, the bank recorded a record quarterly sales of cash loans (approx. PLN 2 billion), investment products and accounts for wealthy clients. “We will do everything to make credit campaign and acquisition of new customers look equally good in the following months,” added the president.
Increase in revenues more stronger than costs
The interest result, the main source of income, in the second quarter amounted to PLN 3.45 billion. It has grown by 17 percent year to year and almost 1 percent quarterly. Net interest margin (corrected with credit holidays) increased in the second quarter to 4.26 percent. from 4.22 percent A year earlier, but it decreased from 4.29 percent. noted in the first quarter of 2025. The bank stated that its natural sensitivity to decreases in interest rates resulting mainly from incorrectly interest deposits is around 0.20-0.25 percentage points. reduction of the margin for the decrease in the feet by 1 percentage point
The result from fees and commissions was PLN 765 million, which means that the result slightly above the forecasts. This result increased by 9.8 percent. year on year and increased by 4.5 percent. in quarterly terms. Pekao has announced that the contribution of the result associated with the capital market is growing, including asset management, thanks to the increase in investment fund assets.
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Total operating revenues increased per year by 12 percent, to PLN 4.25 billion, and were identical as in the previous quarter. At the same time, operating costs increased year -on -year by 5 %, to PLN 1.4 billion, and decreased by 14 percent. quarterly. They turned out to be slightly higher than forecasts.
The bank can still boast of good loan repayment, although the balance of the reserve was slightly higher than the average forecasts (over 7 percent). Amounted to PLN 231 million, which means a decrease by 0.4 percent. year on year and an increase of 51 percent compared to the previous quarter (when it was extremely low).
After the first half of the year, the risk costs amounted to 0.40 percent, while the assumed COR at the end of 2027 is to be 0.65-0.75 percent. In the second quarter alone, the risk costs amounted to 0.48 percent, and in the area of business entities he was under the influence of the recognition of one client's default event. The costs of legal risk of foreign currency mortgage loans (franc reserves) in the second quarter charged the result with PLN 309 million (the bank already has PLN 2.7 billion of such reserves). The operational result increased by 16 percent. and 9 percent, year -on -year and quarterly, respectively, up to PLN 2.85 billion.
A wallet is growing, there are more and more young customers
The bank recorded a 6 % increase in loan portfolio. year to year, including 5 percent Increase in retail loan portfolio and 8 percent increase in corporate loans.
Pekao stated that in the second quarter a double -digit one was an increase in credit shares in key strategic segments: the cash loan volume increased by 11 percent. up to PLN 13.5 billion, micro financing by 12 percent up to PLN 5.5 billion, and the financing volume of companies from MID+SMEs by 13 percent up to PLN 42.6 billion. Sales of mortgage loans in the second quarter amounted to PLN 2.77 billion, growing 16 percent. year on year.
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The bank said that every third acquired customer was up to 26 years old. “It is worth paying attention to the growth in the first half of the 70,000 Base of young customers up to 26 years old. The bank in the strategy wrote a plan to increase their number to 1.4 million in 2027 of 1.1 million in 2024 and is on a good path to do it” – the bank said in a message.
Pekao estimates that percentage rates They will fall by 50 pb this year and the target rate is 3.5 percent. According to the bank, this year's dynamics of the market volume on the market will exceed 6 percent.
At the end of June, the total capital coefficient of the Group (TCR) was 17.2 percent, and Tier1 15.6 percent. In both cases, they were above regulatory minima. The bank stated that the requirements of Mrel-Trea and MREL-TE are met at both the total and subordinate levels.
