Bank Pekao revalued its assets in the fourth quarter and will create provisions

Bank Pekao revalued deferred tax assets and provisions in connection with the increase in CIT rates, and the positive impact on the consolidated result of the fourth quarter will amount to approximately PLN 180 million, the bank said in a statement. Moreover, in the results for the fourth quarter, the bank will create a provision for the legal risk of foreign currency mortgage loans in CHF in the amount of PLN 290 million.

The bank announced that due to the increase in income tax rates for banks, which will amount to 30%. in 2026, 26 percent in 2027 and 23 percent from 2028, in the fourth quarter of 2025, the level of deferred tax assets and provisions was revalued.

This change has a positive impact on the consolidated net financial result for the fourth quarter of 2025 in the amount of approximately PLN 180 million and a negative impact on the consolidated other components of comprehensive income as of December 31, 2025 in the amount of approximately PLN 20 million.

“The positive impact of this revaluation results from the fact that the Bank's Capital Group has a deferred tax asset on balance, so an increase in tax rates will result in an increase in the asset,” it was written.

Moreover, the bank announced that the group's consolidated financial results for the fourth quarter of 2025 will include the creation of a provision for legal risk related to mortgage loans denominated in CHF in the amount of approximately PLN 290 million. The creation of the provision results mainly from the update of the expected financial effects of court judgments and the forecast of the future inflow of lawsuits from borrowers. (PAP Business)

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