Profit exceeded market expectations. Banks in Q2 showed their results

The net profit of stock market banks in the second quarter of 2025 exceeded PLN 9 billion, breaking the market expectations by 7 %, which was influenced by, among others, lower than the costs of credit risk than expected – according to data collected by PAP Biznes. According to analysts, banks once again showed very good results, and the quality of the credit portfolio remained under control.

Last week, the largest stock market banks ended the season publication season for the second quarter of 2025. From the data collected by PAP, data from 8 banks for which a consensus was prepared, it follows that net profit during this period amounted to PLN 9.08 billion, i.e. it was 7 percent. higher than expected (PLN 8.46 billion). The results of all analyzed banks turned out to be higher than the consensus, higher than the results achieved a year earlier and in the previous quarter.

“Banks' results in the second quarter as expected turned out to be very good, the interest result increased despite the lower feet and even after taking into account credit holidays in 2024. High income allowed to pay less attention to the costs of activity. Attention is also drawn to the better quality of results (dynamics of the operational result and dynamics of volumes) in state banks. In summary – banks showed more good results, as in previous quarters, “BMA Bank Millennium analyst Marcin Materna told PAP.

The result on the title of interest and the result of fees and commissions were similar to the expectations of analysts, with the latter by 1 percent. higher than consensus. The cost of banks did not surprise either. A positive surprise was, however, more than 20 % lower balance of reserves formed. The collected data shows that banks established reserves worth PLN 1.04 billion, and they were expected to amount to PLN 1.3 billion. All analyzed banks established lower than the expectations of the reserve, and in the case of two (Bank Millennium and BNP Paribas BP) the balance of reserves in the second quarter was even positive, while the market expected to establish reserves during this period.

Bank representatives at the conferences indicated that the low -quality credit portfolio was influenced by the low risk of the loan portfolio, some of the banks also informed about the sale of the NPL portfolio (e.g. Bank Millennium, Alior Bank and Santander BP), or about changes in models made in the second quarter (BNP Paribas Bank Polska) and with the positive impact of macroeconomic parameters on reserves (e.g. ING ( BSK).

In the second quarter, the results of all analyzed banks turned out to be higher than market expectations, of which the biggest positive surprise concerned Bank Millennium, whose net result turned out to be 26 percent. higher than consensus and amounted to PLN 331 million.

This bank informed that its results were under the influence of more important and extraordinary events and on the positive side, in other operating revenues he recognized the profit from the sale of real estate, and in the result of financial instruments it was included in the overestimation of shares in one of the capital investments. In turn, seasonal settlement with a card organization reduced administrative costs, while the sale of the NPL portfolio reduced the costs of credit risk.

The highest net profit in the second quarter was achieved by PKO BP (PLN 2.66 billion) and this result turned out to be 6 percent. above market expectations. Analysts pointed out that the bank showed good results, supported by a strong interest result and acceleration of loan growth.

The results of PKO BP charged the largest in the second quarter in the sector of the CHF loan portfolio reserve. The costs of legal risk of mortgage loans in convertible currencies amounted to PLN 1.25 billion and were at the level estimated earlier by the bank.

Total legal risk reserves related to currency loans of eight analyzed banks in the second quarter of about PLN 3.7 billion.

The collected data shows that the interest result of banks increased 16 percent. yard, and the commission result by 6 percent Compared to the first quarter, the interest result fell slightly, and the commission result increased by 3 percent. Total costs increased 8 percent. and 15 percent fell KDK. The decrease in quarterly terms was caused by, among others Lack of BFG and KNF costs incurred in the first quarter.

The balance of reserves fell both in terms of yards and KDK (38 % of 28 %, respectively), while net profit increased by 23 percent. RDR and 1 percent KDK.

In the second quarter, representatives of banks drew attention to increased demand for loans, acceleration on the credit market.

PKO BP reported that he is observing an increase in the demand for loans in all market segments, in the second half of the year he expects stable growth in mortgage loans and greater revival in the corporate and consumer area.

Pekao stated that in the second quarter in key strategic segments the increase in credit shares was two -digit and the bank recorded a record -breaking cash loan in this period (approx. PLN 2 billion).

The collected data relate to PKO BP, Pekao SA, Santander Bank Polska, mBank, Bank Millennium, ING Bank Śląski, Alior Bank and BNP Paribas Bank Polska.

On Thursday, August 28, the results for the second quarter will be shown by Bank Handlowy. Analysts expect that the net profit of this bank will amount to PLN 157 million, so 60 percent will fall. rdr. However, the sale of retail activities to Velobank, which will be defined as abandoned activities, will have an impact on the bank's results.

At the end of May, Bank Handlowy signed a contract for the sale of a bank's retail activity for Velobank. According to earlier information, in the second quarter, the bank is to recognize a one -off net loss from a transaction of approximately PLN 380 million. (PAP Biznes)

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