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Investing.com -- Bank Pekao reported a third-quarter net profit of PLN 1,905 million, representing a 4% increase year-over-year and exceeding the PAP consensus estimate of PLN 1,820 million by 5%.
The Polish bank achieved a return on equity (ROE) of 23.7% in the third quarter of 2025, up from 20.3% in the second quarter.
Net interest income rose 5% compared to the same period last year but remained flat quarter-over-quarter, aligning with expectations. The bank’s loan book expanded by 7% year-over-year, with retail loans growing 5% and corporate loans increasing 10%. Net interest margin stood at 4.15%, down from 4.26% in the second quarter.
Net fees and commissions were in line with forecasts, growing 8% year-over-year. Operating expenses increased 12% compared to the same period last year, slightly above consensus estimates by 1%.
Loan provisions amounted to PLN 240 million, 4% below consensus expectations. The cost of risk was 49 basis points compared to 48 basis points in the previous quarter, while the non-performing loan ratio remained stable at 4.5%.
Both the Common Equity Tier 1 (CT1) ratio and Capital Adequacy Ratio (CAR) held steady at 15.6% and 17.0%, respectively.
Bank Pekao reaffirmed its positive outlook on the Polish macroeconomic environment for 2025-2026, expressing strong expectations for investment and credit growth.
Despite the positive results, the bank’s shares declined 2% following the announcement.
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