{"id":4331,"date":"2026-04-30T10:31:12","date_gmt":"2026-04-30T10:31:12","guid":{"rendered":"https:\/\/www.europesays.com\/poland\/4331\/"},"modified":"2026-04-30T10:31:12","modified_gmt":"2026-04-30T10:31:12","slug":"polands-bank-pekao-posts-27-drop-in-q1-profit-but-beats-market-view","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/poland\/4331\/","title":{"rendered":"Poland’s Bank Pekao posts 27% drop in Q1 profit, but beats market view"},"content":{"rendered":"

GDANSK, April 30 (Reuters) – Poland’s \u200bsecond-biggest lender Bank Pekao (PEO.WA), opens new tab<\/a> reported a nearly 27% drop in \u200cits first-quarter profit on Thursday due to higher taxes, costs and provisions, but beat market expectations aided by strong new loans.<\/p>\n

The lender said sales of mortgage \u200bloans jumped 14% from a year ago to 2.8 billion \u200bzlotys ($766 million), with a 36% increase in sales recorded in \u2060March alone.<\/p>\n

Sign up here.<\/a><\/p>\n

“The growth in our loan portfolio has enabled us \u200bto bolster our net interest income, despite lower interest rates. We are \u200bdoing everything we can to be the bank of first choice and to strengthen our competitive position,” CEO Cezary Stypulkowski said in the statement.<\/p>\n

Pekao posted a net \u200bprofit of 1.23 billion zlotys for the first quarter, beating the \u200b1.16 billion zloty estimate from analysts polled by the bank.<\/p>\n

It said the increase \u200cin \u2060contributions to the Bank Guarantee Fund reduced the net profit by 110 million zlotys compared to last year.<\/p>\n

Quarterly net interest income fell 3% from last year to 3.31 billion zlotys. Net fee and commission income \u200bwas up 13.3% \u200bat 829 million \u2060zlotys.<\/p>\n

Net interest margin was 3.92% in the quarter, compared to 4.07% in the last three months of \u200b2025.<\/p>\n

Pekao also said it was closely monitoring the risks \u200barising \u2060from the conflict in the Middle East.<\/p>\n

“Exposure to entities from countries in this region and from sectors particularly vulnerable to the risk of a \u2060supply \u200bshock in raw materials is limited and \u200baccounts for 0.14% and 5.48% respectively of the group\u2019s total balance sheet exposure,” it said \u200bin a statement.<\/p>\n

($1 = 3.6546 zlotys)<\/p>\n

Reporting by Adrianna Ebert; editing by Milla Nissi-Prussak<\/p>\n

Our Standards: The Thomson Reuters Trust Principles., opens new tab<\/a><\/p>\n

Purchase Licensing Rights<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"GDANSK, April 30 (Reuters) – Poland’s \u200bsecond-biggest lender Bank Pekao (PEO.WA), opens new tab reported a nearly 27%…\n","protected":false},"author":2,"featured_media":4332,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[3548,3549,3550,3551,3552,3553,3554,3562,3555,3568,3567,3565,3566,3563,3556,3557,3558,3547,3564,9,3559,3560,3561,3546],"class_list":{"0":"post-4331","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-poland","8":"tag-bact","9":"tag-bisv","10":"tag-biz","11":"tag-bnk","12":"tag-bnks","13":"tag-bnks1","14":"tag-bsvc","15":"tag-ceeu","16":"tag-cmpny","17":"tag-destoukbsm","18":"tag-eeu","19":"tag-emea","20":"tag-emrg","21":"tag-europ","22":"tag-fin","23":"tag-fins","24":"tag-gdy1","25":"tag-mtpix","26":"tag-pl","27":"tag-poland","28":"tag-publ","29":"tag-pxp","30":"tag-res","31":"tag-rulesresults"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/poland\/wp-json\/wp\/v2\/posts\/4331","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/poland\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/poland\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/poland\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/poland\/wp-json\/wp\/v2\/comments?post=4331"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/poland\/wp-json\/wp\/v2\/posts\/4331\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/poland\/wp-json\/wp\/v2\/media\/4332"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/poland\/wp-json\/wp\/v2\/media?parent=4331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/poland\/wp-json\/wp\/v2\/categories?post=4331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/poland\/wp-json\/wp\/v2\/tags?post=4331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}