Bank Pekao S.A. has kicked off 2025 with strong financial results, driven by solid performance across all business segments. The bank reported an increase in net profit and successfully capitalized on favorable macroeconomic conditions. Its customer base expanded, loan volumes grew, and digital banking maintained its momentum.
The recurring consolidated net profit, adjusted for factors such as loan holidays and legal risk provisions related to Swiss franc loans, reached PLN 2.076 billion in the first quarter of 2025. The reported net profit stood at PLN 1.685 billion.
“This first quarter also marks the last reporting period before we announce our short-term strategy. The results show we have all the resources, capabilities, and means to enter this new strategic phase with force. It’s crucial that we continue to see momentum in loan activity, client acquisition, and digital banking development,” said Cezary Stypułkowski, CEO of Bank Pekao.
The rise in net profit was mainly due to double-digit growth in both interest income and fee & commission income. Net interest income in Q1 2025 reached PLN 3.4 billion, up 11% year-over-year. Fee and commission income rose 10% compared to Q1 2024, totaling PLN 732 million.
For yet another quarter, deposits grew significantly, rising 8% year-over-year, supported by strong client acquisition, record savings account sales (170,000 in Q1 2025), and a solid number of new current accounts.
On the lending side, total loan volume increased 4% year-over-year. The retail loan portfolio grew by 5%, and corporate loans rose by 4%.
There was also strong momentum in new cash loan sales, which increased by 25%, with 89% of those loans sold remotely. In corporate banking, the bank noted a 12% increase in financing for MID and SME segments.
Risk costs remained low at 33 basis points in Q1. Bank Pekao continues to maintain a very strong capital position. As of the end of March, the total capital ratio (TCR) was 17.4%, and the Tier 1 capital ratio stood at 16.2%—both well above regulatory minimums.
This healthy capital position allowed the bank to declare a dividend payout of PLN 4.8 billion, which represents 75% of its 2024 profit, translating to PLN 18.36 per share. The dividend record date is set for May 7, with the payout date scheduled for May 23.
Bank Pekao is now entering a new strategic phase. Key targets for the end of 2027 include:
- Return on equity (ROE) above 18%
- Cost-to-income (C/I) ratio below 35%
- 4.4 million active mobile clients
As of the end of March 2025, these indicators stood at:
- ROE: 20.5%
- C/I: 38.5% (or 31.3% excluding the Bank Guarantee Fund contribution)
- Mobile clients: 3.5 million (an increase of 90,000 in Q1 alone)
