In 2025, the net profit of Bank Pekao S.A. amounted to PLN 6,922 million, which was higher by PLN 497 million, i.e. 7.7% compared to the result achieved in 2024. This was the highest result achieved in the Bank’s operations to date.
The results of 2025 include the establishment of provisions for matters related to consumer protection in the amount of PLN -201 million net, higher by PLN 149 million y/y, and revaluation of deferred tax assets, with a positive impact on net profit in the amount of PLN 179 million.
In 2025, the Bank’s operating income amounted to PLN 16,318 million and was higher by 6.7% than in 2024, mainly due to net interest income and net fee and commission income, which was driven by volume increases and increased customer activity.
Net interest income generated in 2025 amounted to PLN 13,233 million and was higher by PLN 882 million, i.e. 7.1%, compared to the result achieved in 2024, mainly due to higher volumes, especially in strategic product areas and higher interest margin, with continued high liquidity and lower costs of deposits. The 2024 results include the costs of credit holidays in the amount of PLN 150 million.
Interest and similar income in 2025 amounted to PLN 18,135 million and were higher by PLN 427 million y/y thanks to higher volumes, especially in the strategic areas of cash loans, growing by over 13% y/y, corporate loans from the MID and SME segments, also growing by more than 13% y/y. The 2024 results include the costs of credit holidays in the amount of PLN 150 million.
Interest expense in 2025 amounted to PLN 4,902 million and was lower by PLN 455 million y/y, despite higher volumes of liabilities to customers and from the issue of debt securities.
The net interest margin achieved in 2025 amounted to 4.2% and remained at the level recorded in 2024, excluding the costs of credit holidays, despite lower interest rates.
The table below presents the Bank’s net fee and commission income divided according to the main areas of the activity.
Operating expenses in 2025 amounted to PLN 5,083 million and were higher by PLN 289 million, i.e. 6.0% compared to 2024. supporting business growth, with the cost of salaries and other employee benefits at the level of the previous year, thanks to the launch of the voluntary redundancy program at the end of 2024.
The cost/income ratio (including BFG contributions) in 2025 was 33.5% compared to 32.9% in 2024.
Bank Guarantee Fund in 2025 amounted to PLN 381 million and were higher by PLN 144 million, i.e. 60.8% than in 2024, due to the restoration of contributions to the Bank Guarantee Fund, which had not been collected for the last two years, and an increase in the volume of guaranteed funds.
The tax on certain financial institutions in 2025 amounted to PLN 861 million and was lower by PLN 37 million, i.e. 4.1% than in 2024.
The net allowances for expected credit losses in the 2025 amounted to PLN 606 million and were lower by PLN 32 million, i.e. 5.0% than in the 2024.
The Bank’s cost of risk in 2025 amounted to 0.34%, which is 0.04 p.p. was lower than the previous year and is in line with the strategic assumptions and the adopted risk appetite.