The structure of the net profit

Pekao Investment Management S.A. – Pekao IM

Pekao IM’s consolidated net profit in 2024, amounted to PLN 168 million, compared to PLN 95 million achieved in 2023. The result was influenced by the favorable situation on the capital market, encouraging clients to invest in investment funds, which translated into an increase in the value of assets managed by Pekao TFI.

Pekao Leasing Sp. z o.o. 

In 2024, Pekao Leasing generated a net profit of PLN 108 million compere to PLN 96 million in  2023. The higher result was achieved with a 7.3% increase in the value of leased assets.

Centrum Kart S.A.

In 2024, Centrum Kart achieved a net profit of PLN 10 million, compared to PLN 3 million achieved in 2023. The result was achieved by a significant increase in revenues from services provided to Bank Pekao S.A. with an inflationary increase in costs.

PeUF Sp. z o.o.

In 2024, PeUF achieved a net profit of PLN 9 million, and was at a similar level compared to the previous year.

Pekao Financial Services Sp. z o.o.

In 2024, PFS generated a net profit of PLN 10 million (including the Bank’s share of PLN 7 million), compared to a profit of PLN 7 million achieved in 2023. The net result was higher due to the increase in PFS revenues as a result of the positive situation on the capital market and the optimization of the level of operating costs.

Krajowy Integrator Płatności S.A.

In 2024, KIP generated a net profit of PLN 18 million (of which PLN 7 million was included in the Group’s result), compared to PLN 16 million achieved in 2023. The increase in the result is the result of further dynamic development of KIP’s activity, a larger customer base, also as a result of the strategic partnership with the Bank.

Pekao Bank Hipoteczny S.A. 

In 2024, Pekao Bank Hipoteczny achieved a net profit of PLN 5 million, compared to a loss of PLN -109 million in 2023. The result of the current period was influenced by lower than in 2023 costs of legal risk of foreign currency mortgage loans related to the portfolio of mortgage loans denominated in CHF and costs related to the modification of PLN mortgage loan agreements granted to consumers due to their suspension of loan repayments (credit holidays).

Pekao Direct Sp. z o.o.

In 2024, Pekao Direct generated a net profit of PLN 3 million and was at a similar level compared to the previous year.

Pekao Investment Banking S.A. 

In 2024, Pekao IB achieved a net profit of PLN 3 million, compared to a profit of PLN 14 million in 2023. The result was mainly influenced by lower income from investment banking services, also with a smaller number of completed projects compared to the previous year.

Pekao Faktoring Sp. z o.o. 

In 2024, Pekao Faktoring reported a net loss of PLN – 129 million compared to PLN 13 million in 2023. The result of the credit risk management system (including a one-time write-off). Pekao Faktoring ranks second in turnover on the Polish factoring market.