Structure of the separate statement of financial position – short form

The table below presents the Bank’s statement of financial position – short form.

ASSETS 31.12.2025 31.12.2024
PLN MILLION STRUCTURE PLN MILLION STRUCTURE CHANGE
Cash and cash equivalents (*) 12 031 3.6% 14 245 4.5% (15.5%)
Amounts due from banks 1 006 0.3% 379 0.1% > 100%
Loans and advances to customers (**) 179 485 53.1% 165 435 51.8% 8.5%
Reverse repurchase agreements 4 715 1.4% 4 685 1.4% 0.6%
Securities (***) 125 092 37.0% 121 133 37.9% 3.3%
Investments in subsidiaries 2 232 0.7% 1 922 0.6% 16.1%
Investments in associates 42 0.0% 42 0.0% x
Property, plant and equipment and intangible assets 3 859 1.1% 3 575 1.1% 8.0%
Other assets 9 396 2.8% 7 834 2.5% 19.9%
Total assets 337 858 100.0% 319 251 100.0% 5.8%
* Cash and cash equivalents include cash in hand, receivables from the National Bank of Poland, and receivables from banks with a maturity of up to 3 months.
** Including receivables from customers under leasing agreements and non-Treasury debt securities.
*** Including financial assets held for trading and other financial instruments measured at fair value through profit or loss and excluding non-Treasury debt securities.
EQUITY AND LIABILITIES 31.12.2025 31.12.2024
PLN MILLION STRUCTURE PLN MILLION STRUCTURE CHANGE
Amounts due to other banks 1 913 0.6% 2 300 0.7% (16.8%)
Amounts due to customers 268 834 79.6% 259 523 81.3% 3.6%
Debt securities issued 10 006 3.0% 6 542 2.0% 53.0%
Subordinated liabilities 5 642 1.7% 2 782 0.9% > 100%
Repurchase agreements 1 089 0.3% 1 000 0.3% 8.9%
Other liabilities 15 519 4.6% 15 588 4.7% (0.4%)
Total equity 34 855 10.3% 31 516 9.9% 10.6%
Total equity and liabilities 337 858 100.0% 319 251 100.0% 5.8%

Assets

Changes in the structure of assets

Loans and advances to customers and securities represent items of the largest value under assets. As at the end of 2025, they accounted for 53.1 and 37.0% of the total assets respectively in comparison with 51.8% and 37.9% respectively as at the end of 2024.

Customers’ Financing

(PLN million) 31.12.2025 31.12.2024 CHANGE
Loans and advances by nominal value (*) 183 741 169 262 8.6%
Loans 166 845 153 251 8.9%
Retail 84 724 81 181 4.4%
Corporate 82 121 72 070 13.9%
Non-treasury debt securities 16 896 16 011 5.5%
Other (**) 1 552 1 541 0.7%
Impairment allowances on loans and advances (5 808) (5 368) 8.2%
Customer financing 179 485 165 435 8.5%
Reverse repurchase agreements 4 706 4 674 0.7%
Gross customer financing (***) 188 447 173 936 8.3%
* Excluding receivables in the form of resale.
** Including interest and receivables in transit.
*** The gross customer financing item includes loans and advances at nominal value and receivables in the form of resale.

 

As at the end of December 2025, loans and advances at nominal value amounted PLN 183,741 million and were higher by PLN 14,479 million, i.e. 8.6%, than at the end of December 2024.

As at the end of December 2025, the volume of retail loans amounted to PLN 84,724 million and were higher by PLN 3,543 million, i.e. 4.4% than at the end of December 2024, thanks to the sale of cash loans higher by 17.3% y/y, which allowed for an increase in volumes by 13.1% y/y and sales of mortgage loans at the level of PLN 10,8 billion, which allowed for an increase in volumes by 2.8% y/y.

As at the end of December 2025, corporate loans and non-treasury debt securities amounted to PLN 99,017 million and were higher by PLN 10,936 million, i.e. 12.4%, compared to the end of December 2024, mainly due to a strong increase in corporate loans in the MID and SME segments by 13.1% y/y and loans to large enterprises by 11.4% y/y, with the acquisition of over 3.8 thousand new customers and an enriched product offer.

(PLN million) 31.12.2025 31.12.2024 CHANGE
Gross carrying amount 185 293 170 803 8.5%
Stage 1 160 019 145 634 9.9%
Stage 2 17 910 18 645 (3.9%)
Stage 3 7 364 6 524 12.9%
Impairment allowances (5 808) (5 368) 8.2%
Stage 1 (722) (651) 10.9%
Stage 2 (550) (849) (35.2%)
Stage 3 (4 536) (3 868) 17.3%
Total net carrying amount 179 485 165 435 8.5%
* Including non-treasury debt securities, interest and receivables in transit and excluding repurchase agreements.

As at the end of December 2025 the ratio of impaired receivables (stage 3) to the gross receivables amounted to 4.0%

31.12.2025 31.12.2024 CHANGE
PLN MILLION STRUCTURE PLN MILLION STRUCTURE
Denominated in PLN 153 134 82.6% 140 149 82.1% 9.3%
Denominated in foreign currencies (**) 32 159 17.4% 30 654 17.9% 4.9%
Total 185 293 100.0% 170 803 100.0% 8.5%
Impairment allowances on loans and advances (5 808) x (5 368) x 8.2%
Total net carrying amount 179 485 x 165 435 x 8.5%
* Including non-Treasury debt securities, interest and receivables in transit and excluding repurchase agreements.
** Including indexed loans.

 

The currency structure of loans and advances to customers is dominated by amounts expressed in the Polish złoty, as at the end of December 2025, their share was 82.6%. The largest portion of foreign currency loans and advances to customers were represented by those denominated in EUR (92.6%), and USD (5.1%).

31.12.2025 31.12.2024 CHANGE
PLN MILLION STRUCTURE PLN MILLION STRUCTURE
Current and up to 1 month 22 314 12.0% 20 508 12.0% 8.8%
From 1 to 3 months 5 377 2.9% 5 624 3.3% (4.4%)
From 3 months to 1 year 17 361 9.4% 16 519 9.7% 5.1%
From 1 year to 5 years 61 556 33.2% 55 834 32.7% 10.2%
Over 5 years 73 944 39.9% 68 332 40.0% 8.2%
Past due loans and advances 3 189 1.7% 2 446 1.4% 30.4%
Other 1 552 0.8% 1 541 0.9% 0.7%
Total 185 293 100.0% 170 803 100.0% 8.5%
Impairment allowances on loans and advances (5 808) x (5 368) x 8.2%
Total net carrying amount 179 485 x 165 435 x 8.5%
* Including non-treasury debt securities, interest and receivables in transit and excluding repurchase agreements.

 

As at the end of December 2025, loans and advances with maturity over 5 years represents 39.9% of total loans and advances (mainly attributed to mortgage loans, investment loans, and non-treasury debt securities).

Information on loan concentration is included in the Note 20 to the Separate Financial Statements of Bank Pekao S.A. for the year ended on 31 December 2025.

Liabilities

Changes in the structure of liabilities

The largest part of the Bank’s liabilities are funds obtained from customers. At the end of 2025, liabilities to customers, liabilities arising from the issuance of debt securities and subordinated liabilities amounted to PLN 284,482 million, and their share in the balance sheet total amounted to 84.2% (84.2% at the end of 2024). The share of equity in the balance sheet total was 10.3% at the end of 2025 (9.9% at the end of 2024).

External sources of financing

(PLN million) 31.12.2025 31.12.2024 CHANGE
Amounts due to banks 1 913 2 300 (16.8%)
Amounts due to customers 268 834 259 523 3.6%
Debt securities issued 10 006 6 542 53.0%
Subordinated liabilities 5 642 2 782 > 100%
Repurchase agreements 1 089 1 000 8.9%
Total external funding sources 287 484 272 147 5.6%

The deposit base is widely diversified and is sourced from retail and corporate customers. In addition, the Bank uses also funds borrowed on the interbank market. The Bank is not dependent on any single customer nor group of customers.

(PLN million) 31.12.2025 31.12.2024 CHANGE
Amounts due to customers (**) 268 834 259 523 3.6%
Corporate deposits 113 677 109 671 3.7%
Non-financial entities 79 943 79 708 0.3%
Non-banking financial institutions 11 826 9 791 20.8%
General government sector 21 908 20 172 8.6%
Retail deposits 154 482 148 844 3.8%
Other (*) 675 1 008 (33.0%)
Repurchase agreements 1 089 1 000 8.9%
Debt securities issued of which: 10 006 6 542 53.0%
Senior Bonds 9 873 6 456 52.9%
Interest 133 86 54.7%
Investment funds of Pekao TFI S.A. 41 224 32 189 28.1%
of which distributed through the Group’s network 34 595 27 414 26.2%
* The other item includes interest, liabilities in transit.
** Excluding repurchase agreements.

 

As at the end of December 2025, liabilities to the Bank’s customers amounted to PLN 268,834 million and were higher by PLN 9,311 million, i.e. 3.6%, than at the end of December 2024.

As at the end of December 2025, retail and other amounted to PLN 155,099 million and were higher by PLN 5,390 million, i.e. 3.6%, compared to the end of December 2024.

Corporate and other amounted to PLN 113,735 million at the end of December 2025 and were higher at PLN 3,921 million, i.e. 3.6% compared to the end of December 2024.

As at the end of December 2025, the net assets of investment funds managed by Pekao TFI S.A. amounted to PLN 41,224 million and were higher by PLN 9,035 million, i.e. 28.1%, compared to the end of December 2024, thanks to both higher valuation and high net sales of investment funds in 2025 at the level of PLN 5.6 billion.

31.12.2025 31.12.2024 CHANGE
PLN MILLION STRUCTURE PLN MILLION STRUCTURE
Denominated in PLN 225 677 83.9% 216 466 83.4% 4.3%
Denominated in foreign currencies 43 157 16.1% 43 057 16.6% 0.2%
Amounts due to customers 268 834 100.0% 259 523 100.0% 3.6%
* Including interest, liabilities in transit and excluding repurchase transactions.

 

The bulk of the amounts due to customers are denominated in the Polish currency and its share as at the end of December 2025 amounted to 83.9%. The majority of amounts due to customers denominated in foreign currencies were in EUR (65,3%) and USD (28.4%).

31.12.2025 31.12.2024 CHANGE
PLN MILLION STRUCTURE PLN MILLION STRUCTURE
Current accounts and overnight deposits 203 481 75.9% 187 107 72.4% 8.8%
Term deposits 64 678 24.1% 71 408 27.6% (9.4%)
Total deposits 268 159 100.0% 258 515 100.0% 3.7%
Accrued interest 353 x 639 x (44.8%)
Liabilities in transit 322 x 369 x (12.7%)
Amounts due to customers 268 834 x 259 523 x 3.6%
* Excluding repurchase transactions.

Provisions, deferred tax assets and liabilities

(PLN million) 31.12.2025 31.12.2024 CHANGE
Total provisions of which: 2 675 2 164 23.6%
provisions for off-balance sheet commitments 403 519 (22.3%)
provisions for defined benefit plans 314 306 2.6%
other provisions 1 958 1 339 46.3%
Current income tax liabilities – – x
Deferred tax assets 1 043 964 8.2%

Off–balance sheet items

(PLN million) 31.12.2025 31.12.2024 CHANGE
Contingent liabilities granted and received 140 170 131 323 6.7%
Liabilities granted: 102 200 97 886 4.4%
financial 66 798 66 185 0.9%
guarantees 35 402 31 701 11.7%
Liabilities received: 37 970 33 437 13.6%
financial 169 541 (68.7%)
guarantees 37 801 32 896 14.9%
Derivative financial instruments 521 988 458 240 13.9%
interest rate transactions 410 497 364 404 12.6%
currency and gold transactions 104 029 87 017 19.5%
commodity and equity securities transactions 7 462 6 819 9.4%
Total off-balance sheet items 662 158 589 563 12.3%

Information on off-balance-sheet items is included in the Notes 39 to the Separate Financial Statements of Bank Pekao S.A. for the year ended on 31 December 2025.

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