In the first six months of 2024 PKO Bank Polski achieved consolidated net profit of PLN 4.395 billion, which means an increase of 115 percent compared to the same period last year. – First of all, we are pleased with the increase in the number of customers, year on year by over 230 thousand. We currently exceed 12 million customers within the PKO Bank Polski Group. This trust that we build in customer relations translated in the first half of the year into a dynamic increase in volumes, both loans and deposits in all business lines, and in particular in the retail part, where the volume of loans increased by over 14 percent – says Szymon Midera.
– We have strengthened our position in the area of consumer loans, increasing our market share to almost 19 percent, we have maintained and are strengthening our market position in the area of mortgage loans, we have over 25 percent share in new sales – adds the president and assesses that the bank still has enormous growth potential in the area of loans.
He also draws attention to investment funds. – We exceeded PLN 50 billion in assets in our PKO TFI and collected around 30% of new sales in the first half of this year – he notes.
When it comes to the financial result, Szymon Midera points to nearly 20% ROE, or return on equity, and the fact that without one-off events related to write-offs on the Swiss franc portfolio or credit holidays, the net profit would have been PLN 6.8 billion. “We maintained the interest margin, we showed high cost efficiency, keeping credit risk absolutely under control,” he enumerates.
JPO
