– Hello ladies and gentlemen, in my new role, for the first time I have the pleasure of presenting Pekao's quarterly results – said Cezary Stypułkowski at the Thursday conference, which was at the beginning of October this year. took over as president of Pekao Bank,
Stypułkowski stressed that while it was not his fault, the bank posted a record high and repeatable net result, adjusted for one-off events (including the write-off of Swiss franc loans), and the bank's profitability was high despite interest rates being lower than a year earlier.
How much does Pekao Bank earn?
The bank's results are impressive. Bank Pekao SA group net profit for the third quarter of 2024 was PLN 1.83 billion, compared to PLN 1.76 billion a year earlier. Bank profits also increased by 7%. above market expectations, in the Parkiet survey, analysts estimated an average of PLN 1.7 billion.
The bank reported that the third quarter was the best in history in terms of net profit and this was mainly due to increased interest income, revival of loans and growth in loan portfolio. Recurring consolidated net profit, adjusted for the impact of the credit holiday and allowance for risks related to CHF loans, increased by 4% year-on-year in the third quarter. up to PLN 1.88 billion.