Pekao presents solid financial results for Q1-Q3 2026
The growth in credit dynamics and digitalization contributed to the results. Management emphasizes cost control and strengthening competitive position despite declining interest rates.
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Polish universal bank
pekao.com.plLast updated
In short: Pekao's third-quarter profit fell 20% but beat forecasts amid capital, financing and rebranding moves.
The growth in credit dynamics and digitalization contributed to the results. Management emphasizes cost control and strengthening competitive position despite declining interest rates.
The net result is 18% lower year-on-year mainly due to higher taxes. Loans are growing at double-digit rates, and risk costs remain at a low level.
Net profit amounted to PLN 2.75 billion, loan growth of 10%, low risk costs and strong capital position.
Issuances of domestic and European bonds, including sustainable ones, confirm the bank's leading position in the debt market.
In the third quarter, Bank Pekao's net profit fell by 20 percent year-on-year to 1.52 billion PLN. This is a result 3 percent higher than analysts' expectations.
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