Bank Pekao S.A. closes the first half of 2025 with good financial results. A significant increase in net profit was driven by a revival in lending activity and growth in both the loan and portfolio and the deposit base. In the second quarter alone, credit growth in key strategic segments was in the double digits. The quarterly sales of cash loans, investment products, and accounts for affluent clients reached record levels. The bank maintained its traditionally strong capital position, and risk costs remained low.

Recurring consolidated net profit, adjusted for factors such as the impact of payment moratoria and provisions for legal risks related to Swiss franc loans, rose year-on-year by 13% in the first half of 2025 to PLN 4.12 billion. Reported net profit amounted to PLN 3.29 billion, up 12% year-on-year.

“In the first half of the year, we have seen a certain acceleration in the credit market, driven in part by a recovery in investment activity. It is important that Bank Pekao is taking advantage of this effectively and, in many areas, outperforming the market average. We will do everything we can to ensure that lending activity and client acquisition continue to perform just as strongly in the coming months,” said Cezary Stypułkowski, CEO of Bank Pekao.

In the second quarter, lending in key strategic segments grew at a double-digit pace: cash loan volumes rose by 11%, micro-financing volumes by 12%, and volumes of financing for companies in the MID+SME segments by 13%. Corporate lending overall also grew strongly, increasing by 8%.

The deposit base also continued to grow for another consecutive quarter, increasing by 9% year-on-year, supported by effective acquisition of new clients.

Notably, in the first half of the year, the number of young clients (up to age 26) increased by 70,000. The bank’s strategy includes a plan to increase this group to 1.4 million by 2027, up from 1.1 million in 2024, and it is well on track to achieve this. One in every three new clients acquired by Pekao is under 26 years old. Sales of new accounts for affluent clients – the “Świat Premium” accounts – were also very strong, even record-breaking. Between January and June, more than 21,000 such accounts were opened – 15% more than in the same period a year earlier.

Bank Pekao maintains a very strong capital position. As of the end of June, the group’s Total Capital Ratio (TCR) stood at 17.2%, and the Tier 1 ratio at 15.6% – both significantly above regulatory minimums.

In this year’s edition of the EU-wide stress tests conducted by the European Banking Authority (EBA), Bank Pekao S.A. was once again (as in 2023) the most resilient bank in Europe to adverse macroeconomic scenarios, among the 64 banks examined.

In April, Bank Pekao announced its new strategy through 2027. The target for ROE at the end of the strategy is above 18%, C/I below 35%, and the number of active mobile clients is expected to reach 4.4 million. As of the end of June 2025, these indicators stood at 20.6%, 35.7% (or 31.8% excluding the contribution to the Bank Guarantee Fund), and 3.6 million, respectively – the latter following a 70,000 increase in active mobile banking users in Q2.

Risk costs in the first half remained low at 40 basis points, while the assumed CoR for the end of 2027 is expected to be in the range of 65–75 basis points.