Bank Pekao generated a net profit of PLN 2.75 billion in the first half of 2026. The Bank maintained high double-digit loan growth, reaching 14–15% in its key business segments. Growth in digital channels remained strong. Risk costs stayed low, while Pekao’s capital position remained solid and secure.

Reported net profit for the first half of 2026 was lower than in the corresponding period of the previous year, when it amounted to PLN 3.29 billion. Net profit in the first six months of 2026 was negatively affected by the increase in the corporate income tax rate to 30% from 19%, lower market interest rates, and an PLN 84 million increase in contributions to the Bank Guarantee Fund (BFG).

Net interest income for the first half of the year amounted to PLN 6.61 billion, compared with PLN 6.86 billion in the corresponding period a year earlier. Meanwhile, fee and commission income increased by 11% year on year to PLN 1.66 billion in January–June 2026, driven by growing customer activity and favorable conditions in capital markets.

“We have completed a solid first half of the year. Our lending activity continues to grow dynamically despite a less favorable geopolitical environment. Effective customer acquisition and strong customer activity have enabled us to offset the impact of lower market interest rates. In the coming quarters, our goal remains to further improve our offering and strengthen our market position,” said Cezary Stypułkowski, CEO of Bank Pekao.

In the first half of 2026, total loan volumes increased by 10%. Corporate lending (including both corporate banking and enterprise banking segments) grew by as much as 14%. Cash loan volumes rose strongly, by 14.8%, with PLN 2.3 billion in net new sales generated in the second quarter alone, representing a year-on-year increase of 16.3%.

During the first half of the year, Bank Pekao opened 226,000 Przekorzystne Accounts and Premium World Accounts. The Bank maintained a strong pace of acquiring young customers, with one-third of all new accounts opened by people aged up to 26. Under its strategy, Pekao plans to increase the number of young customers to 1.4 million by 2027, up from 1.1 million in 2024.

For Bank Pekao, acquiring new customers means focusing on meeting their needs. In June, the Bank launched its Travel Promotion campaign, the first initiative under its new positioning platform, “Curious about the world. Mobile in life.” The campaign focuses on travel, one of the most aspirational areas of dreams and financial decisions for Polish consumers. New customers can receive up to PLN 2,400 annually toward travel-related expenses. The solution turns everyday purchases into tangible support for travel spending, covering everything from airline, rail, and coach tickets to fuel and travel packages. Payment rings complement the offer.

Bank Pekao’s capital position remains strong. At the end of June, the Group’s Total Capital Ratio (TCR) stood at 16.8%, while the Tier 1 ratio amounted to 15.2%. Both indicators remained significantly above regulatory minimum requirements.

In the spring of last year, Bank Pekao announced its strategy through 2027. By the end of the strategic period, the Bank aims to achieve a return on equity (ROE) of above 18%, a cost-to-income ratio (C/I) below 35%, and 4.4 million active mobile banking customers.

For the first half of the year, ROE including the annualized cost of the Bank Guarantee Fund amounted to 16.8%, while ROE adjusted for the CIT rate change would have reached 19.4%. The cost-to-income ratio, including the annualized BFG contribution, stood at 36.4% (or 34.0% excluding the BFG contribution). The number of active mobile banking users increased to 3.84 million by the end of June.

Risk costs amounted to 42 basis points in the first half of the year. The Bank’s target cost of risk (CoR) by the end of 2027 is expected to be in the range of 65–75 basis points.