Santander Bank Polska's Cost of Risk (loan loss provisions as % of total assets) amounted to 1.65% in the second quarter of 2023, up from 1.01% when compared to the previous quarter.
Historically, the bank’s cost of risk reached an all time high of 2.10% in 4Q2008 and an all time low of -4.83% in 4Q2013. The average cost of risk in the last six quarters amounted to 1.13%.
On the other hand, average asset yield was 6.96% in 2Q2023, up from 5.59% when compared to the same period last year. Cost of funding amounted to 2.36% in 2Q2023, up from 0.923%.
When compared to bank's main peers, PKO BP operated in the second quarter of 2023 with a cost of risk of 2.33% Pekao reached 0.404% and ING Bank Slaski some 0.346%.
You can see all the bank’s data at Santander Bank Polska Profile, or you can download a report on the bank in the report section.