By Helgi Library - November 8, 2023
Pekao made a net profit of PLN 1,716 mil in the third quarter of 2023, up 416% when compared to the same period of last year. ...
By Helgi Library - November 8, 2023
Pekao made a net profit of PLN 1,716 mil in the third quarter of 2023, up 416% when compared to the same period of last year. ...
By Helgi Library - November 8, 2023
Pekao made a net profit of PLN 1,716 mil under revenues of PLN 3,777 mil in the third quarter of 2023, up 416% and 267% r...
| Profit Statement | 2020 | 2021 | 2022 | |
| Net Interest Income | PLN mil | 5,228 | 5,661 | 8,244 |
| Net Fee Income | PLN mil | 2,434 | 2,688 | 2,807 |
| Other Income | PLN mil | 770 | 174 | -290 |
| Total Revenues | PLN mil | 8,432 | 8,522 | 10,761 |
| Staff Cost | PLN mil | 2,040 | 2,156 | 2,300 |
| Operating Profit | PLN mil | 3,426 | 3,775 | 4,893 |
| Provisions | PLN mil | 1,152 | 778 | 2,016 |
| Net Profit | PLN mil | 1,165 | 2,177 | 1,719 |
| Balance Sheet | 2020 | 2021 | 2022 | |
| Interbank Loans | PLN mil | 2,578 | 3,328 | 4,679 |
| Customer Loans | PLN mil | 142,488 | 159,229 | 158,721 |
| Investments | PLN mil | 71,809 | 67,321 | 80,317 |
| Total Assets | PLN mil | 233,217 | 250,567 | 281,139 |
| Shareholders' Equity | PLN mil | 25,495 | 23,851 | 22,763 |
| Interbank Borrowing | PLN mil | 10,846 | 8,575 | 8,594 |
| Customer Deposits | PLN mil | 177,745 | 195,162 | 210,747 |
| Issued Debt Securities | PLN mil | 9,311 | 8,117 | 13,127 |
| Ratios | 2020 | 2021 | 2022 | |
| ROE | % | 4.76 | 8.82 | 7.38 |
| ROA | % | 0.534 | 0.900 | 0.647 |
| Costs (As % Of Assets) | % | 2.29 | 1.96 | 2.21 |
| Costs (As % Of Income) | % | 59.4 | 55.7 | 54.5 |
| Capital Adequacy Ratio | % | 18.7 | 16.9 | 17.4 |
| Net Interest Margin | % | 2.40 | 2.34 | 3.10 |
| Loans (As % Of Deposits) | % | 80.2 | 81.6 | 75.3 |
| NPLs (As % Of Loans) | % | 5.34 | 4.88 | 6.03 |
| Provisions (As % Of NPLs) | % | 90.5 | 98.6 | 102 |
| Valuation | 2020 | 2021 | 2022 | |
| Market Capitalisation | USD mil | 4,292 | 7,887 | 4,842 |
| Number Of Shares | mil | 262 | 262 | 262 |
| Share Price | PLN | 61.1 | 122 | 86.5 |
| Price/Earnings (P/E) | 13.8 | 14.7 | 13.2 | |
| Price/Book Value (P/BV) | 0.629 | 1.34 | 0.997 | |
| Dividend Yield | % | 0 | 0 | 4.97 |
| Earnings Per Share (EPS) | PLN | 4.44 | 8.29 | 6.55 |
| Book Value Per Share | PLN | 97.1 | 90.9 | 86.7 |
| Dividend Per Share | PLN | 0 | 0 | 4.30 |
Get all company financials in excel:
| summary | Unit | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
| income statement | ||||||||||||||||||||||||||||
| Net Interest Income | PLN mil | 4,399 | 4,613 | 5,014 | 5,490 | 5,228 | ||||||||||||||||||||||
| Total Revenues | PLN mil | 7,604 | 7,624 | 8,114 | 8,737 | 8,432 | ||||||||||||||||||||||
| Operating Profit | PLN mil | 3,574 | 3,496 | 3,813 | 3,977 | 3,426 | ||||||||||||||||||||||
| Net Profit | PLN mil | 2,284 | 2,131 | 2,217 | 2,169 | 1,165 | ||||||||||||||||||||||
| balance sheet | ||||||||||||||||||||||||||||
| Interbank Loans | PLN mil | 3,258 | 2,627 | 2,268 | 1,792 | 2,578 | ||||||||||||||||||||||
| Customer Loans | PLN mil | 122,664 | 132,301 | 129,297 | 140,913 | 142,488 | ||||||||||||||||||||||
| Investments | PLN mil | 35,878 | 38,658 | 39,361 | 47,175 | 71,809 | ||||||||||||||||||||||
| Total Assets | PLN mil | 174,215 | 185,466 | 191,090 | 203,323 | 233,217 | ||||||||||||||||||||||
| Shareholders' Equity | PLN mil | 22,912 | 23,268 | 22,808 | 23,398 | 25,495 | ||||||||||||||||||||||
| Interbank Borrowing | PLN mil | 6,939 | 6,245 | 6,071 | 7,108 | 10,846 | ||||||||||||||||||||||
| Customer Deposits | PLN mil | 136,380 | 145,398 | 149,143 | 157,203 | 177,745 | ||||||||||||||||||||||
| Issued Debt Securities | PLN mil | 1,523 | 4,029 | 7,243 | 9,480 | 9,311 | ||||||||||||||||||||||
| ratios | ||||||||||||||||||||||||||||
| ROE | % | ... | 9.86 | 9.23 | 9.62 | 9.39 | 4.76 | |||||||||||||||||||||
| ROA | % | ... | 1.33 | 1.18 | 1.18 | 1.10 | 0.534 | |||||||||||||||||||||
| Costs (As % Of Assets) | % | ... | 2.35 | 2.30 | 2.28 | 2.41 | 2.29 | |||||||||||||||||||||
| Costs (As % Of Income) | % | 53.0 | 54.1 | 53.0 | 54.5 | 59.4 | ||||||||||||||||||||||
| Capital Adequacy Ratio | % | 17.6 | 17.1 | 17.4 | 17.1 | 18.7 | ||||||||||||||||||||||
| Net Interest Margin | % | ... | 2.56 | 2.57 | 2.66 | 2.78 | 2.40 | |||||||||||||||||||||
| Interest Income (As % Of Revenues) | % | 57.8 | 60.5 | 61.8 | 62.8 | 62.0 | ||||||||||||||||||||||
| Fee Income (As % Of Revenues) | % | 31.4 | 30.9 | 30.3 | 29.0 | 28.9 | ||||||||||||||||||||||
| Staff Cost (As % Of Total Cost) | % | ... | 47.1 | 47.2 | 47.3 | 43.6 | 40.8 | |||||||||||||||||||||
| Equity (As % Of Assets) | % | 13.2 | 12.5 | 11.9 | 11.5 | 10.9 | ||||||||||||||||||||||
| Loans (As % Of Deposits) | % | 89.9 | 91.0 | 86.7 | 89.6 | 80.2 | ||||||||||||||||||||||
| Loans (As % Assets) | % | 70.4 | 71.3 | 67.7 | 69.3 | 61.1 | ||||||||||||||||||||||
| NPLs (As % Of Loans) | % | 5.97 | 5.39 | 5.32 | 5.14 | 5.34 | ||||||||||||||||||||||
| Provisions (As % Of NPLs) | % | 74.5 | 74.4 | 86.3 | 85.4 | 90.5 | ||||||||||||||||||||||
| valuation | ||||||||||||||||||||||||||||
| Market Capitalisation | USD mil | ... | ... | 7,905 | 9,787 | 7,638 | 6,955 | 4,292 | ||||||||||||||||||||
| Number Of Shares | mil | ... | ... | ... | ... | ... | 262 | 262 | 262 | 262 | 262 | |||||||||||||||||
| Share Price | PLN | ... | ... | 126 | 130 | 109 | 100 | 61.1 | ||||||||||||||||||||
| Earnings Per Share (EPS) | PLN | ... | ... | ... | ... | ... | 8.70 | 8.12 | 8.44 | 8.27 | 4.44 | |||||||||||||||||
| Book Value Per Share | PLN | ... | ... | ... | ... | ... | 87.3 | 88.6 | 86.9 | 89.1 | 97.1 | |||||||||||||||||
| Dividend Per Share | PLN | 8.68 | 7.90 | 6.60 | 7.00 | 0 | ||||||||||||||||||||||
| Price/Earnings (P/E) | ... | ... | ... | ... | ... | 14.5 | 16.0 | 12.9 | 12.2 | 13.8 | ||||||||||||||||||
| Price/Book Value (P/BV) | ... | ... | ... | ... | ... | 1.44 | 1.46 | 1.25 | 1.13 | 0.629 | ||||||||||||||||||
| Dividend Yield | % | ... | ... | 6.90 | 6.10 | 6.06 | 6.97 | 0 | ||||||||||||||||||||
| Earnings Per Share Growth | % | ... | ... | ... | ... | ... | ... | -6.61 | -6.68 | 3.99 | -2.07 | -46.3 | ||||||||||||||||
| Book Value Per Share Growth | % | ... | -2.19 | 1.55 | -1.98 | 2.59 | 8.96 |
| income statement | Unit | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
| income statement | ||||||||||||||||||||||||||||
| Interest Income | PLN mil | 5,465 | 5,660 | 6,143 | 6,715 | 5,876 | ||||||||||||||||||||||
| Interest Cost | PLN mil | 1,066 | 1,047 | 1,128 | 1,225 | 647 | ||||||||||||||||||||||
| Net Interest Income | PLN mil | 4,399 | 4,613 | 5,014 | 5,490 | 5,228 | ||||||||||||||||||||||
| Net Fee Income | PLN mil | 2,390 | 2,353 | 2,463 | 2,534 | 2,434 | ||||||||||||||||||||||
| Fee Income | PLN mil | 2,683 | 2,664 | 2,844 | 2,912 | 2,905 | ||||||||||||||||||||||
| Fee Expense | PLN mil | 293 | 311 | 382 | 379 | 472 | ||||||||||||||||||||||
| Other Income | PLN mil | 815 | 658 | 638 | 713 | 770 | ||||||||||||||||||||||
| Total Revenues | PLN mil | 7,604 | 7,624 | 8,114 | 8,737 | 8,432 | ||||||||||||||||||||||
| Staff Cost | PLN mil | ... | 1,897 | 1,950 | 2,037 | 2,078 | 2,040 | |||||||||||||||||||||
| Depreciation | PLN mil | ... | ... | ... | 169 | 177 | 178 | 299 | 308 | |||||||||||||||||||
| Other Cost | PLN mil | ... | ... | ... | 1,964 | 2,001 | 2,087 | 2,384 | 2,657 | |||||||||||||||||||
| Operating Cost | PLN mil | 4,030 | 4,128 | 4,302 | 4,760 | 5,005 | ||||||||||||||||||||||
| Operating Profit | PLN mil | 3,574 | 3,496 | 3,813 | 3,977 | 3,426 | ||||||||||||||||||||||
| Provisions | PLN mil | 417 | 497 | 471 | 590 | 1,152 | ||||||||||||||||||||||
| Extra and Other Cost | PLN mil | 255 | 271 | 382 | 379 | 472 | ||||||||||||||||||||||
| Pre-Tax Profit | PLN mil | 2,902 | 2,728 | 2,960 | 3,008 | 1,803 | ||||||||||||||||||||||
| Tax | PLN mil | 618 | 597 | 743 | 837 | 637 | ||||||||||||||||||||||
| Minorities | PLN mil | 0.489 | 0.579 | 0.650 | 1.57 | 1.19 | ||||||||||||||||||||||
| Net Profit | PLN mil | 2,284 | 2,131 | 2,217 | 2,169 | 1,165 | ||||||||||||||||||||||
| Net Profit Avail. to Common | PLN mil | 2,284 | 2,131 | 2,217 | 2,169 | 1,165 | ||||||||||||||||||||||
| Dividends | PLN mil | 2,278 | 2,074 | 1,732 | 0 | 0 | ||||||||||||||||||||||
| growth rates | ||||||||||||||||||||||||||||
| Net Interest Income Growth | % | ... | 5.23 | 4.88 | 8.69 | 9.50 | -4.77 | |||||||||||||||||||||
| Net Fee Income Growth | % | ... | 19.2 | -1.55 | 4.66 | 2.89 | -3.95 | |||||||||||||||||||||
| Total Revenue Growth | % | ... | 2.86 | 0.263 | 6.43 | 7.68 | -3.50 | |||||||||||||||||||||
| Operating Cost Growth | % | ... | 14.2 | 2.43 | 4.20 | 10.7 | 5.14 | |||||||||||||||||||||
| Operating Profit Growth | % | ... | -7.52 | -2.19 | 9.07 | 4.31 | -13.8 | |||||||||||||||||||||
| Pre-Tax Profit Growth | % | ... | -3.85 | -6.02 | 8.53 | 1.60 | -40.1 | |||||||||||||||||||||
| Net Profit Growth | % | ... | -6.56 | -6.72 | 4.04 | -2.14 | -46.3 | |||||||||||||||||||||
| market share | ||||||||||||||||||||||||||||
| Market Share in Revenues | % | 12.9 | 12.3 | 12.6 | 12.4 | 13.7 | ... | |||||||||||||||||||||
| Market Share in Net Profit | % | 16.4 | 15.6 | 17.0 | 15.8 | -344 | ||||||||||||||||||||||
| Market Share in Employees | % | 10.5 | 10.5 | 10.3 | 9.99 | 8.64 | ||||||||||||||||||||||
| Market Share in Bank Cards | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 7.44 | 9.91 | ... | ... | ... | ... | ... | |||||||
| Market Share in Branches | % | ... | ... | ... | 6.80 | 6.14 | 6.52 | 6.56 | 6.84 | ... | ... |
| balance sheet | Unit | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
| balance sheet | ||||||||||||||||||||||||||||
| Cash & Cash Equivalents | PLN mil | 5,873 | 5,236 | 13,027 | 5,163 | 4,456 | ||||||||||||||||||||||
| Interbank Loans | PLN mil | 3,258 | 2,627 | 2,268 | 1,792 | 2,578 | ||||||||||||||||||||||
| Customer Loans | PLN mil | 122,664 | 132,301 | 129,297 | 140,913 | 142,488 | ||||||||||||||||||||||
| Retail Loans | PLN mil | 58,380 | 64,378 | 71,459 | 77,159 | 79,602 | ||||||||||||||||||||||
| Mortgage Loans | PLN mil | ... | ... | ... | ... | 46,026 | 50,446 | 56,263 | 57,582 | 61,104 | ||||||||||||||||||
| Consumer Loans | PLN mil | ... | ... | ... | ... | 12,354 | 13,932 | 15,196 | 19,577 | 18,498 | ||||||||||||||||||
| Corporate Loans | PLN mil | 55,257 | 58,841 | 54,754 | 65,301 | 65,830 | ||||||||||||||||||||||
| Investments | PLN mil | 35,878 | 38,658 | 39,361 | 47,175 | 71,809 | ||||||||||||||||||||||
| Property and Equipment | PLN mil | 1,423 | 1,425 | 1,420 | 1,920 | 1,919 | ||||||||||||||||||||||
| Intangible Assets | PLN mil | 596 | 1,526 | 1,527 | 1,618 | 2,008 | ||||||||||||||||||||||
| Goodwill | PLN mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 55.5 | 748 | 748 | 748 | 748 | ... | ... | |||||||
| Total Assets | PLN mil | 174,215 | 185,466 | 191,090 | 203,323 | 233,217 | ||||||||||||||||||||||
| Shareholders' Equity | PLN mil | 22,912 | 23,268 | 22,808 | 23,398 | 25,495 | ||||||||||||||||||||||
| Of Which Minority Interest | PLN mil | 14.9 | 0 | 11.5 | 11.7 | 11.3 | ||||||||||||||||||||||
| Liabilities | PLN mil | 151,303 | 162,198 | 168,282 | 179,925 | 207,722 | ||||||||||||||||||||||
| Interbank Borrowing | PLN mil | 6,939 | 6,245 | 6,071 | 7,108 | 10,846 | ||||||||||||||||||||||
| Customer Deposits | PLN mil | 136,380 | 145,398 | 149,143 | 157,203 | 177,745 | ||||||||||||||||||||||
| Retail Deposits | PLN mil | ... | ... | ... | 70,725 | 76,107 | 85,298 | 92,251 | 106,578 | |||||||||||||||||||
| Corporate Deposits | PLN mil | ... | ... | ... | 60,807 | 61,920 | 60,492 | 64,952 | 71,167 | |||||||||||||||||||
| Sight Deposits | PLN mil | 79,091 | 90,646 | 98,954 | 109,739 | 156,959 | ||||||||||||||||||||||
| Term Deposits | PLN mil | 57,056 | 54,521 | 49,972 | 47,224 | 20,486 | ||||||||||||||||||||||
| Issued Debt Securities | PLN mil | 1,523 | 4,029 | 7,243 | 9,480 | 9,311 | ||||||||||||||||||||||
| Subordinated Debt | PLN mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 1,257 | 2,012 | 2,764 | 2,758 | ||
| Other Liabilities | PLN mil | 6,461 | 6,526 | 5,824 | 6,134 | 9,820 | ||||||||||||||||||||||
| asset quality | ||||||||||||||||||||||||||||
| Non-Performing Loans | PLN mil | 7,661 | 7,436 | 7,207 | 7,579 | 7,995 | ||||||||||||||||||||||
| Gross Loans | PLN mil | 128,373 | 137,833 | 135,517 | 147,383 | 149,725 | ||||||||||||||||||||||
| Risk-Weighted Assets | PLN mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | 113,109 | 119,780 | 125,179 | 135,530 | 139,752 | |||||||||||||
| Total Provisions | PLN mil | 5,710 | 5,532 | 6,220 | 6,470 | 7,237 | ||||||||||||||||||||||
| growth rates | ||||||||||||||||||||||||||||
| Customer Loan Growth | % | ... | 4.57 | 7.86 | -2.27 | 8.98 | 1.12 | |||||||||||||||||||||
| Retail Loan Growth | % | ... | 7.80 | 10.3 | 11.0 | 7.98 | 3.17 | |||||||||||||||||||||
| Mortgage Loan Growth | % | ... | ... | ... | ... | ... | 8.02 | 9.60 | 11.5 | 2.34 | 6.12 | |||||||||||||||||
| Consumer Loan Growth | % | ... | ... | ... | ... | ... | 6.99 | 12.8 | 9.07 | 28.8 | -5.51 | |||||||||||||||||
| Corporate Loan Growth | % | ... | -5.61 | 6.49 | -6.95 | 19.3 | 0.811 | |||||||||||||||||||||
| Total Asset Growth | % | ... | 3.22 | 6.46 | 3.03 | 6.40 | 14.7 | |||||||||||||||||||||
| Shareholders' Equity Growth | % | ... | -2.19 | 1.55 | -1.98 | 2.59 | 8.96 | |||||||||||||||||||||
| Customer Deposit Growth | % | ... | 9.63 | 6.61 | 2.58 | 5.40 | 13.1 | |||||||||||||||||||||
| Retail Deposit Growth | % | ... | ... | ... | ... | 10.7 | 7.61 | 12.1 | 8.15 | 15.5 | ||||||||||||||||||
| Corporate Deposit Growth | % | ... | ... | ... | ... | -10.5 | 1.83 | -2.31 | 7.37 | 9.57 | ||||||||||||||||||
| market share | ||||||||||||||||||||||||||||
| Market Share in Customer Loans | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 10.5 | 10.9 | 9.69 | 10.1 | 10.2 | ||||||||
| Market Share in Corporate Loans | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 16.0 | 16.1 | 14.7 | 17.0 | 17.9 | ||||||||||
| Market Share in Retail Loans | % | ... | ... | ... | ... | ... | ... | ... | ... | 8.63 | 9.32 | 10.2 | 10.4 | 10.5 | ||||||||||||||
| Market Share in Consumer Loans | % | ... | ... | ... | ... | ... | ... | ... | ... | 4.41 | 4.65 | 4.74 | 5.79 | 5.52 | ||||||||||||||
| Market Share in Mortgage Loans | % | ... | ... | ... | ... | ... | ... | ... | ... | 11.6 | 12.9 | 14.7 | 14.3 | 14.4 | ||||||||||||||
| Market Share in Total Assets | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 10.4 | 10.7 | 10.1 | 10.2 | 9.97 | ||||||||||
| Market Share in Customer Deposits | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 11.3 | 11.5 | 10.9 | 10.6 | 10.6 | ||||||||
| Market Share in Retail Deposits | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 10.6 | 11.0 | 11.2 | 11.1 | 11.9 | ||||||||
| Market Share in Corporate Deposits | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 17.3 | 16.8 | 15.5 | 15.1 | 13.5 |
| ratios | Unit | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
| ROE | % | ... | 9.86 | 9.23 | 9.62 | 9.39 | 4.76 | |||||||||||||||||||||
| ROTE | % | ... | 10.1 | 9.67 | 10.3 | 10.1 | 5.15 | |||||||||||||||||||||
| ROE (@ 15% of RWA) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 13.4 | 12.2 | 12.1 | 11.1 | 5.64 | ||||||||||||
| ROA | % | ... | 1.33 | 1.18 | 1.18 | 1.10 | 0.534 | |||||||||||||||||||||
| Return on Loans | % | 1.90 | 1.67 | 1.69 | 1.61 | 0.822 | ||||||||||||||||||||||
| Operating Profit (As % of RWA) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 3.14 | 3.00 | 3.11 | 3.05 | 2.49 | ||||||||||||
| Costs (As % Of Assets) | % | ... | 2.35 | 2.30 | 2.28 | 2.41 | 2.29 | |||||||||||||||||||||
| Costs (As % Of Income) | % | 53.0 | 54.1 | 53.0 | 54.5 | 59.4 | ||||||||||||||||||||||
| Costs (As % Of Loans) | % | ... | 3.36 | 3.24 | 3.29 | 3.52 | 3.53 | |||||||||||||||||||||
| Costs (As % Of Loans & Deposits) | % | ... | 1.61 | 1.54 | 1.55 | 1.65 | 1.62 | |||||||||||||||||||||
| Capital Adequacy Ratio | % | 17.6 | 17.1 | 17.4 | 17.1 | 18.7 | ||||||||||||||||||||||
| Tier 1 Ratio | % | ... | ... | ... | ... | ... | ... | ... | 17.6 | 16.1 | 15.8 | 15.0 | 16.7 | |||||||||||||||
| Net Interest Margin | % | ... | 2.56 | 2.57 | 2.66 | 2.78 | 2.40 | |||||||||||||||||||||
| Interest Spread | % | ... | 2.47 | 2.48 | 2.58 | 2.70 | 2.36 | |||||||||||||||||||||
| Asset Yield | % | ... | 3.19 | 3.15 | 3.26 | 3.41 | 2.69 | |||||||||||||||||||||
| Revenues (As % of RWA) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 6.68 | 6.55 | 6.63 | 6.70 | 6.13 | ||||||||||||
| Cost Of Liabilities | % | ... | 0.719 | 0.668 | 0.683 | 0.704 | 0.334 | |||||||||||||||||||||
| Payout Ratio | % | 99.7 | 97.3 | 78.2 | 0 | 0 | ||||||||||||||||||||||
| Interest Income (As % Of Revenues) | % | 57.8 | 60.5 | 61.8 | 62.8 | 62.0 | ||||||||||||||||||||||
| Fee Income (As % Of Revenues) | % | 31.4 | 30.9 | 30.3 | 29.0 | 28.9 | ||||||||||||||||||||||
| Other Income (As % Of Revenues) | % | 10.7 | 8.63 | 7.86 | 8.16 | 9.13 | ||||||||||||||||||||||
| Staff Cost (As % Of Total Cost) | % | ... | 47.1 | 47.2 | 47.3 | 43.6 | 40.8 | |||||||||||||||||||||
| Equity (As % Of Assets) | % | 13.2 | 12.5 | 11.9 | 11.5 | 10.9 | ||||||||||||||||||||||
| Equity (As % Of Loans) | % | 18.7 | 17.6 | 17.6 | 16.6 | 17.9 | ||||||||||||||||||||||
| Loans (As % Of Deposits) | % | 89.9 | 91.0 | 86.7 | 89.6 | 80.2 | ||||||||||||||||||||||
| Loans (As % Assets) | % | 70.4 | 71.3 | 67.7 | 69.3 | 61.1 | ||||||||||||||||||||||
| NPLs (As % Of Loans) | % | 5.97 | 5.39 | 5.32 | 5.14 | 5.34 | ||||||||||||||||||||||
| Provisions (As % Of NPLs) | % | 74.5 | 74.4 | 86.3 | 85.4 | 90.5 | ||||||||||||||||||||||
| Provisions (As % Of Loans) | % | 4.65 | 4.18 | 4.81 | 4.59 | 5.08 | ||||||||||||||||||||||
| Cost of Provisions (As % Of Loans) | % | ... | 0.347 | 0.390 | 0.360 | 0.437 | 0.813 |
| other data | Unit | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
| Branches | ... | ... | ... | 928 | 851 | 825 | 805 | 713 | ||||||||||||||||||||
| ATMs | ... | ... | ... | 1,761 | 1,745 | 1,708 | 1,648 | 1,592 | ||||||||||||||||||||
| ATMs (As % of Bank Branches) | % | ... | ... | ... | 190 | 205 | 207 | 205 | 223 | |||||||||||||||||||
| Employees | 17,757 | 17,339 | 16,714 | 15,678 | 12,870 | |||||||||||||||||||||||
| Employees Per Bank Branch | ... | ... | ... | 19.1 | 20.4 | 20.3 | 19.5 | 18.1 | ||||||||||||||||||||
| Cost Per Employee | USD per month | ... | 2,203 | 2,447 | 2,805 | 2,923 | 3,387 | |||||||||||||||||||||
| Cost Per Employee (Local Currency) | PLN per month | ... | 8,902 | 9,373 | 10,154 | 11,044 | 13,208 |
| customer breakdown | Unit | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
| Customers | mil | ... | ... | ... | 5.48 | 5.67 | 5.95 | 6.22 | 6.53 | |||||||||||||||||||
| Number of Accounts | mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 5.48 | 5.67 | 5.95 | 6.22 | 6.53 | ||||||
| Number of Primary Customers | mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 3.19 | 1.85 | 2.05 | 2.53 | 3.61 | |||||||||
| Payment Cards | mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 2.74 | 3.87 | ... | ... | ... | ... | ... | |||||||
| Number of Mortgages | mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0.328 | 0.354 | 0.378 | 0.394 | 0.401 | ||||||||||||
| Number of Consumer Loans | mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0.572 | 0.621 | 0.678 | 0.717 | 0.675 | ||||||
| Average Size of Deposit | PLN | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 24,887 | 25,648 | 25,070 | 25,290 | 27,216 | ||||||
| Average Size of Mortgage Loan | PLN | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 140,322 | 142,503 | 148,844 | 146,147 | 152,379 | ||||||||||||
| Average Size of Consumer Loan | PLN | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 21,598 | 22,434 | 22,412 | 27,304 | 27,405 | ||||||
| Accounts (As % of Total Clients) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 100.0 | 100.0 | 100.0 | 100 | 100 | ||||||
| Primary (As % of Total Clients) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 58.2 | 32.5 | 34.4 | 40.7 | 55.3 | |||||||||
| Mortgages (As % of Total Clients) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 5.99 | 6.24 | 6.35 | 6.34 | 6.14 | ||||||||||||
| Consumer Loans (As % of Total Clients) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 10.4 | 11.0 | 11.4 | 11.5 | 10.3 | ||||||
| Payments Cards (As % of Total Clients) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 50.1 | 68.3 | ... | ... | ... | ... | ... | |||||||
| Market Value per Customer (Local Currency) | PLN | ... | ... | ... | 6,029 | 6,010 | 4,827 | 4,249 | 2,470 | |||||||||||||||||||
| Revenue per Customer (Local Currency) | PLN | ... | ... | ... | 1,388 | 1,345 | 1,364 | 1,406 | 1,291 | |||||||||||||||||||
| Net Profit per Customer (Local Currency) | PLN | ... | ... | ... | 417 | 376 | 373 | 349 | 178 | |||||||||||||||||||
| Loan per Customer (Local Currency) | PLN | ... | ... | ... | 22,384 | 23,336 | 21,733 | 22,669 | 21,817 | |||||||||||||||||||
| Deposit per Customer (Local Currency) | PLN | ... | ... | ... | 24,886 | 25,647 | 25,069 | 25,290 | 27,216 | |||||||||||||||||||
| Market Value per Customer | USD | ... | ... | ... | 1,443 | 1,726 | 1,284 | 1,119 | 657 | |||||||||||||||||||
| Revenue per Customer | USD | ... | ... | ... | 343 | 351 | 377 | 372 | 331 | |||||||||||||||||||
| Net Profit per Customer | USD | ... | ... | ... | 103 | 98.1 | 103 | 92.4 | 45.7 | |||||||||||||||||||
| Loan per Customer | USD | ... | ... | ... | 5,356 | 6,703 | 5,780 | 5,969 | 5,805 | |||||||||||||||||||
| Deposit per Customer | USD | ... | ... | ... | 5,955 | 7,367 | 6,668 | 6,659 | 7,241 |
Get all company financials in excel:
By Helgi Library - November 8, 2023
Pekao made a net profit of PLN 1,716 mil under revenues of PLN 3,777 mil in the third quarter of 2023, up 416% and 267% respectively when compared to the same period last year. Historically, the bank’s net profit reached an all time high of PLN 1,716 mil in 3...
By Helgi Library - August 10, 2023
Pekao generated total banking revenues of PLN 3,843 mil in 2023-06-30, up 8.07% compared to the previous year. Polish banking sector banking sector generated total revenues of PLN 26,662 mil in 2023-06-30, down 4.41% when compared to the last year. ...
By Helgi Library - August 10, 2023
Pekao generated total banking revenues of PLN 3,843 mil in 2023-06-30, up 8.07% compared to the previous year. Polish banking sector banking sector generated total revenues of PLN 26,662 mil in 2023-06-30, down 4.41% when compared to the last year. ...
By Helgi Library - August 10, 2023
Pekao's customer deposits reached PLN 221,761 mil in 2023-06-30, down 2.40% compared to the previous year. Polish banking sector accepted customer deposits of PLN 2,045 bil in 2023-06-30, up 2.00% when compared to the last year. Pekao accounted for 10.8% ...
By Helgi Library - August 10, 2023
Pekao's customer deposits reached PLN 221,761 mil in 2023-06-30, down 2.40% compared to the previous year. Polish banking sector accepted customer deposits of PLN 2,045 bil in 2023-06-30, up 2.00% when compared to the last year. Pekao accounted for 10.8% ...
By Helgi Library - November 22, 2023
Pekao's mortgage loans reached PLN 63,351 mil in 3Q2023, up 1.10% compared to the previous year. Polish banking sector provided mortgage loans of PLN 443 in 3Q2023, down 0.552% when compared to the last year. Pekao accounted for 14.3% of all mortgage loan...
By Helgi Library - November 22, 2023
Pekao's mortgage loans reached PLN 63,351 mil in 3Q2023, up 1.10% compared to the previous year. Polish banking sector provided mortgage loans of PLN 443 in 3Q2023, down 0.552% when compared to the last year. Pekao accounted for 14.3% of all mortgage loan...
By Helgi Library - August 10, 2023
Pekao's retail deposits reached PLN 128,161 mil in 2023-06-30, up 0.850% compared to the previous year. Polish banking sector accepted retail deposits of PLN 1,068 bil in 2023-06-30, up 1.91% when compared to the last year. Pekao accounted for 12.0% of al...
By Helgi Library - August 10, 2023
Pekao's retail deposits reached PLN 128,161 mil in 2023-06-30, up 0.850% compared to the previous year. Polish banking sector accepted retail deposits of PLN 1,068 bil in 2023-06-30, up 1.91% when compared to the last year. Pekao accounted for 12.0% of al...
By Helgi Library - November 8, 2023
Pekao's net interest margin amounted to 4.05% in the third quarter of 2023, down from 4.12% when compared to the previous quarter. Historically, the bank’s net interest margin reached an all time high of 4.80% in 4Q2001 and an all time low of 0.571% in ...
Bank Polska Kasa Opieki Spółka Akcyjna, commonly using the shorter name Bank Pekao S.A., is the second largest bank in Poland. The bank was founded in 1929 mainly to provide financial services to Poles living abroad. Bank Pekao operates through the second largest network of branches in Poland and employs more than 16,000 people (2019). Group of Bank Pekao consists of the biggest investment fund in Poland, pension fund, brokerage house, as well as leasing and factoring subsidiaries, all of them leading in their respective market fields. The Italian bank UniCredit used to own 59% of the company. It sold the bank in December 2016 with Powszechny Zakład Ubezpieczeń owns a 20% of the company (2019).
Pekao has been growing its revenues and asset by 2.67% and 6.43% a year on average in the last 10 years. Its loans and deposits have grown by 5.28% and 7.43% a year during that time and loans to deposits ratio reached 75.3% at the end of 2022. The company achieved an average return on equity of 9.25% in the last decade with net profit growing -5.06% a year on average. In terms of operating efficiency, its cost to income ratio reached 54.5% in 2022, compared to 51.9% average in the last decade.
Equity represented 8.10% of total assets or 14.3% of loans at the end of 2022. Pekao's non-performing loans were 6.03% of total loans while provisions covered some 102% of NPLs at the end of 2022.
Pekao stock traded at per share at the end of 2022 resulting in a market capitalization of . Over the previous three years, stock price rose by 0% or 0% a year on average. That’s compared to an average ROE of 6.99% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of 13.2x and price to book value (PBV) of 0.997x in 2022.
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