By Helgi Library - November 10, 2023
PKO BP made a net profit of PLN 2,780 mil in the third quarter of 2023, up 1% when compared to the same period of last year. ...
By Helgi Library - November 10, 2023
PKO BP made a net profit of PLN 2,780 mil in the third quarter of 2023, up 1% when compared to the same period of last year. ...
By Helgi Library - November 10, 2023
PKO BP made a net profit of PLN 2,780 mil under revenues of PLN 6,159 mil in the third quarter of 2023, up 1% and 172% re...
| Profit Statement | 2020 | 2021 | 2022 | |
| Net Interest Income | PLN mil | 10,166 | 9,882 | 11,424 |
| Net Fee Income | PLN mil | 3,904 | 4,377 | 4,498 |
| Other Income | PLN mil | 1,296 | 774 | 1,287 |
| Total Revenues | PLN mil | 15,366 | 15,033 | 17,209 |
| Staff Cost | PLN mil | 2,974 | 3,199 | 3,403 |
| Operating Profit | PLN mil | 7,047 | 7,836 | 9,440 |
| Provisions | PLN mil | 1,700 | 1,309 | 3,415 |
| Net Profit | PLN mil | 2,895 | 4,873 | 3,312 |
| Balance Sheet | 2020 | 2021 | 2022 | |
| Interbank Loans | PLN mil | 2,557 | 9,010 | 16,101 |
| Customer Loans | PLN mil | 228,112 | 234,300 | 232,959 |
| Investments | PLN mil | 123,694 | 135,440 | 135,632 |
| Total Assets | PLN mil | 381,793 | 418,086 | 431,447 |
| Shareholders' Equity | PLN mil | 45,301 | 37,693 | 35,707 |
| Interbank Borrowing | PLN mil | 4,893 | 3,829 | 3,020 |
| Customer Deposits | PLN mil | 282,356 | 322,296 | 338,868 |
| Issued Debt Securities | PLN mil | 34,814 | 26,588 | 18,291 |
| Ratios | 2020 | 2021 | 2022 | |
| ROE | % | 6.67 | 11.7 | 9.02 |
| ROA | % | 0.794 | 1.22 | 0.780 |
| Costs (As % Of Assets) | % | 2.28 | 1.80 | 1.83 |
| Costs (As % Of Income) | % | 54.1 | 47.9 | 45.1 |
| Capital Adequacy Ratio | % | 20.2 | 18.7 | 17.8 |
| Net Interest Margin | % | 2.79 | 2.47 | 2.69 |
| Loans (As % Of Deposits) | % | 80.8 | 72.7 | 68.7 |
| NPLs (As % Of Loans) | % | 4.26 | 3.84 | 3.83 |
| Provisions (As % Of NPLs) | % | 86.7 | 93.1 | 109 |
| Valuation | 2020 | 2021 | 2022 | |
| Market Capitalisation | USD mil | 9,608 | 13,833 | 7,644 |
| Number Of Shares | mil | 1,250 | 1,250 | 1,250 |
| Share Price | PLN | 28.7 | 44.9 | 30.3 |
| Price/Earnings (P/E) | 12.4 | 11.5 | 11.4 | |
| Price/Book Value (P/BV) | 0.792 | 1.49 | 1.06 | |
| Dividend Yield | % | 0 | 4.07 | 4.30 |
| Earnings Per Share (EPS) | PLN | 2.32 | 3.90 | 2.65 |
| Book Value Per Share | PLN | 36.2 | 30.2 | 28.6 |
| Dividend Per Share | PLN | 0 | 1.83 | 1.30 |
Get all company financials in excel:
| summary | Unit | 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 | 7,765 | 8,618 | 9,357 | 10,293 | 10,166 | |||||||||||||||||
| Total Revenues | PLN mil | 12,541 | 13,657 | 14,599 | 15,974 | 15,366 | |||||||||||||||||
| Operating Profit | PLN mil | 6,054 | 7,010 | 7,395 | 7,965 | 7,047 | |||||||||||||||||
| Net Profit | PLN mil | 2,805 | 3,371 | 3,768 | 4,023 | 2,895 | |||||||||||||||||
| balance sheet | |||||||||||||||||||||||
| Interbank Loans | PLN mil | 6,684 | 6,135 | 7,712 | 5,173 | 2,557 | |||||||||||||||||
| Customer Loans | PLN mil | 199,268 | 204,726 | 214,861 | 230,206 | 228,112 | |||||||||||||||||
| Investments | PLN mil | 51,405 | 54,075 | 64,114 | 80,573 | 123,694 | |||||||||||||||||
| Total Assets | PLN mil | 285,573 | 296,912 | 324,255 | 347,897 | 381,793 | |||||||||||||||||
| Shareholders' Equity | PLN mil | 32,569 | 36,256 | 39,101 | 41,578 | 45,301 | |||||||||||||||||
| Interbank Borrowing | PLN mil | 19,213 | 4,612 | 2,008 | 4,914 | 4,893 | |||||||||||||||||
| Customer Deposits | PLN mil | 205,066 | 218,752 | 241,036 | 254,496 | 282,356 | |||||||||||||||||
| Issued Debt Securities | PLN mil | 17,032 | 25,652 | 31,358 | 34,772 | 34,814 | |||||||||||||||||
| ratios | |||||||||||||||||||||||
| ROE | % | ... | 8.93 | 9.80 | 10.00 | 9.97 | 6.67 | ||||||||||||||||
| ROA | % | ... | 1.02 | 1.16 | 1.21 | 1.20 | 0.794 | ||||||||||||||||
| Costs (As % Of Assets) | % | ... | 2.35 | 2.28 | 2.32 | 2.38 | 2.28 | ||||||||||||||||
| Costs (As % Of Income) | % | 51.7 | 48.7 | 49.3 | 50.1 | 54.1 | |||||||||||||||||
| Capital Adequacy Ratio | % | 15.8 | 17.4 | 18.9 | 18.4 | 20.2 | |||||||||||||||||
| Net Interest Margin | % | ... | 2.81 | 2.96 | 3.01 | 3.06 | 2.79 | ||||||||||||||||
| Interest Income (As % Of Revenues) | % | 61.9 | 63.1 | 64.1 | 64.4 | 66.2 | |||||||||||||||||
| Fee Income (As % Of Revenues) | % | 21.5 | 21.7 | 20.6 | 19.1 | 25.4 | |||||||||||||||||
| Staff Cost (As % Of Total Cost) | % | 43.7 | 44.7 | 42.0 | 40.1 | 35.7 | |||||||||||||||||
| Equity (As % Of Assets) | % | 11.4 | 12.2 | 12.1 | 12.0 | 11.9 | |||||||||||||||||
| Loans (As % Of Deposits) | % | 97.2 | 93.6 | 89.1 | 90.5 | 80.8 | |||||||||||||||||
| Loans (As % Assets) | % | 69.8 | 69.0 | 66.3 | 66.2 | 59.7 | |||||||||||||||||
| NPLs (As % Of Loans) | % | 5.90 | 5.49 | 5.39 | 4.33 | 4.26 | |||||||||||||||||
| Provisions (As % Of NPLs) | % | 65.5 | 67.0 | 68.2 | 70.2 | 86.7 | |||||||||||||||||
| valuation | |||||||||||||||||||||||
| Market Capitalisation | USD mil | ... | ... | ... | 8,421 | 15,948 | 13,173 | 11,364 | 9,608 | ||||||||||||||
| Number Of Shares | mil | 1,250 | 1,250 | 1,250 | 1,250 | 1,250 | |||||||||||||||||
| Share Price | PLN | ... | ... | ... | 28.1 | 44.3 | 39.5 | 34.5 | 28.7 | ||||||||||||||
| Earnings Per Share (EPS) | PLN | 2.24 | 2.70 | 3.01 | 3.21 | 2.32 | |||||||||||||||||
| Book Value Per Share | PLN | 26.1 | 29.0 | 31.3 | 33.3 | 36.2 | |||||||||||||||||
| Dividend Per Share | PLN | 0 | 0.550 | 1.33 | 0 | 0 | |||||||||||||||||
| Price/Earnings (P/E) | ... | ... | ... | 12.5 | 16.4 | 13.1 | 10.7 | 12.4 | |||||||||||||||
| Price/Book Value (P/BV) | ... | ... | ... | 1.08 | 1.53 | 1.26 | 1.04 | 0.792 | |||||||||||||||
| Dividend Yield | % | ... | ... | ... | 0 | 1.24 | 3.37 | 0 | 0 | ||||||||||||||
| Earnings Per Share Growth | % | ... | -6.38 | 20.2 | 11.7 | 6.71 | -27.9 | ||||||||||||||||
| Book Value Per Share Growth | % | ... | 7.61 | 11.3 | 7.85 | 6.33 | 8.95 |
| income statement | Unit | 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 | 9,975 | 10,931 | 11,606 | 12,774 | 11,621 | |||||||||||||||||
| Interest Cost | PLN mil | 2,210 | 2,313 | 2,249 | 2,481 | 1,455 | |||||||||||||||||
| Net Interest Income | PLN mil | 7,765 | 8,618 | 9,357 | 10,293 | 10,166 | |||||||||||||||||
| Net Fee Income | PLN mil | 2,693 | 2,969 | 3,013 | 3,047 | 3,904 | |||||||||||||||||
| Fee Income | PLN mil | 3,580 | 3,918 | 4,042 | 4,130 | 4,953 | |||||||||||||||||
| Fee Expense | PLN mil | 886 | 949 | 1,029 | 1,083 | 1,049 | |||||||||||||||||
| Other Income | PLN mil | 2,082 | 2,070 | 2,229 | 2,634 | 1,296 | |||||||||||||||||
| Total Revenues | PLN mil | 12,541 | 13,657 | 14,599 | 15,974 | 15,366 | |||||||||||||||||
| Staff Cost | PLN mil | 2,836 | 2,974 | 3,023 | 3,215 | 2,974 | |||||||||||||||||
| Depreciation | PLN mil | 331 | 368 | 370 | 656 | 541 | |||||||||||||||||
| Other Cost | PLN mil | 3,320 | 3,305 | 3,811 | 4,138 | 4,804 | |||||||||||||||||
| Operating Cost | PLN mil | 6,487 | 6,647 | 7,204 | 8,009 | 8,319 | |||||||||||||||||
| Operating Profit | PLN mil | 6,054 | 7,010 | 7,395 | 7,965 | 7,047 | |||||||||||||||||
| Provisions | PLN mil | 1,504 | 1,504 | 1,292 | 1,104 | 1,700 | |||||||||||||||||
| Extra and Other Cost | PLN mil | 852 | 927 | 992 | 1,052 | 1,029 | |||||||||||||||||
| Pre-Tax Profit | PLN mil | 3,698 | 4,579 | 5,111 | 5,809 | 4,318 | |||||||||||||||||
| Tax | PLN mil | 891 | 1,203 | 1,342 | 1,785 | 1,427 | |||||||||||||||||
| Minorities | PLN mil | 2.10 | 5.00 | 1.00 | 1.00 | -4.00 | |||||||||||||||||
| Net Profit | PLN mil | 2,805 | 3,371 | 3,768 | 4,023 | 2,895 | |||||||||||||||||
| Net Profit Avail. to Common | PLN mil | 2,805 | 3,371 | 3,768 | 4,023 | 2,895 | |||||||||||||||||
| Dividends | PLN mil | 0 | 688 | 1,663 | 0 | 0 | |||||||||||||||||
| growth rates | |||||||||||||||||||||||
| Net Interest Income Growth | % | ... | 10.3 | 11.0 | 8.58 | 10.0 | -1.23 | ||||||||||||||||
| Net Fee Income Growth | % | ... | -5.51 | 10.2 | 1.48 | 1.13 | 28.1 | ||||||||||||||||
| Total Revenue Growth | % | ... | 8.06 | 8.90 | 6.90 | 9.42 | -3.81 | ||||||||||||||||
| Operating Cost Growth | % | ... | 11.2 | 2.46 | 8.38 | 11.2 | 3.87 | ||||||||||||||||
| Operating Profit Growth | % | ... | 4.86 | 15.8 | 5.49 | 7.71 | -11.5 | ||||||||||||||||
| Pre-Tax Profit Growth | % | ... | 0.813 | 23.8 | 11.6 | 13.7 | -25.7 | ||||||||||||||||
| Net Profit Growth | % | ... | -6.38 | 20.2 | 11.8 | 6.77 | -28.0 | ||||||||||||||||
| market share | |||||||||||||||||||||||
| Market Share in Revenues | % | 21.2 | 22.1 | 22.7 | 22.7 | 24.9 | ... | ||||||||||||||||
| Market Share in Net Profit | % | 20.2 | 24.7 | 28.9 | 29.2 | -854 | |||||||||||||||||
| Market Share in Employees | % | 15.3 | 17.3 | 17.1 | 17.7 | 17.4 | |||||||||||||||||
| Market Share in Bank Cards | % | ... | 21.3 | 21.3 | 21.6 | 21.6 | 21.8 | ||||||||||||||||
| Market Share in Debit Cards | % | ... | ... | ... | ... | ... | ... | ... | ... | 22.6 | 22.4 | 22.5 | 22.3 | 23.9 | |||||||||
| Market Share in Credit Cards | % | ... | ... | ... | ... | ... | ... | ... | ... | 14.5 | 15.0 | 15.9 | 17.0 | ... | ... | ... | |||||||
| Market Share in Branches | % | ... | 9.07 | 8.60 | 9.13 | 9.08 | 9.63 | ... | ... |
| balance sheet | Unit | 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 | 13,325 | 17,810 | 22,925 | 14,677 | 7,474 | |||||||||||||||||
| Interbank Loans | PLN mil | 6,684 | 6,135 | 7,712 | 5,173 | 2,557 | |||||||||||||||||
| Customer Loans | PLN mil | 199,268 | 204,726 | 214,861 | 230,206 | 228,112 | |||||||||||||||||
| Retail Loans | PLN mil | 133,014 | 134,439 | 142,062 | 145,216 | 142,824 | |||||||||||||||||
| Mortgage Loans | PLN mil | 108,322 | 108,163 | 114,781 | 114,218 | 112,285 | |||||||||||||||||
| Consumer Loans | PLN mil | 24,693 | 26,276 | 27,281 | 30,998 | 30,539 | |||||||||||||||||
| Corporate Loans | PLN mil | 56,722 | 60,497 | 64,910 | 67,994 | 88,599 | |||||||||||||||||
| Investments | PLN mil | 51,405 | 54,075 | 64,114 | 80,573 | 123,694 | |||||||||||||||||
| Property and Equipment | PLN mil | 3,086 | 2,915 | 2,931 | 4,442 | 4,329 | |||||||||||||||||
| Intangible Assets | PLN mil | 3,422 | 3,242 | 3,195 | 3,178 | 3,280 | |||||||||||||||||
| Goodwill | PLN mil | ... | ... | ... | ... | ... | ... | ... | ... | 1,252 | 1,263 | 1,251 | 1,200 | ... | ... | ... | |||||||
| Total Assets | PLN mil | 285,573 | 296,912 | 324,255 | 347,897 | 381,793 | |||||||||||||||||
| Shareholders' Equity | PLN mil | 32,569 | 36,256 | 39,101 | 41,578 | 45,301 | |||||||||||||||||
| Of Which Minority Interest | PLN mil | -16.2 | -11.0 | -10.0 | -9.00 | -13.0 | |||||||||||||||||
| Liabilities | PLN mil | 253,004 | 260,656 | 285,154 | 306,319 | 336,492 | |||||||||||||||||
| Interbank Borrowing | PLN mil | 19,213 | 4,612 | 2,008 | 4,914 | 4,893 | |||||||||||||||||
| Customer Deposits | PLN mil | 205,066 | 218,752 | 241,036 | 254,496 | 282,356 | |||||||||||||||||
| Retail Deposits | PLN mil | ... | 140,000 | 151,161 | 165,182 | 193,449 | 223,691 | ||||||||||||||||
| Corporate Deposits | PLN mil | ... | 65,066 | 52,667 | 55,302 | 49,648 | 43,705 | ||||||||||||||||
| Sight Deposits | PLN mil | 111,515 | 136,444 | 153,312 | 178,899 | ... | |||||||||||||||||
| Term Deposits | PLN mil | 87,438 | 77,559 | 82,218 | 74,301 | ... | |||||||||||||||||
| Issued Debt Securities | PLN mil | 17,032 | 25,652 | 31,358 | 34,772 | 34,814 | |||||||||||||||||
| Subordinated Debt | PLN mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | |||||
| Other Liabilities | PLN mil | 11,693 | 11,640 | 10,752 | 12,137 | 14,429 | |||||||||||||||||
| asset quality | |||||||||||||||||||||||
| Non-Performing Loans | PLN mil | 12,220 | 11,678 | 12,021 | 10,285 | 10,084 | |||||||||||||||||
| Gross Loans | PLN mil | 207,270 | 212,550 | 223,065 | 237,427 | 236,856 | |||||||||||||||||
| Risk-Weighted Assets | PLN mil | ... | ... | ... | ... | ... | 195,321 | 195,875 | 200,438 | 214,000 | 220,350 | ||||||||||||
| Total Provisions | PLN mil | 8,003 | 7,824 | 8,204 | 7,221 | 8,744 | |||||||||||||||||
| growth rates | |||||||||||||||||||||||
| Customer Loan Growth | % | ... | 7.14 | 2.74 | 4.95 | 7.14 | -0.910 | ||||||||||||||||
| Retail Loan Growth | % | ... | 5.12 | 1.07 | 5.67 | 2.22 | -1.65 | ||||||||||||||||
| Mortgage Loan Growth | % | ... | 5.16 | -0.146 | 6.12 | -0.490 | -1.69 | ||||||||||||||||
| Consumer Loan Growth | % | ... | 4.95 | 6.41 | 3.82 | 13.6 | -1.48 | ||||||||||||||||
| Corporate Loan Growth | % | ... | 0.142 | 6.66 | 7.29 | 4.75 | 30.3 | ||||||||||||||||
| Total Asset Growth | % | ... | 6.98 | 3.97 | 9.21 | 7.29 | 9.74 | ||||||||||||||||
| Shareholders' Equity Growth | % | ... | 7.61 | 11.3 | 7.85 | 6.33 | 8.95 | ||||||||||||||||
| Customer Deposit Growth | % | ... | 5.20 | 6.67 | 10.2 | 5.58 | 10.9 | ||||||||||||||||
| Retail Deposit Growth | % | ... | ... | 9.12 | 7.97 | 9.28 | 17.1 | 15.6 | |||||||||||||||
| Corporate Deposit Growth | % | ... | ... | -3.55 | -19.1 | 5.00 | -10.2 | -12.0 | |||||||||||||||
| market share | |||||||||||||||||||||||
| Market Share in Customer Loans | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | 17.1 | 16.9 | 16.1 | 16.5 | 16.3 | ||||||||
| Market Share in Corporate Loans | % | ... | ... | ... | ... | ... | ... | ... | 16.4 | 16.5 | 17.4 | 17.7 | 24.1 | ||||||||||
| Market Share in Retail Loans | % | ... | ... | ... | 19.7 | 19.5 | 20.2 | 19.6 | 18.8 | ||||||||||||||
| Market Share in Consumer Loans | % | ... | ... | ... | 8.82 | 8.77 | 8.50 | 9.17 | 9.12 | ||||||||||||||
| Market Share in Mortgage Loans | % | ... | ... | ... | 27.3 | 27.7 | 30.0 | 28.4 | 26.5 | ||||||||||||||
| Market Share in Total Assets | % | ... | ... | ... | ... | ... | ... | ... | 17.1 | 17.2 | 17.2 | 17.5 | 16.3 | ||||||||||
| Market Share in Customer Deposits | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | 17.0 | 17.3 | 17.7 | 17.2 | 16.8 | ||||||||
| Market Share in Retail Deposits | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | 20.9 | 21.8 | 21.7 | 23.2 | 24.9 | ||||||||
| Market Share in Corporate Deposits | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | 18.5 | 14.3 | 14.2 | 11.6 | 8.32 |
| ratios | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
| ROE | % | ... | 8.93 | 9.80 | 10.00 | 9.97 | 6.67 | ||||||||||||||||
| ROTE | % | ... | 9.99 | 10.8 | 10.9 | 10.8 | 7.20 | ||||||||||||||||
| ROE (@ 15% of RWA) | % | ... | ... | ... | ... | ... | ... | 9.82 | 11.5 | 12.7 | 12.9 | 8.89 | |||||||||||
| ROA | % | ... | 1.02 | 1.16 | 1.21 | 1.20 | 0.794 | ||||||||||||||||
| Return on Loans | % | 1.46 | 1.67 | 1.80 | 1.81 | 1.26 | |||||||||||||||||
| Operating Profit (As % of RWA) | % | ... | ... | ... | ... | ... | ... | 3.18 | 3.58 | 3.73 | 3.84 | 3.24 | |||||||||||
| Costs (As % Of Assets) | % | ... | 2.35 | 2.28 | 2.32 | 2.38 | 2.28 | ||||||||||||||||
| Costs (As % Of Income) | % | 51.7 | 48.7 | 49.3 | 50.1 | 54.1 | |||||||||||||||||
| Costs (As % Of Loans) | % | ... | 3.37 | 3.29 | 3.43 | 3.60 | 3.63 | ||||||||||||||||
| Costs (As % Of Loans & Deposits) | % | ... | 1.65 | 1.61 | 1.64 | 1.70 | 1.67 | ||||||||||||||||
| Capital Adequacy Ratio | % | 15.8 | 17.4 | 18.9 | 18.4 | 20.2 | |||||||||||||||||
| Tier 1 Ratio | % | 14.5 | 16.5 | 17.5 | 17.2 | 19.0 | |||||||||||||||||
| Net Interest Margin | % | ... | 2.81 | 2.96 | 3.01 | 3.06 | 2.79 | ||||||||||||||||
| Interest Spread | % | ... | 2.71 | 2.85 | 2.91 | 2.96 | 2.73 | ||||||||||||||||
| Asset Yield | % | ... | 3.61 | 3.75 | 3.74 | 3.80 | 3.19 | ||||||||||||||||
| Revenues (As % of RWA) | % | ... | ... | ... | ... | ... | ... | 6.59 | 6.98 | 7.37 | 7.71 | 7.08 | |||||||||||
| Cost Of Liabilities | % | ... | 0.902 | 0.901 | 0.824 | 0.839 | 0.453 | ||||||||||||||||
| Payout Ratio | % | 0 | 20.4 | 44.1 | 0 | 0 | |||||||||||||||||
| Interest Income (As % Of Revenues) | % | 61.9 | 63.1 | 64.1 | 64.4 | 66.2 | |||||||||||||||||
| Fee Income (As % Of Revenues) | % | 21.5 | 21.7 | 20.6 | 19.1 | 25.4 | |||||||||||||||||
| Other Income (As % Of Revenues) | % | 16.6 | 15.2 | 15.3 | 16.5 | 8.43 | |||||||||||||||||
| Staff Cost (As % Of Total Cost) | % | 43.7 | 44.7 | 42.0 | 40.1 | 35.7 | |||||||||||||||||
| Equity (As % Of Assets) | % | 11.4 | 12.2 | 12.1 | 12.0 | 11.9 | |||||||||||||||||
| Equity (As % Of Loans) | % | 16.3 | 17.7 | 18.2 | 18.1 | 19.9 | |||||||||||||||||
| Loans (As % Of Deposits) | % | 97.2 | 93.6 | 89.1 | 90.5 | 80.8 | |||||||||||||||||
| Loans (As % Assets) | % | 69.8 | 69.0 | 66.3 | 66.2 | 59.7 | |||||||||||||||||
| NPLs (As % Of Loans) | % | 5.90 | 5.49 | 5.39 | 4.33 | 4.26 | |||||||||||||||||
| Provisions (As % Of NPLs) | % | 65.5 | 67.0 | 68.2 | 70.2 | 86.7 | |||||||||||||||||
| Provisions (As % Of Loans) | % | 4.02 | 3.82 | 3.82 | 3.14 | 3.83 | |||||||||||||||||
| Cost of Provisions (As % Of Loans) | % | ... | 0.781 | 0.745 | 0.616 | 0.496 | 0.742 |
| other data | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
| Branches | ... | 1,238 | 1,192 | 1,155 | 1,115 | 1,004 | |||||||||||||||||
| ATMs | ... | 3,206 | 3,190 | 3,133 | 3,080 | 3,022 | |||||||||||||||||
| ATMs (As % of Bank Branches) | % | ... | 259 | 268 | 271 | 276 | 301 | ||||||||||||||||
| Employees | 25,900 | 28,443 | 27,856 | 27,708 | 25,859 | ||||||||||||||||||
| Employees Per Bank Branch | ... | 20.9 | 23.9 | 24.1 | 24.9 | 25.8 | |||||||||||||||||
| Cost Per Employee | USD per month | 2,258 | 2,275 | 2,498 | 2,559 | 2,458 | |||||||||||||||||
| Cost Per Employee (Local Currency) | PLN per month | 9,124 | 8,713 | 9,044 | 9,669 | 9,584 |
| customer breakdown | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
| Customers | mil | ... | ... | 8.89 | 9.42 | 10.0 | 10.5 | 10.7 | |||||||||||||||
| Number of Accounts | mil | ... | ... | ... | 7.03 | 7.30 | 7.62 | 8.01 | 8.26 | ... | ... | ||||||||||||
| Number of Primary Customers | mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 3.90 | ... | ... |
| Payment Cards | mil | ... | 7.86 | 8.34 | 8.89 | 9.28 | 9.51 | ||||||||||||||||
| Debit Cards | mil | ... | ... | ... | ... | ... | ... | ... | ... | 7.01 | 7.47 | 7.96 | 8.30 | 8.54 | |||||||||
| Credit Cards | mil | ... | ... | ... | ... | ... | ... | ... | ... | 0.852 | 0.875 | 0.932 | 0.981 | 0.969 | |||||||||
| Number of Mortgages | mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0.688 | 0.657 | ... | ... |
| Average Size of Deposit | PLN | ... | ... | ... | 29,154 | 29,966 | 31,632 | 31,764 | 34,196 | ... | ... | ||||||||||||
| Average Size of Mortgage Loan | PLN | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 166,000 | 171,000 | ... | ... |
| Accounts (As % of Total Clients) | % | ... | ... | ... | 79.2 | 77.5 | 75.8 | 76.4 | 76.8 | ... | ... | ||||||||||||
| Primary (As % of Total Clients) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 36.3 | ... | ... |
| Mortgages (As % of Total Clients) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 6.56 | 6.11 | ... | ... |
| Payments Cards (As % of Total Clients) | % | ... | ... | 88.5 | 88.5 | 88.5 | 88.5 | 88.5 | |||||||||||||||
| Debit Cards (As % of Total Clients) | % | ... | ... | ... | ... | ... | ... | ... | ... | 78.9 | 79.2 | 79.2 | 79.1 | 79.5 | |||||||||
| Credit Cards (As % of Total Clients) | % | ... | ... | ... | ... | ... | ... | ... | ... | 9.59 | 9.28 | 9.27 | 9.35 | 9.02 | |||||||||
| Market Value per Customer (Local Currency) | PLN | ... | ... | ... | 3,961 | 5,891 | 4,928 | 4,114 | 3,360 | ||||||||||||||
| Revenue per Customer (Local Currency) | PLN | ... | ... | 1,411 | 1,449 | 1,453 | 1,523 | 1,430 | |||||||||||||||
| Net Profit per Customer (Local Currency) | PLN | ... | ... | 316 | 358 | 375 | 384 | 269 | |||||||||||||||
| Loan per Customer (Local Currency) | PLN | ... | ... | 22,424 | 21,723 | 21,381 | 21,946 | 21,227 | |||||||||||||||
| Deposit per Customer (Local Currency) | PLN | ... | ... | 23,077 | 23,212 | 23,986 | 24,262 | 26,274 | |||||||||||||||
| Market Value per Customer | USD | ... | ... | ... | 948 | 1,692 | 1,311 | 1,083 | 894 | ||||||||||||||
| Revenue per Customer | USD | ... | ... | 349 | 378 | 401 | 403 | 367 | |||||||||||||||
| Net Profit per Customer | USD | ... | ... | 78.1 | 93.4 | 104 | 101 | 69.1 | |||||||||||||||
| Loan per Customer | USD | ... | ... | 5,366 | 6,240 | 5,687 | 5,779 | 5,648 | |||||||||||||||
| Deposit per Customer | USD | ... | ... | 5,522 | 6,668 | 6,380 | 6,389 | 6,991 |
Get all company financials in excel:
By Helgi Library - November 10, 2023
PKO BP made a net profit of PLN 2,780 mil under revenues of PLN 6,159 mil in the third quarter of 2023, up 1% and 172% respectively when compared to the same period last year. Historically, the bank’s net profit reached an all time high of PLN 2,780 mil in 3Q...
By Helgi Library - August 24, 2023
PKO BP generated total banking revenues of PLN 5,778 mil in 2023-06-30, up 4.45% 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 24, 2023
PKO BP generated total banking revenues of PLN 5,778 mil in 2023-06-30, up 4.45% 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 24, 2023
PKO BP's customer deposits reached PLN 366,053 mil in 2023-06-30, up 4.68% 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. PKO BP accounted for 17.9% ...
By Helgi Library - August 24, 2023
PKO BP's customer deposits reached PLN 366,053 mil in 2023-06-30, up 4.68% 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. PKO BP accounted for 17.9% ...
By Helgi Library - November 10, 2023
PKO BP employed 25,398 persons in 2023-09-30, up 0.463% compared to the previous year. Historically, the bank's workforce hit an all time high of 35,386 persons in 2004-12-31 and an all time low of 25,065 in 2023-03-31. The bank operated a network of 958 b...
By Helgi Library - November 10, 2023
PKO BP employed 25,398 persons in 2023-09-30, up 0.463% compared to the previous year. Historically, the bank's workforce hit an all time high of 35,386 persons in 2004-12-31 and an all time low of 25,065 in 2023-03-31. The bank operated a network of 958 b...
By Helgi Library - November 10, 2023
PKO BP's non-performing loans reached 3.62% of total loans at the end of 2023-09-30, down from 3.78% compared to the previous year. Historically, the NPL ratio hit an all time high of 11.5% in 2004-03-31 and an all time low of 3.19% in 2007-12-31. Provision...
By Helgi Library - November 10, 2023
PKO BP's non-performing loans reached 3.62% of total loans at the end of 2023-09-30, down from 3.78% compared to the previous year. Historically, the NPL ratio hit an all time high of 11.5% in 2004-03-31 and an all time low of 3.19% in 2007-12-31. Provision...
By Helgi Library - September 13, 2023
PKO BP has issued total of 10.3 mil payment cards at the end of 2022-09-30, up 1.11% compared to the previous year. Polish banking sector banking sector issued total of 44.1 mil of bank cards in 2022-09-30, up 0.271% when compared to the last year. ...
Powszechna Kasa Oszczędności Bank Polski (PKO BP) is Poland's largest bank. The Bank was founded in 1919 and is headquartered in Warsaw, Poland. The bank offers a range of personal and business financial services such as savings account, deposits, mortgage loans and brokerage products through specialized financial services in the area of leasing, factoring, investment funds, pension funds and life insurance. The core business activity of PKO Bank Polski is retail banking and the full name Powszechna Kasa Oszczędności roughly means "General Savings Bank". The bank employes more than 25,000 people and services more than 6 million clients through a network of more than 1,200 branches and 3,000 ATMs.
PKO BP has been growing its revenues and asset by 3.13% and 8.37% a year on average in the last 10 years. Its loans and deposits have grown by 4.97% and 8.83% a year during that time and loans to deposits ratio reached 68.7% at the end of 2022. The company achieved an average return on equity of 10.0% in the last decade with net profit growing -1.31% a year on average. In terms of operating efficiency, its cost to income ratio reached 45.1% in 2022, compared to 48.6% average in the last decade.
Equity represented 8.28% of total assets or 15.3% of loans at the end of 2022. PKO BP's non-performing loans were 3.83% of total loans while provisions covered some 109% of NPLs at the end of 2022.
PKO BP 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 9.14% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of 11.4x and price to book value (PBV) of 1.06x in 2022.
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