Bank Handlowy w Warszawie (BHW) investor relations material

Executive summary

• Completed the sale of the consumer/retail business, marking a strategic shift to focus on institutional and corporate banking and global business growth.

• Net profit for Q2 2026 reached PLN 321 million, a 17% decrease year-over-year but a 94% increase compared to Q2 2025; H1 2026 net profit from continuing and discontinued operations rose 18% year-over-year to PLN 706.4 million.

• Achieved total revenue of PLN 878 million for Q2 2026, with strong performance in corporate banking and financial markets.

• ROE improved to 21.0% for Q2 2026, up from 17.9% year-over-year, reflecting enhanced profitability.

• Sixth consecutive quarter of lending growth, with global clients holding a 38% share in the lending portfolio.

Financial highlights

• Loans grew 16% and deposits 12% year-over-year, excluding consumer/retail banking assets; deposit volumes surpassed PLN 47 billion.

• Net interest income for Q2 2026 was PLN 459 million, supported by lending growth but down 13% year-over-year.

• Net fees and commissions rose to PLN 119 million, up 10% quarter-on-quarter and 11% year-over-year.

• Treasury results for H1 2026 were PLN 850 million, up from PLN 722 million in H1 2025.

• Net profit included one-off gains from the sale of a Warsaw headquarters building and the Retail Banking segment.

Outlook and guidance

• Expectation that interest rates will remain at 3.75%, likely stabilizing net interest income; economic growth in Poland forecast at 3.5% YoY in 2026, with inflation likely to exceed 3.5%.

• Focus on dynamic growth in institutional banking and leveraging global client relationships.

• Management does not foresee significant threats to going concern for the next 12 months.