Bank Ochrony Srodowiska (BOS) investor relations material

Executive summary

• Net profit reached PLN 16.2 million in Q1 2026, up 37% year-over-year, despite a one-off annual BFG fee of PLN 29.5 million, higher than last year’s PLN 20.3 million.

• Gross profit rose to PLN 34.6 million, an 81.8% increase year-over-year.

• Total assets grew by 4.4% in Q1 2026 to PLN 26.8 billion, an increase of PLN 1.1 billion compared to December 2025.

• Deposits increased by 5.0% in Q1 2026, reaching PLN 22.7 billion, with loan balance up 2.4% quarter-over-quarter.

• The bank continued to reduce legal risk related to CHF/FX mortgage loans through settlements and increased reserves.

Financial highlights

• Net interest income fell by 12.2% year-over-year to PLN 177.5 million, mainly due to lower WIBOR/market rates.

• Net fee and commission income rose by 14.9% year-over-year to PLN 37.5 million, driven by brokerage and account services.

• Dividend income surged to PLN 12 million from PLN 2 thousand.

• Administrative costs increased 11.3% to PLN 187.5 million, mainly due to higher staff and BFG costs.

• Customer loans grew by 4.6% year-over-year to PLN 10.5 billion.

Outlook and guidance

• Focus on expanding green lending and supporting Poland’s green transformation.

• Continued technological transformation in credit processes and digital banking.

• Emphasis on customer acquisition, satisfaction, and product cross-selling.

• Elevated geopolitical risk, especially in the Middle East, and macroeconomic uncertainty are expected to impact results in 2026.

• The bank aims to grow its balance sheet, client base, and pro-ecological loan portfolio, while improving risk and profitability metrics.