BNP Paribas Bank Polska (BNP) investor relations material

Executive summary

• Q3 net banking income rose 6.7% YoY to PLN 2.086bn; net profit was PLN 689m, up 14.9% QoQ and down 0.9% YoY.

• Gross loans reached PLN 99.9bn (+9.3% YoY) and customer deposits PLN 140.9bn (+9.9% YoY); lending, deposits and customer numbers grew.

• 9M net profit fell 23.3% YoY to PLN 1,664,264 thousand, while net banking income declined 1.5%; the higher bank CIT rate and lower trading income weighed on results.

• Management reaffirmed the Accelerate 2030 roadmap, with priorities including customer acquisition, product market shares and technology and process improvements.

Financial highlights

• Q3 net interest income was PLN 1.560bn, +6.5% QoQ and +7.1% YoY; net fee and commission income was PLN 319m, -9.6% QoQ and +10.6% YoY.

• Operating expenses were PLN 836m, +0.9% QoQ and +4.5% YoY; excluding BGF fees, YoY expense growth was 5.8%.

• 9M net interest income rose 1.0% YoY to PLN 4,470,702 thousand and net fee and commission income increased 4.5% to PLN 986,938 thousand; trading income fell 24.5%.

• Q3 net allowances on expected credit losses were PLN 54m, versus PLN 81m in Q2 and PLN 97m in Q3 2025; CHF legal-risk impact was PLN 53m.

• 9M general administrative costs plus depreciation and amortisation rose 6.3% YoY to PLN 2,723,889 thousand, or 4.6% excluding BFG costs in both periods.

Outlook and guidance

• Management expects revenue growth to outpace costs next year; costs are expected to rise at a single-digit rate, with personnel costs tracking inflation.

• NIM outlook is moderately positive, supported by lending growth and stable funding; loan-margin pressure and POLSTR introduce uncertainty.

• Corporate loan growth is expected to continue, with disciplined risk standards despite intense competition and lower margins.

• 2026 GDP growth forecasts included 3.4% from the IMF and 3.5% from the European Commission; EU-fund absorption, investment, exports and household demand were cited as supports.

• POLSTR-linked corporate lending began in October; mortgage lending based on POLSTR was planned for November, with other product lines expected to transition by year-end.