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Santander Bank Polska (SPL) investor relations material
Santander Bank Polska Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary29 Oct, 2025
Executive summary
Net profit for the first nine months of 2025 reached PLN 4.892 billion, up 13% year-over-year, with gross profit at PLN 6.4 billion and strong growth in digital engagement and customer base to 6.1 million.
Total income increased by 6% year-over-year to PLN 12 billion, driven by higher net interest and fee income.
Maintained strong capital and liquidity positions, with ROE at 21.6% and liquidity coverage ratio over 203%.
Cost-to-income ratio was 30.0%–30.6%, reflecting higher regulatory and operating costs.
Continued digital transformation, process automation, and cybersecurity enhancements.
Financial highlights
Net interest income reached PLN 9.549 billion (+5% YoY); net fee and commission income was PLN 2.2 billion (+5% YoY).
Gross loans increased by 5% YoY to PLN 187.1 billion; deposits rose by 9% YoY to PLN 221 billion.
NPL ratio improved to 4.0% for continuing operations; cost of credit risk at 0.33%.
Net expected credit loss allowances decreased by 31.7% YoY, reflecting improved credit quality.
Effective tax rate higher than nominal 19% due to lack of tax shield and regulatory/legal risk costs.
Outlook and guidance
Expectation of further interest rate cuts, with rates reaching 4% by early 2026; inflation and regulatory changes to impact results.
Optimistic about continued growth in retail mortgages, business loans, and investment in digital and AI services.
Preparing for ownership changes, with Erste Group set to acquire a 49% stake, pending regulatory approval.
Cost growth expected to align with inflation outlook; non-recurring costs related to ownership change anticipated.
No major changes expected in credit risk profile or cost of risk; stabilization anticipated.
Strategies to alleviate new CIT impact
What drives NII resilience despite rate cuts?
Quantify owner change nonrecurring costs for 2026
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Next Santander Bank Polska earnings date
Q4 20255 Feb, 2026
Next Santander Bank Polska earnings date
Q4 20255 Feb, 2026
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Frequently asked questions
An Important Player in Polish Banking
Santander Polska, formerly known as Bank Zachodni WBK, is a prominent banking institution in Poland. The bank's history dates back to 1857, but it was only in 2011 that it became part of the global Santander Group. Today, it offers a full range of financial products and services typically offered by larger banks, including retail banking, business banking, and asset management. Even if the Polish division of the Spanish bank is owned by the larger global corporation, Santander Polska is traded on the Warsaw Stock Exchange.
History and Santander Acquisition
Santander Polska came to be as the result of mergers of traditional Polish banks, as well as a subsequent acquisition by the Spanish banking group Santander. Bank Zachodni and Wielkopolski Bank Kredytowy (WBK) were two separate banks established in 1857 and 1919 respectively. The two banks merged in 2001, forming Bank Zachodni WBK. This joint entity continued operations until 2011, when Banco Santander, a Spanish banking group, acquired a controlling stake. The bank was subsequently renamed Santander Polska to solidify the Santander brand in Poland. When looking at competitors we find names such as PKO Bank Polski, as well as the Polish arms of European giants BNP Paribas and ING.
Retail and Business Banking
Santander Polska serves millions of customers across Poland through its extensive branch network and digital platforms. It provides a diverse range of retail banking products including current accounts, savings accounts, credit cards, mortgages, and personal loans. Additionally, it offers investment products such as mutual funds and term deposits. For businesses, Santander Polska delivers various financial solutions including business loans, cash management, trade financing, and leasing services. These services are designed to support businesses of all sizes, from small and medium enterprises to large corporations.
Asset Management and Insurance
Beyond banking, Santander Polska also operates in the asset management and insurance sectors. Santander Polska Towarzystwo Funduszy Inwestycyjnych (TFI) is the bank's asset management subsidiary, providing investment funds for customers seeking to grow their wealth. On the insurance front, the bank collaborates with Santander Insurance to offer a range of insurance products. These include life insurance, non-life insurance, and various types of coverage for retail and business customers.
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