Bank Ochrony Srodowiska (BOS) Q1 2026 earnings summary

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.

• 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; deposits increased by 5.0% to PLN 22.7 billion.

• The bank continued to reduce legal risk related to CHF mortgage loans through settlements.

Financial highlights

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

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

• Dividend income surged to PLN 12 million from PLN 2,000.

• Administrative expenses increased 11.3% to PLN 187.5 million, with staff costs up 12.4%.

• Net impairment losses decreased 39% to PLN 10.4 million.

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.

• Performance in 2026 will be shaped by macroeconomic uncertainty, geopolitical risks, and legal risks on foreign-currency loans.