BNP Paribas Bank Polska (BNP) Q3 2025 earnings summary

Executive summary

• Net profit for Q3 2025 was PLN 696 million, down 5% quarter-on-quarter but up 9% year-on-year, supported by cost control and reduced CHF mortgage legal risk impact.

• Net profit for the first nine months of 2025 reached PLN 2,171 million, up 17.4% year-over-year, driven by higher trading income, improved cost control, and lower credit losses.

• Loan volumes grew 2.4% quarter-on-quarter, with strong performance in mortgages and investment products.

• The bank is preparing to unveil a new strategy for 2026-2030, focusing on sustainable funding, customer acquisition, and operational efficiency.

• The Group maintained strong capital and liquidity positions, with capital ratios well above regulatory requirements.

Financial highlights

• Net banking income for Q3 2025 was PLN 1,955 million, down 6.9% year-on-year, mainly due to lower non-interest income and absence of one-offs.

• Net interest income for 9M 2025 was PLN 4,424.3 million (+5.3% y/y); net fee & commission income PLN 944.1 million (+1.1% y/y); trading income PLN 828.8 million (+29.0% y/y).

• Operating expenses for 9M 2025 were PLN -2,563 million (+2.0% y/y), with cost/income ratio at 41.6% (-2.2pp y/y).

• Gross loans reached PLN 91.4 billion (+2.2% y/y), customer deposits PLN 129 billion (+5.9% y/y), and investment products PLN 23 billion (+24.1% y/y).

• Earnings per share increased to PLN 14.62 from PLN 12.52 year-over-year.

Outlook and guidance

• GDP growth in Poland is forecast at 3.5% in 2025 and 2026, with inflation expected to average 3.7% in 2025.

• The Monetary Policy Council is expected to continue easing, with further interest rate cuts anticipated.

• The Group expects continued pressure on margins from further interest rate cuts by the National Bank of Poland and ECB.

• Regulatory changes, including the transition from WIBOR to POLSTR and new tax rules, will require ongoing adaptation.

• The bank will present a new strategy on 11 December 2025, focusing on customer acquisition, capital-efficient lending, sustainable transformation, and operational efficiency.