BNP Paribas Bank Polska (BNP) Q4 2025 earnings summary

Executive summary

• Achieved record net profit of PLN 3.1 billion in 2025, up 30% year-over-year, driven by revenue growth, cost control, and lower legal risk from CHF mortgage loans.

• Net banking income reached PLN 8.2 billion, with strong Q4 net profit of PLN 890 million and improved cost efficiency.

• Completed and exceeded GObeyond strategy targets, transitioned to Accelerate 2030 strategy focused on growth and profitability.

• Growth in business volumes across all segments, with notable increases in loans and deposits for both individual and institutional customers.

• Systematic cleanup of the customer base completed, expected to positively impact customer numbers.

Financial highlights

• Net banking income rose 5.6% year-over-year to PLN 8.2 billion, with net interest income up 2.6%, net fee and commission income up 1.0%, and net trading income up 24.5%.

• Operating expenses remained under control, up only 0.5% year-over-year, with a cost/income ratio of 41.2% (down 2.1pp year-over-year).

• Net allowances on expected credit losses fell 29.1% year-over-year to PLN -174 million; CHF portfolio legal risk impact dropped 37.3% to PLN -499 million.

• Customer deposits increased 8.0% to PLN 141 billion; gross loans grew 5.9% to PLN 94 billion.

• Equity strengthened by 14.3% to PLN 18 billion; total capital ratio at 16.86%.

Outlook and guidance

• Expecting annual average loan book growth of 7% in 2026, with growth not evenly distributed across quarters.

• Strategy aims for a cost-to-income ratio below 38% by 2030 and a dividend payout ratio of up to 75% by the end of the strategy period.

• Further monetary policy easing and interest rate cuts anticipated, with net interest margin expected to remain under pressure but offset by volume growth and hedging.

• Anticipate continued robust demand for loans, especially from larger enterprises and traditional industrial sectors.

• Macroeconomic conditions, including GDP growth and inflation trends, will influence future performance.