Profil:
BNP Paribas Bank Polska SABNP Paribas BP bank expects interest income to increase by around PLN 100 mln in Q3 2024
Listed lender BNP Paribas Bank Polska expects an increase in interest income of approximately PLN 100 million (EUR 23.3 mln) in Q3 2024, the bank said in a market filing. Based on the number of requests from customers seeking suspension of loan repayments, BNP estimates the cost at PLN 103 million (EUR 24.04 mln).
"Based on the number of applications submitted by customers to the end of August 2024 to suspend the execution of mortgage contracts granted in PLN, the bank has reduced the estimated participation among eligible customers compared to the original assumptions," it wrote.
"As a result, an updated impact of the Act will be recognised in Q3 2024 results from the amount of PLN 203 million recognised in Q2 2024 results to approximately PLN 103 million, which means a positive impact of approximately PLN 100 million on the Bank's interest income in Q3 2024," it added.
It was reported that the above estimate will be subject to periodic revisions, in particular about the assumed level of customer participation.
alk/ nl/