Profil:
Bank Pekao SAPekao lender sees further positive lending trends in Q3 2025
Listed lender Bank Pekao, which recorded faster growth in its loan portfolio in the second quarter of 2025, is observing a continued positive trend in lending at the beginning of the third quarter, CEO Cezary Stypulkowski told a press conference.
"The 6 percent growth in the loan portfolio is probably the beginning of a certain trend that we are slowly seeing in the economy," Stypulkowski said.
"Undoubtedly, the intensification of lending growth took place in the second quarter. We have double-digit growth in individual segments, so this is encouraging," he added.
The CEO pointed out that retail has caught up a bit.
"(...) at the moment we are in a situation where we are developing in parallel in various aspects of the bank's operations, so these are very significant increases," said Stypulkowski.
"We are after the first month [of the third quarter - PAP ed.] and the data we have confirms the trend we observed in the second quarter," he added.
Pekao announced on Thursday that it had recorded a 6 percent year-on-year increase in its loan portfolio, including a 5 percent increase in its retail loan portfolio and an 8 percent increase in corporate loans.
In the second quarter, the bank recorded double-digit growth in lending in key strategic segments: the volume of cash loans increased by 11 percent to PLN 13.5 billion (EUR 3.15 bln), micro financing by 12 percent to PLN 5.5 billion (EUR 1.3 bln), and the volume of financing for companies in the MID+SME segments by 13 percent to PLN 42.6 billion (EUR 10 bln).
Mortgage sales in the second quarter amounted to PLN 2.77 billion (EUR 646.8 mln), growing by 16 percent year on year.
Ernest Pytlarczyk, chief economist at Bank Pekao, believes that lending in the consumer loan segment should surprise the market positively. The analyst expects a significant increase in demand for mortgages.
"Consumption and consumers are likely to be the dark horses of this year. The situation on the labour market is not bad, but what makes the difference is the different trajectory of inflation. We have really low inflation," said Pytlarczyk.
Pytlarczyk said that lower interest rates mean that there will be high demand for mortgages soon.
"We estimate that this deferred demand is as high as 70 billion, which is slightly less than annual production, and it will simply “spill over” in the next year or two, so we will see a large increase in demand for mortgages," he added.
seb/ han/ ao/