Profil:
Santander Bank Polska SASantander BP lender posts PLN 1.73 bln attrib. net profit in Q1 2025, above expectations
Listed lender Santander BP, the unit of Spanish Banco Santander, posted over PLN 1.73 billion (EUR 406.1 mln) attributable net profit in the first quarter of 2025, up from nearly PLN 1.57 billion (EUR 366.5 mln) in the prior year period, the bank said in its quarterly financial report. The bank's profit was 7.1 percent above market expectations for PLN 1.62 billion (EUR 379 mln).
SANTANDER Q1 P&L vs. CONSENSUS AND PRIOR PERIODS
Q1 2025 | consensus | vs consensus | |||
PLN mln | PAP mln | % | |||
Net interest | 3 598,00 | 3 637,70 | -1,10% | ||
Net f&c | 748,3 | 737,6 | 1,50% | ||
OPEX - total | 1 489,50 | 1 493,70 | -0,30% | ||
Impairments | -251,9 | -249,8 | 0,80% | ||
attrib Net Profit | 1 734 | 1 618,40 | 7,10% | ||
Q1 2025 | Q1 2024 | y/y | Q4 2024 | q/q | |
% | % | ||||
Net interest | 3598 | 3 387 | 6,20% | 3 625 | -0,70% |
Net f&c | 748 | 729 | 2,70% | 726 | 3,10% |
OPEX - total | 1490 | 1 321 | 12,70% | 1 167 | 27,60% |
Impairments | -252 | -232 | 8,70% | -75 | 235,00% |
attrib Net Profit | 1734 | 1 565 | 10,80% | 913 | 89,80% |
Net result | 1 685 | 1 517 | 11,10% | 1 612 | 4,50% |
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