UPDATE: Bank Handlowy posts PLN 165.6 mln net profit in Q2 2025, above expectations

The expectations of seven brokerages regarding net profit for the second quarter ranged from PLN 139 million (EUR 32.6 mln) to PLN 172 million (EUR 40.3 mln).

The bank's second quarter results were affected by the sale of its retail business to VeloBank, which is defined as a discontinued operation. At the end of May, the bank signed an agreement to sell its retail business to VeloBank. In the second quarter, the net loss from discontinued operations amounted to PLN 348.7 million (EUR 81.8 mln).

Bank Handlowy's net profit in the second quarter of 2025 fell by 58 percent year on year and by 62 percent quarter on quarter. After the first half of 2025, the bank's net profit amounts to PLN 600.5 million (EUR 140.8 mln).

Net interest income amounted to PLN 530.1 million (EUR 124.3 mln) and was 5.1 percent higher than the consensus of PLN 504.4 million (EUR 118.3 mln). Net interest income fell 5 percent year on year.

Commission income amounted to PLN 106.5 million (EUR 24.9 mln), which means that it was 5.5 percent below the consensus of PLN 112.7 million (EUR 26.4 mln). Commission income increased by 2.4 percent year on year.

Total costs amounted to PLN 159 million (EUR 37.3 mln) and were 3.1 percent lower than the consensus of PLN 164 million (EUR 38.5 mln). Total costs fell by 1.2 percent year on year.

Below are the Bank Handlowy's Q2 results in comparison to the PAP Biznes consensus (data in PLN mln):

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