UPDATE: Bank Handlowy posts PLN 469.4 mln net profit in Q3 2025, above expectations

"The third quarter was another period in which the consistent implementation of the Global Business Bank's development strategy translated into results in institutional banking. (...) The loan volumes in this part of the business grew by 27 percent, which is more than four times faster than the market average, and deposits increased by 22 percent compared to a 12 percent rise in the banking sector," said the bank's CEO, Elzbieta Czetwertynska, quoted in the press release.

The bank informed that it is repositioning its operations and intensively developing institutional banking. The third quarter was another in which the bank recorded high growth dynamics in this area-loans rose by 27 percent year on year. The segment of the largest corporate clients saw the most dynamic increase in assets (up by 45 percent year on year).

In the area of retail banking, the number of wealthy clients grew by 10 percent year on year, individual customer deposit balances rose by 7 percent year on year, and assets in investment products were up by 18 percent year on year.

The value of mortgage products sold in the third quarter of 2025 amounted to PLN 141 million (EUR 32.4 mln), which was 45 percent higher than in the third quarter of 2024.

The ROE ratio (including discontinued operations) amounted to 17.1 percent.

The total capital ratio stands at 22.3 percent.

The sale of the retail business to VeloBank is defined as a discontinued operation. At the end of May, the bank signed an agreement to sell its retail business to VeloBank.

The presented net profit comes from continuing and discontinued operations. The data for the third quarter of 2024 has been restated by the bank for comparability purposes.

Below are the Bank Handlowy's Q3 results in comparison to the PAP Biznes consensus (data in PLN mln):

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