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BNP Paribas Bank Polska SAUPDATE: BNP Paribas BP lender posts PLN 695.5 mln net profit in Q3 2025, below market expectations
Listed lender BNP Paribas BP's net profit rose to PLN 695.5 million (EUR 163.3 mln) in the third quarter of 2025 from PLN 636 million (EUR 149.3 mln) in the prior year period, the bank said in a report. The bank's net take was 6 percent lower than market expectations of PLN 741.2 million (EUR 174 mln).
The bank reported a net profit of PLN 2.17 billion (EUR 509.5 mln) thanks to improvements in key categories of banking income, reduced operating costs and lower credit and legal risk costs for CHF loans.
The interest margin fell to 3.43 percent from 3.54 percent in the second quarter of 2025. BNP reported that the decline in the interest margin was mainly due to reductions in PLN interest rates.
Net interest income for the first three quarters of 2025 increased by 5.3 percent year on year.
The bank reported that the interest income generated in the first three quarters of 2025 was positively affected by a lower negative result on derivatives under hedge accounting compared to the same period last year, as well as an increase in the value of deposits, enabling further growth in the scale of operations and generating income from investing excess liquidity in securities portfolios and financial market instruments.
BNP reported that the higher quarterly costs were due to an increase in external services and consulting costs as well as employee costs, which was partially offset by a decrease in marketing and business travel costs.
The level of administrative and depreciation costs incurred in the first three quarters of 2025 increased by 2 percent year on year, and the review of the cost base carried out at the turn of 2024 and 2025, particularly in the area of consulting services, had a positive impact.
The result on legal risk related to foreign currency loans amounted to PLN 65.3 million (EUR 15.3 mln) in the third quarter. The consensus for provisions for CHF loans was PLN 94 million (EUR 22.1 mln).
In the third quarter, BNP recorded a 20 percent decrease in the number of new lawsuits compared to the previous two quarters and a 47 percent decrease year on year. During this period, 335 new lawsuits were filed.
The volume of net loans and advances at the end of the third quarter of 2025 amounted to PLN 89 billion (EUR 20.9 mln), an increase of 3.6 percent compared to the end of 2024. The retail customer portfolio grew by 3.1 percent during this period, while the institutional customer loan portfolio grew by 3.9 percent.
The total capital ratio is 17.5 percent, and Tier 1 is at 14.15 percent.
| PLN mln | 3Q2025 | consensus | difference | ||
|---|---|---|---|---|---|
| PAP | |||||
| Net interest | 1456.6 | 1 455.7 | 0% | ||
| Net f&c | 288.5 | 316.3 | -9% | ||
| OPEX - total | 800.0 | 794.8 | 1% | ||
| Impairments | -96.8 | -49.2 | 97% | ||
| Attrib. net profit | 695.5 | 741.2 | -6% | ||
| 3Q2025 | 3Q2024 | difference | 2Q2025 | difference | |
| PLN mln | y/y | q/q | |||
| Net interest | 1456.6 | 1 579 | -8% | 1 473 | -1% |
| Net f&c | 288.5 | 311 | -7% | 328 | -12% |
| OPEX - total | 800.0 | 787 | 2% | 786 | 2% |
| Impairments | -96.8 | -99 | -2% | 18 | |
| Attrib. net profit | 695.5 | 636 | 9% | 734 | -5% |
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