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BNP Paribas Bank Polska SAUPDATE: BNP Paribas BP lender posts PLN 733.8 mln net profit in Q2 2025, above expectations
Listed lender BNP Paribas BP's net profit rose to PLN 733.8 million (EUR 172.5 mln) in the second quarter of 2025 from PLN 623 million (EUR 146.5 mln) in the prior year period, the bank said in a report. The bank's net take was 13.9 percent higher than market expectations of PLN 644.2 million (EUR 151.5 mln). The bank recorded a positive risk cost which was influenced, among other things, by changes in the models for estimating expected credit losses.
BNP Paribas Bank Polska's net profit in the second quarter of 2025 increased by 17.8 percent year on year, while falling by 1 percent quarter on quarter.
After the first half of 2025, the bank's net profit amounted to PLN 1.48 billion (EUR 347.95 mln), an increase of 21.6 percent year on year.
Net interest income amounted to PLN 1,473.3 million (EUR 346.4 mln), 1.1 percent lower than the consensus forecasts. Net interest income rose by 20.8 percent year on year and decreased by 1.4 percent in quarterly terms.
The bank reported that the slight decline in net interest income on a quarterly basis was related to a decrease in interest income from loans resulting, among other things, from interest rate cuts for PLN and EUR and an increase in interest costs on customer deposits as a result of an increase in the deposit portfolio.
The bank recorded a decline in its interest margin from 3.64 percent in the first quarter to 3.54 percent in the second quarter.
Net fees & commission income amounted to PLN 328.1 million (EUR 77.14 mln), close to the consensus estimate; increasing by 13.9 percent year on year and by 0.3 percent quarter on quarter.
The higher F&C income on annual basis was mainly due to an increase in card fees and fees for asset management and brokerage operations.
Total costs reached PLN 786.4 million (EUR 184.9 mln), 5.6 percent lower than the market expectations. Bank's total costs rose by 2.1 percent year on year and fell by 19.4 percent quarter on quarter.
The year-on-year increase in costs was mainly due to higher employee costs, BFG costs and marketing costs, partially offset by a decrease in external services and consulting costs. The quarterly decrease was due to the absence of costs incurred in the first quarter for Poland's bank guarantee fund BFG and Poland's financial watchdog KNF.
The balance of provisions was positive and amounted to PLN 18.2 million (EUR 4.3 mln), while the market expected a negative balance of PLN 16.3 million (EUR 3.83 mln).
BNP Paribas BP reported that changes in the models for estimating expected credit losses, including the IFRS 9 model, had an impact on positive risk costs, as a result of which the bank released provisions in the institutional customer segment.
The total capital ratio is 17.44 percent, and Tier 1 is at 14.3 percent.
| PLN mln | 2Q2025 | consensus | difference | ||
| PAP | |||||
| Net interest | 1473.3 | 1 489.9 | -1.1% | ||
| Net f&c | 328.1 | 326.4 | 0.5% | ||
| OPEX - total | 786.4 | 833.3 | -5.6% | ||
| Impairments | 18.2 | -16.3 | |||
| Attrib. net profit | 733.8 | 644.2 | 13.9% | ||
| 2Q2025 | 2Q2024 | difference | 1Q2025 | difference | |
| PLN mln | y/y | q/q | |||
| Net interest | 1473.3 | 1 220 | 21% | 1 494 | -1% |
| Net f&c | 328.1 | 288 | 14% | 327 | 0% |
| OPEX - total | 786.4 | 803 | -2% | 976 | -19% |
| Impairments | 18.2 | 8 | 120% | -27 | |
| Attrib. net profit | 733.8 | 623 | 18% | 741 | -1% |
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