Full Year 2024 Bank Handlowy w Warszawie SA Earnings Call Transcript
Key Points
- Institutional banking lending grew by 8% year-over-year, reaching PLN15 billion.
- Consumer banking deposits increased by 5% year-over-year, with a strong performance in wealth management.
- Trade finance transactions experienced a significant growth of 58% year-over-year.
- Net profit for the year was PLN1.8 billion, with a strong ROE of 21.1%.
- The bank maintained a strong capital position with a ratio of 24.4%.
- Net interest income (NII) decreased by 3% quarter-over-quarter due to balance sheet structure changes.
- Consumer banking lending portfolio was flat, with a 1% decline in line with the sector.
- FX volumes decreased by 10% year-over-year due to lower ticket sizes, despite an increase in transaction numbers.
- Staff expenses and external services costs increased due to regulatory and IT projects.
- The cost of risk in institutional banking was negative, indicating potential challenges in maintaining portfolio quality.
Okay. Good afternoon, everyone. My name is Maciej Krywoniuk. I'm responsible for Strategy and, Investor Relations in the bank, and it's my pleasure to welcome you in the presentation of Q4 2024 financial results. We will be also commenting briefly on the, on a full year results for Bank Handlowy w Warszawie SA.
Let me start, with, saying that before we go into the details, I just wanted to let you know that we will not comment on consumer bank exits, and I wanted to share with you that any important milestones, on this will be communicated to the Warsaw Stock Exchange in the form of current report.
If we have something to communicate to the investors, analysts, and to the market participants. So, we are sharing the presentation on the screen. It's also available at our website. So, let me start, on page 2, which as mentioned before is a summary of 2024.
And it's my pleasure to share with you that 2024 was recognized by high client activity and that was the activity that we recorded in
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