Half Year 2025 Bank Handlowy w Warszawie SA Earnings Call Transcript
Key Points
- Bank Handlowy w Warszawie SA (FRA:6HW) announced the payout of the second highest dividend in the bank's history, amounting to PLN1.3 billion, translating into an 8.3% dividend yield.
- The bank reported strong balance sheet growth with a 14% increase in lending and a 19% increase in deposits.
- Institutional Banking showed robust performance with a 7% quarter-on-quarter growth in loan volumes, surpassing the banking sector average.
- The bank maintained a strong capital ratio of 27.1% TLAC TREA ratio.
- The bank's custody activities reaffirmed its market-leading position in Poland with over 40% market share.
- The net profit was impacted by one-offs related to the consumer bank exit, resulting in a reported net profit of PLN166 million.
- Consumer Banking revenues decreased by 7% year on year, influenced by falling interest rates.
- Operating expenses in the Consumer business increased by 23% year over year, driven by regulatory costs, transaction-related expenses, and staff costs.
- The Consumer Banking segment experienced a decrease in card transaction value, with domestic and cross-border transactions down 1% and 7% year over year, respectively.
- The bank's net interest income was slightly down by 3% quarter on quarter and 5% year over year due to a decline in interest rates.
Hello, everyone. This is the earnings call for the second quarter 2025 of Citi Handlowy. My name is Adam Piotrak. I'm Investor Relations Head. I'm with Maciej Krywoniuk, the Head of the Strategy and Investor Relations Department. He will go through the presentation. The presentation is available on our website, Investor Relations, Citi Handlowy, or you can see on your screen.
So let's start. And after the presentation, there will be a Q&A session. Maciej?
Thank you very much, Adam. So a warm welcome to all of you. Thank you for joining. Let me start with page 2, which is a summary of key events in the second quarter. So what happens on the Consumer Banking segment, we start with the business where we announced on May 27, we have signed the sale agreement, which we published to the market.
So following the signing of the agreement, we have also updated the strategic
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