Erste Bank Polska SA (LTS:0DVR)

Full Year 2024 Santander Bank Polska SA Earnings Call Transcript

Feb 5, 2025 / 09:30 AM GMT

Release Date Price: zł395.55

Transcript

Key Points

Positve

Santander Bank Polska SA (STU:BZI) reported a gross profit of 7.3 billion PLN for 2024, with a net profit of 5.2 billion PLN, indicating strong financial performance.
The bank experienced significant growth in digital and mobile banking customers, with digital customers increasing by nearly 8% and mobile banking customers by 13%.
Customer deposits grew by 11% to 232 billion PLN, and the gross loan portfolio increased by 9% to 180 billion PLN, showcasing robust growth in core banking activities.
The bank's net interest income rose by 6% year-on-year to 13.9 billion PLN, demonstrating effective interest income management.
Santander Bank Polska SA (STU:BZI) maintained a strong capital position with a total capital ratio of 20.4% and excellent liquidity, with an LCR of 215% at the end of December 2024.

Negative

The bank faced significant tax and regulatory costs, with total charges amounting to 3.1 billion PLN in 2024, impacting overall profitability.
Legal risks associated with CHF loans resulted in additional charges, affecting the net profit for the fourth quarter.
Interest expense increased by 4% in the fourth quarter, which could pressure future net interest margins.
The cost of risk in the fourth quarter was approximately 60 basis points, indicating potential challenges in maintaining credit quality.
The bank's operational costs increased by 6% year-on-year, driven by high contributions to the banking guarantee fund and inflationary pressures, which could affect future cost efficiency.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SPL1.WA - Santander Bank Polska SA
Full Year 2024 Santander Bank Polska SA Earnings Call
Feb 05, 2025 / 09:30AM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Good morning. It's half past 10. We'll start today's conference. My name is Ernes Kdo. I'm Head of Industrial Relations at Santander Bank Post.

I would like to welcome you at the presentation of the preliminary results of Santander Bank FSCA for 2024. Mm. Today's presentation will be presented by Miev CEO Magas Ovoc, Head of Financial Accounting and Control Division. Before we start, I would like to remind you that you can ask questions via the link provided online and also you can send emails to my email address.

The presentation we will discuss today is available at the website of Santander Bank, Posco and now let me hand over to our CEO Good morning. Welcome at the presentation of the non audited

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.