Erste Bank Polska SA (LTS:0DVR)

Q3 2025 Santander Bank Polska SA Earnings Call Transcript

Oct 29, 2025 / 10:00 AM GMT

Release Date Price: zł395.55

Transcript

Key Points

Positve

Santander Bank Polska SA (FRA:BZI) reported a net profit of 4,892 million PLN, with 1,830 million PLN generated in the third quarter alone.
The bank's return on equity stands at a robust 21.6%, indicating strong profitability.
Client deposits reached 221 billion PLN, with total client funds, including investment funds, at 249 billion PLN.
The bank has introduced new digital features, such as the Samsung digital wallet, enhancing its digital offerings.
Loan volumes in business and corporate banking increased by 8% year on year, showcasing growth in these segments.

Negative

The bank faces potential challenges from proposed changes to the corporate income tax by the Polish government, which could impact its bottom line.
There was a slight decline in deposits from individual clients, attributed to a drop in savings accounts.
Operating costs increased by 8% year on year, driven by higher contributions to the banking guarantee fund and inflation.
The bank's effective tax rate is higher than the nominal rate due to many lines in the P&L without a tax shield.
Interest rate cuts have marginally impacted net interest income, although the bank has managed to maintain growth.

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

SPL1.WA - Santander Bank Polska SA
Q3 2025 Santander Bank Polska SA Earnings Call
Oct 29, 2025 / 10:00AM GMT

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Presentation
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Unidentified_1 [1]
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Hi ladies and gentlemen, it's already 11 o'clock, so we're starting our conference. My name is Agnieska Bobhika, and I'm in charge of investor relations at Santander Bankolska.

I want to extend a warm welcome to the presentation of our earnings after the 3rd quarter of 2025. The presentation will be led by Mikhail Gaevsky, Chief Executive Officer, Matte Luga, Chief Financial Officer, and Bochkarski, financial controller.

Before we kick off, I want to remind you that throughout the conference you can send your questions via the link or you can send them directly to my email address. The presentation with our earnings is available on our bank's website.

Naomi help over to you.

Thanks Ashka.

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