Erste Bank Polska SA (LTS:0DVR)

Q1 2026 Erste Bank Polska SA Earnings Call Transcript

Apr 30, 2026 / 10:59 AM GMT

Release Date Price: zł395.55

Transcript

Key Points

Positve

Erste Bank Polska SA (BKZHY) reported a net profit of $1,028 million for the first quarter, indicating strong financial performance.
The bank successfully completed a complex rebranding and integration with the ERSA Group, which was seamless from the customer's perspective.
Customer deposits increased to 228 billion slots, with a favorable change in the mix of deposits.
The bank saw a significant increase in digital customers, with 4 million digital users, representing a nearly 5% year-on-year growth.
Erste Bank Polska SA (BKZHY) maintained a strong capital position with a return on equity of approximately 20% and excellent liquidity, with RCR exceeding 200%.

Negative

Net interest income declined by 3.6% year-on-year due to interest rate cuts, impacting overall profitability.
Operating expenses were impacted by one-off factors such as contributions to the banking guarantee fund and costs related to integration and rebranding.
The cost of legal risk and foreign currency mortgages amounted to $166 million, affecting net profit.
The effective tax rate was high at 42.2%, which reduced the net profit margin.
The bank faces ongoing legal challenges related to FX loans, although the number of claims has been declining.

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

EBP.WA - Erste Bank Polska SA
Q1 2026 Erste Bank Polska SA Earnings Call
Apr 30, 2026 / NTS GMT

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Presentation
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Unidentified_1 [1]
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Hi, ladies and gentlemen. It's 9 o'clock, so we're starting. My name is Agnieszka Dovositska. I'm in charge of Investor Relations at Erste Bank Polska.

I want to welcome you to our press conference for financial results after the first quarter of this year.

We're doing it for the first time at Erste Bank Polska after the rebranding that happened over the weekend.

I'm here with Michal Gajewski, the CEO, and Maciej Reiluga, Vice President of the Management Board at Ersta Bank Polska.

Let me remind you that throughout the conference, you can.

Send out your questions by e-mail.

My e-mail address is [email protected]. You can ask your questions using the link.

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