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Pekao - Cost Efficiency

Costs As % Of Assets & Income
Banking | Poland | September 14, 2023
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Excel Sheet

Pekao's cost to income ratio reached 54.5% in 2022, down from 55.7% compared to the previous year.

Historically, the bank’s costs reached an all time high of 76.3% of income in 1999 and an all time low of 43.3% in 2013.

When compared to total assets, bank's cost amounted to 2.21% in 2022, up from 1.96% a year earlier.

Staff accounted for 39.2% of total operating expenditures in 2022. The bank operated a network of 597 branches and employed 14,642 persons in 2022.

Comparing Pekao with its closest peers, PKO BP operated in 2022 with a cost to income ratio of 45.1% in 2022, Santander Bank Polska reached 37.9% and ING Bank Slaski some 55.7%.

You can see all the bank’s data at Pekao Profile, or you can download a report on the bank in the report section.