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Pekao - Quarterly Cost of Risk

Cost of Risk vs. Interest Spread (%)
Banking | Poland | September 14, 2023
Excel Sheet

Pekao's Cost of Risk (loan loss provisions as % of total assets) amounted to 0.404% in the second quarter of 2023, up from 0.144% when compared to the previous quarter.

Historically, the bank’s cost of risk reached an all time high of 4.18% in 2Q2002 and an all time low of -0.212% in 3Q2007. The average cost of risk in the last six quarters amounted to 0.572%.

On the other hand, average asset yield was 6.32% in 2Q2023, up from 4.45% when compared to the same period last year. Cost of funding amounted to 2.41% in 2Q2023, up from 0.779%.

When compared to bank's main peers, PKO BP operated in the second quarter of 2023 with a cost of risk of 2.33% Santander Bank Polska reached 1.65% and ING Bank Slaski some 0.346%.

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