What Banks in Poland Were the Most Cost Efficient in 4Q2016?

Based on a comparison of 11 banks in Poland in 4Q2016, mBank was the most cost efficient bank, followed by Santander Bank Polska and PKO BP.

mBank's cost to income ratio reached 39.6% in 4Q2016, down from 40.9% when compared to the previous quarter and down from 50.6% when compared to the same period of last year. Historically, the bank’s costs reached an all time high of 188% in 4Q2004 and an all time low of 32.5% in 2Q2001.

When compared to total assets, bank's cost amounted to 1.39% in 4Q2016, down from 2.09% a year earlier.

When compared to the nearest peers, Santander Bank Polska operated in 4Q2016 with a cost to income ratio of 41.4%, PKO BP reached 42.9% and Bank Millennium some 52.1%.

The average cost to income ratio reached 49.4% in the Polish banking sector in 4Q2016.

You can see all the banks cost efficiency data at Costs (As % Of Income) indicator page or you can download a report on the Polish banks in the report section.