By Helgi Library - November 8, 2023
Pekao made a net profit of PLN 1,716 mil in the third quarter of 2023, up 416% when compared to the same period of last year. ...
By Helgi Library - November 8, 2023
Pekao made a net profit of PLN 1,716 mil under revenues of PLN 3,777 mil in the third quarter of 2023, up 416% and 267% r...
By Helgi Library - August 10, 2023
Pekao generated total banking revenues of PLN 3,843 mil in 2023-06-30, up 8.07% compared to the previous year. Polish bank...
| Profit Statement |
| Balance Sheet |
| Ratios |
| Valuation |
Get all company financials in excel:
| income statement | Unit | May 2024 | Sep 2023 |
| growth rates | |||
| Net Interest Income Growth | % | ... |
| ratios | Unit | May 2024 | Sep 2023 |
| ROTE | % | ... | |
| Return on Loans | % | ... | |
| Costs (As % Of Loans) | % | ... |
Get all company financials in excel:
By Helgi Library - August 10, 2023
Pekao's customer deposits reached PLN 221,761 mil in 2023-06-30, down 2.40% compared to the previous year. Polish banking sector accepted customer deposits of PLN 2,045 bil in 2023-06-30, up 2.00% when compared to the last year. Pekao accounted for 10.8% ...
By Helgi Library - November 22, 2023
Pekao's mortgage loans reached PLN 63,351 mil in 3Q2023, up 1.10% compared to the previous year. Polish banking sector provided mortgage loans of PLN 443 in 3Q2023, down 0.552% when compared to the last year. Pekao accounted for 14.3% of all mortgage loan...
By Helgi Library - August 10, 2023
Pekao's retail deposits reached PLN 128,161 mil in 2023-06-30, up 0.850% compared to the previous year. Polish banking sector accepted retail deposits of PLN 1,068 bil in 2023-06-30, up 1.91% when compared to the last year. Pekao accounted for 12.0% of al...
By Helgi Library - November 8, 2023
Pekao's net interest margin amounted to 4.05% in the third quarter of 2023, down from 4.12% when compared to the previous quarter. Historically, the bank’s net interest margin reached an all time high of 4.80% in 4Q2001 and an all time low of 0.571% in ...
By Helgi Library - November 8, 2023
Pekao employed 15,086 persons in 2023-09-30, up 1.13% when compared to the previous year. Historically, the bank's workforce hit an all time high of 21,120 persons in 2010-06-30 and an all time low of 14,642 in 2022-12-31. Average cost reached USD 3,589 per month ...
By Helgi Library - August 10, 2023
Pekao's customer loans reached PLN 159,592 mil in 2023-06-30, up 0.456% compared to the previous year. Polish banking sector provided customer loans of PLN 1,584 in 2023-06-30, down 0.064% when compared to the last year. Pekao accounted for 10.1% of all c...
By Helgi Library - November 8, 2023
Pekao's loans reached PLN 172,482 mil in the third quarter of 2023, up from PLN 169,286 mil when compared to the previous quarter and down from PLN 173,495 mil when compared to the same period of last year. Historically, the bank’s loans reached an ...
By Helgi Library - November 8, 2023
Pekao's corporate deposits reached PLN 92,325 mil in 2023-06-30, down 4.47% compared to the previous year. Polish banking sector accepted corporate deposits of PLN 634 bil in 2023-06-30, up 0.855% when compared to the last year. Pekao accounted for 14.6% ...
By Helgi Library - November 8, 2023
Pekao employed 15,086 persons in 2023-09-30, up 1.13% compared to the previous year. Historically, the bank's workforce hit an all time high of 21,120 persons in 2010-06-30 and an all time low of 14,642 in 2022-12-31. The bank operated a network of 580 bra...
By Helgi Library - September 14, 2023
Pekao's retail loans reached PLN 75,609 mil in the second quarter of 2023, down 0.124% compared to the previous year. Polish banking sector provided retail loans of PLN 722 bil in 2Q2023, down 0.570% when compared to the last year. Pekao accounted for 10....
Bank Polska Kasa Opieki Spółka Akcyjna, commonly using the shorter name Bank Pekao S.A., is the second largest bank in Poland. The bank was founded in 1929 mainly to provide financial services to Poles living abroad. Bank Pekao operates through the second largest network of branches in Poland and employs more than 16,000 people (2019). Group of Bank Pekao consists of the biggest investment fund in Poland, pension fund, brokerage house, as well as leasing and factoring subsidiaries, all of them leading in their respective market fields. The Italian bank UniCredit used to own 59% of the company. It sold the bank in December 2016 with Powszechny Zakład Ubezpieczeń owns a 20% of the company (2019).
Pekao has been growing its revenues and asset by 2.67% and 6.43% a year on average in the last 10 years. Its loans and deposits have grown by 5.28% and 7.43% a year during that time and loans to deposits ratio reached 75.3% at the end of 2022. The company achieved an average return on equity of 9.25% in the last decade with net profit growing -5.06% a year on average. In terms of operating efficiency, its cost to income ratio reached 54.5% in 2022, compared to 51.9% average in the last decade.
Equity represented 8.10% of total assets or 14.3% of loans at the end of 2022. Pekao's non-performing loans were 6.03% of total loans while provisions covered some 102% of NPLs at the end of 2022.
Pekao stock traded at per share at the end of 2022 resulting in a market capitalization of . Over the previous three years, stock price rose by 0% or 0% a year on average. That’s compared to an average ROE of 6.99% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of 13.2x and price to book value (PBV) of 0.997x in 2022.
Helgi Library 
