By Helgi Analytics - August 14, 2019
PKO BP made a net profit of PLN 1,217 mil in the second quarter of 2019, up 30.4% when compared to the same period of last year. ...
By Helgi Analytics - August 14, 2019
PKO BP's non-performing loans reached 4.60% of total loans at the end of 2019-06-30, down from 5.71% compared to the previous yea...
By Helgi Analytics - August 14, 2019
PKO BP employed 28,057 persons in 2019-06-30, up 0.628% compared to the previous year. Historically, the bank's workforce hit an...
Profit Statement | 2016 | 2017 | 2018 | |
Net Interest Income | PLN mil | 7,755 | 8,606 | 9,345 |
Net Fee Income | PLN mil | 2,693 | 2,969 | 3,013 |
Other Income | PLN mil | 319 | 470 | 981 |
Total Revenues | PLN mil | 10,767 | 12,045 | 13,339 |
Staff Cost | PLN mil | 2,836 | 2,974 | 3,023 |
Operating Profit | PLN mil | 5,177 | 6,261 | 7,442 |
Provisions | PLN mil | 1,623 | 1,620 | 1,451 |
Net Profit | PLN mil | 2,874 | 3,104 | 3,741 |
Balance Sheet | 2016 | 2017 | 2018 | |
Interbank Loans | PLN mil | 5,345 | 5,233 | 7,661 |
Customer Loans | PLN mil | 200,606 | 205,628 | 214,912 |
Debt Securities | PLN mil | 54,691 | 57,066 | 2,565 |
Total Assets | PLN mil | 285,573 | 296,912 | 324,255 |
Shareholders' Equity | PLN mil | 32,569 | 36,256 | 39,101 |
Interbank Borrowing | PLN mil | 19,208 | 4,558 | 2,008 |
Customer Deposits | PLN mil | 205,066 | 218,800 | 242,816 |
Issued Debt Securities | PLN mil | 17,032 | 25,652 | 31,358 |
Ratios | 2016 | 2017 | 2018 | |
ROE | % | 9.15 | 9.02 | 9.93 |
ROA | % | 1.04 | 1.07 | 1.20 |
Costs (As % Of Assets) | % | 2.02 | 1.99 | 1.90 |
Costs (As % Of Income) | % | 51.9 | 48.0 | 44.2 |
Capital Adequacy Ratio | % | 15.8 | 17.4 | 18.9 |
Net Interest Margin | % | 2.81 | 2.95 | 3.01 |
Loans (As % Of Deposits) | % | 97.8 | 94.0 | 88.5 |
NPLs (As % Of Loans) | % | 5.90 | 5.50 | 5.13 |
Provisions (As % Of NPLs) | % | 65.5 | 66.6 | 71.7 |
Valuation | 2016 | 2017 | 2018 | |
Market Capitalisation (End Of Period) | USD mil | 8,416 | 15,897 | 13,090 |
Share Price (End Of Period) | PLN | 28.1 | 44.3 | 39.5 |
Price/Earnings (P/E) | 12.2 | 17.8 | 13.2 | |
Price/Book Value (P/BV) | 1.08 | 1.53 | 1.26 | |
Dividend Yield | % | 0 | 1.24 | ... |
Earnings Per Share (EPS) | PLN | 2.30 | 2.48 | 2.99 |
Book Value Per Share | PLN | 26.1 | 29.0 | 31.3 |
Dividend Per Share | PLN | 0 | 0.550 | ... |
Get all company financials in excel:
summary | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
income statement | |||||||||||||||||||
Net Interest Income | PLN mil | 8,089 | 6,722 | 7,523 | 7,029 | 7,755 | |||||||||||||
Total Revenues | PLN mil | 11,622 | 10,707 | 11,527 | 10,665 | 10,767 | |||||||||||||
Operating Profit | PLN mil | 6,939 | 6,082 | 5,933 | 4,667 | 5,177 | |||||||||||||
Net Profit | PLN mil | 3,739 | 3,230 | 3,243 | 2,610 | 2,874 | |||||||||||||
balance sheet | |||||||||||||||||||
Interbank Loans | PLN mil | 3,392 | 1,893 | 2,487 | 4,553 | 5,345 | |||||||||||||
Customer Loans | PLN mil | 143,483 | 149,623 | 179,497 | 190,414 | 200,606 | |||||||||||||
Debt Securities | PLN mil | 33,744 | 38,120 | 46,603 | 49,416 | 54,691 | |||||||||||||
Total Assets | PLN mil | 193,151 | 199,231 | 248,701 | 266,940 | 285,573 | |||||||||||||
Shareholders' Equity | PLN mil | 24,436 | 25,154 | 27,616 | 30,265 | 32,569 | |||||||||||||
Interbank Borrowing | PLN mil | 7,701 | 7,080 | 19,395 | 18,293 | 19,208 | |||||||||||||
Customer Deposits | PLN mil | 146,194 | 151,904 | 174,387 | 195,758 | 205,066 | |||||||||||||
Issued Debt Securities | PLN mil | 11,902 | 12,167 | 21,294 | 16,557 | 17,032 | |||||||||||||
ratios | |||||||||||||||||||
ROE | % | 15.8 | 13.0 | 12.3 | 9.02 | 9.15 | |||||||||||||
ROA | % | 1.95 | 1.65 | 1.45 | 1.01 | 1.04 | |||||||||||||
Costs (As % Of Assets) | % | 2.44 | 2.36 | 2.50 | 2.33 | 2.02 | |||||||||||||
Costs (As % Of Income) | % | 40.3 | 43.2 | 48.5 | 56.2 | 51.9 | |||||||||||||
Capital Adequacy Ratio | % | ... | 13.1 | 13.6 | 13.0 | 14.6 | 15.8 | ||||||||||||
Net Interest Margin | % | 4.21 | 3.43 | 3.36 | 2.73 | 2.81 | |||||||||||||
Interest Income (As % Of Revenues) | % | 69.6 | 62.8 | 65.3 | 65.9 | 72.0 | |||||||||||||
Fee Income (As % Of Revenues) | % | 25.1 | 28.1 | 25.4 | 26.7 | 25.0 | |||||||||||||
Staff Cost (As % Of Total Cost) | % | 54.9 | 54.4 | 47.8 | 46.1 | 50.7 | |||||||||||||
Equity (As % Of Assets) | % | 12.7 | 12.6 | 11.1 | 11.3 | 11.4 | |||||||||||||
Loans (As % Of Deposits) | % | 98.1 | 98.5 | 103 | 97.3 | 97.8 | |||||||||||||
Loans (As % Assets) | % | 74.3 | 75.1 | 72.2 | 71.3 | 70.2 | |||||||||||||
NPLs (As % Of Loans) | % | 8.93 | 8.23 | 6.92 | 6.59 | 5.90 | |||||||||||||
Provisions (As % Of NPLs) | % | 50.4 | 51.7 | 61.8 | 63.3 | 65.5 | |||||||||||||
valuation | |||||||||||||||||||
Market Capitalisation (End Of Period) | USD mil | ... | ... | ... | 14,909 | 16,351 | 12,626 | 8,757 | 8,416 | ||||||||||
Number Of Shares (Average) | mil | 1,250 | 1,250 | 1,250 | 1,250 | 1,250 | |||||||||||||
Share Price (End Of Period) | PLN | ... | ... | ... | 36.9 | 39.4 | 35.8 | 27.3 | 28.1 | ||||||||||
Earnings Per Share (EPS) | PLN | 2.99 | 2.58 | 2.59 | 2.09 | 2.30 | |||||||||||||
Book Value Per Share | PLN | 19.5 | 20.1 | 22.1 | 24.2 | 26.1 | |||||||||||||
Dividend Per Share | PLN | 1.80 | 0.750 | 0 | 0 | 0 | ... | ||||||||||||
Price/Earnings (P/E) | ... | ... | ... | 12.3 | 15.3 | 13.8 | 13.1 | 12.2 | |||||||||||
Price/Book Value (P/BV) | ... | ... | ... | 1.89 | 1.96 | 1.62 | 1.13 | 1.08 | |||||||||||
Dividend Yield | % | ... | ... | ... | 4.88 | 1.90 | 0 | 0 | 0 | ... | |||||||||
Earnings Per Share Growth | % | ... | -1.80 | -13.6 | 0.403 | -19.5 | 10.1 | ||||||||||||
Book Value Per Share Growth | % | ... | 7.07 | 2.94 | 9.78 | 9.59 | 7.61 |
income statement | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
income statement | |||||||||||||||||||
Interest Income | PLN mil | 13,198 | 10,764 | 10,737 | 9,658 | 9,965 | |||||||||||||
Interest Cost | PLN mil | 5,109 | 4,042 | 3,215 | 2,629 | 2,210 | |||||||||||||
Net Interest Income | PLN mil | 8,089 | 6,722 | 7,523 | 7,029 | 7,755 | |||||||||||||
Net Fee Income | PLN mil | 2,917 | 3,006 | 2,934 | 2,851 | 2,693 | |||||||||||||
Other Income | PLN mil | 616 | 979 | 1,070 | 786 | 319 | |||||||||||||
Total Revenues | PLN mil | 11,622 | 10,707 | 11,527 | 10,665 | 10,767 | |||||||||||||
Staff Cost | PLN mil | 2,572 | 2,515 | 2,672 | 2,766 | 2,836 | |||||||||||||
Depreciation | PLN mil | 541 | 579 | 747 | 819 | 801 | |||||||||||||
Other Cost | PLN mil | 1,569 | 1,531 | 2,174 | 2,413 | 1,953 | |||||||||||||
Operating Cost | PLN mil | 4,683 | 4,625 | 5,593 | 5,998 | 5,590 | |||||||||||||
Operating Profit | PLN mil | 6,939 | 6,082 | 5,933 | 4,667 | 5,177 | |||||||||||||
Provisions | PLN mil | 2,325 | 2,038 | 1,899 | 1,476 | 1,623 | |||||||||||||
Extra and Other Cost | PLN mil | -19.0 | 0 | 0 | 0 | -229 | |||||||||||||
Pre-Tax Profit | PLN mil | 4,633 | 4,044 | 4,035 | 3,191 | 3,783 | |||||||||||||
Tax | PLN mil | 895 | 816 | 792 | 589 | 907 | |||||||||||||
Minorities | PLN mil | 1.18 | 1.60 | 11.3 | 17.0 | 2.10 | |||||||||||||
Net Profit | PLN mil | 3,739 | 3,230 | 3,243 | 2,610 | 2,874 | |||||||||||||
Dividends | PLN mil | 2,250 | 938 | 0 | 0 | 0 | ... | ||||||||||||
growth rates | |||||||||||||||||||
Net Interest Income Growth | % | ... | 6.31 | -16.9 | 11.9 | -6.57 | 10.3 | ||||||||||||
Net Fee Income Growth | % | ... | -5.96 | 3.06 | -2.40 | -2.83 | -5.52 | ||||||||||||
Total Revenue Growth | % | ... | 7.08 | -7.87 | 7.66 | -7.48 | 0.961 | ||||||||||||
Operating Cost Growth | % | ... | 6.15 | -1.24 | 20.9 | 7.24 | -6.80 | ||||||||||||
Operating Profit Growth | % | ... | 7.72 | -12.3 | -2.45 | -21.3 | 10.9 | ||||||||||||
Pre-Tax Profit Growth | % | ... | -3.09 | -12.7 | -0.245 | -20.9 | 18.6 | ||||||||||||
Net Profit Growth | % | ... | -1.80 | -13.6 | 0.403 | -19.5 | 10.1 | ||||||||||||
market share | |||||||||||||||||||
Market Share in Revenues | % | 19.8 | 19.3 | 20.0 | 19.1 | 18.2 | ... | ||||||||||||
Market Share in Net Profit | % | 24.2 | 21.3 | 20.4 | 23.3 | 20.7 | ... | ||||||||||||
Market Share in Employees | % | 15.7 | 15.3 | 16.5 | 16.7 | 17.0 | ... | ||||||||||||
Market Share in Bank Cards | % | ... | 21.5 | 20.6 | 20.9 | 22.0 | 22.1 | ... | |||||||||||
Market Share in Debit Cards | % | ... | ... | ... | ... | ... | ... | ... | ... | 23.3 | 22.2 | 22.3 | 22.9 | 22.8 | ... | ||||
Market Share in Credit Cards | % | ... | ... | ... | ... | ... | ... | ... | ... | 15.2 | 13.5 | 14.0 | 14.4 | 14.5 | ... | ||||
Market Share in Branches | % | ... | 7.79 | 7.77 | 8.78 | 8.83 | 8.56 | ... |
balance sheet | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
balance sheet | |||||||||||||||||||
Cash | PLN mil | 10,290 | 7,246 | 11,738 | 13,744 | 13,325 | |||||||||||||
Interbank Loans | PLN mil | 3,392 | 1,893 | 2,487 | 4,553 | 5,345 | |||||||||||||
Customer Loans | PLN mil | 143,483 | 149,623 | 179,497 | 190,414 | 200,606 | |||||||||||||
Retail Loans | PLN mil | 93,901 | 97,304 | 112,413 | 144,006 | 154,100 | |||||||||||||
Mortgage Loans | PLN mil | 72,134 | 76,632 | 90,769 | 96,061 | 101,400 | |||||||||||||
Consumer Loans | PLN mil | 21,768 | 20,672 | 21,645 | 23,529 | 24,700 | |||||||||||||
Corporate Loans | PLN mil | ... | ... | 47,022 | 47,970 | 50,661 | 54,668 | 54,500 | |||||||||||
Debt Securities | PLN mil | 33,744 | 38,120 | 46,603 | 49,416 | 54,691 | |||||||||||||
Fixed Assets | PLN mil | 4,585 | 4,841 | 6,033 | 6,053 | 6,508 | |||||||||||||
Total Assets | PLN mil | 193,151 | 199,231 | 248,701 | 266,940 | 285,573 | |||||||||||||
Shareholders' Equity | PLN mil | 24,436 | 25,154 | 27,616 | 30,265 | 32,569 | |||||||||||||
Of Which Minority Interest | PLN mil | -0.338 | 1.51 | -10.0 | -18.4 | -16.2 | |||||||||||||
Liabilities | PLN mil | 168,714 | 174,077 | 221,085 | 236,675 | 253,004 | |||||||||||||
Interbank Borrowing | PLN mil | 7,701 | 7,080 | 19,395 | 18,293 | 19,208 | |||||||||||||
Customer Deposits | PLN mil | 146,194 | 151,904 | 174,387 | 195,758 | 205,066 | |||||||||||||
Retail Deposits | PLN mil | ... | 110,866 | 116,538 | 122,300 | 128,300 | 140,000 | ||||||||||||
Corporate Deposits | PLN mil | ... | 31,868 | 30,854 | 52,087 | 67,459 | 65,066 | ||||||||||||
Sight Deposits | PLN mil | ... | ... | ... | ... | ... | ... | ... | 61,636 | 68,872 | 82,654 | 92,166 | 111,515 | ||||||
Term Deposits | PLN mil | ... | ... | ... | ... | ... | ... | ... | 84,558 | 83,032 | 91,733 | 103,592 | 93,551 | ||||||
Issued Debt Securities | PLN mil | 11,902 | 12,167 | 21,294 | 16,557 | 17,032 | |||||||||||||
Other Liabilities | PLN mil | 2,917 | 2,926 | 6,009 | 6,067 | 11,697 | |||||||||||||
asset quality | |||||||||||||||||||
Non-Performing Loans | PLN mil | 13,446 | 12,861 | 12,977 | 13,101 | 12,307 | |||||||||||||
Gross Loans | PLN mil | 150,652 | 156,274 | 187,520 | 198,701 | 208,600 | |||||||||||||
Total Provisions | PLN mil | 6,776 | 6,651 | 8,022 | 8,287 | 8,061 | |||||||||||||
growth rates | |||||||||||||||||||
Customer Loan Growth | % | ... | 1.31 | 4.28 | 20.0 | 6.08 | 5.35 | ||||||||||||
Retail Loan Growth | % | ... | -1.67 | 3.62 | 15.5 | 28.1 | 7.01 | ||||||||||||
Mortgage Loan Growth | % | ... | 1.37 | 6.24 | 18.4 | 5.83 | 5.56 | ||||||||||||
Consumer Loan Growth | % | ... | -10.6 | -5.03 | 4.70 | 8.71 | 4.98 | ||||||||||||
Corporate Loan Growth | % | ... | ... | ... | 3.39 | 2.02 | 5.61 | 7.91 | -0.308 | ||||||||||
Total Asset Growth | % | ... | 1.26 | 3.15 | 24.8 | 7.33 | 6.98 | ||||||||||||
Shareholders' Equity Growth | % | ... | 7.07 | 2.94 | 9.78 | 9.59 | 7.61 | ||||||||||||
Customer Deposit Growth | % | ... | -0.191 | 3.91 | 14.8 | 12.3 | 4.75 | ||||||||||||
Retail Deposit Growth | % | ... | ... | 6.41 | 5.12 | 4.94 | 4.91 | 9.12 | |||||||||||
Corporate Deposit Growth | % | ... | ... | -17.2 | -3.18 | 68.8 | 29.5 | -3.55 | |||||||||||
market share | |||||||||||||||||||
Market Share in Customer Loans | % | 15.3 | 15.4 | 17.3 | 17.2 | 17.2 | ... | ||||||||||||
Market Share in Corporate Loans | % | ... | ... | 17.3 | 17.3 | 16.8 | 16.7 | 15.8 | ... | ||||||||||
Market Share in Retail Loans | % | 10.3 | 9.44 | 9.29 | 9.52 | 9.49 | ... | ||||||||||||
Market Share in Consumer Loans | % | 17.6 | 17.5 | 19.1 | 22.9 | 23.3 | ... | ||||||||||||
Market Share in Mortgage Loans | % | 22.4 | 22.8 | 25.5 | 25.2 | 25.3 | ... | ||||||||||||
Market Share in Total Assets | % | 14.3 | 14.2 | 16.2 | 16.7 | 16.7 | ... | ||||||||||||
Market Share in Customer Deposits | % | 15.7 | 15.5 | 16.7 | 17.6 | 16.9 | ... | ||||||||||||
Market Share in Retail Deposits | % | ... | 21.5 | 21.3 | 20.2 | 19.3 | 19.2 | ... | |||||||||||
Market Share in Corporate Deposits | % | ... | 16.7 | 14.7 | 22.7 | 26.6 | 23.7 | ... |
ratios | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
ratios | |||||||||||||||||||
ROE | % | 15.8 | 13.0 | 12.3 | 9.02 | 9.15 | |||||||||||||
ROA | % | 1.95 | 1.65 | 1.45 | 1.01 | 1.04 | |||||||||||||
Costs (As % Of Assets) | % | 2.44 | 2.36 | 2.50 | 2.33 | 2.02 | |||||||||||||
Costs (As % Of Income) | % | 40.3 | 43.2 | 48.5 | 56.2 | 51.9 | |||||||||||||
Capital Adequacy Ratio | % | ... | 13.1 | 13.6 | 13.0 | 14.6 | 15.8 | ||||||||||||
Tier 1 Ratio | % | ... | ... | ... | ... | ... | ... | 12.0 | 11.8 | 11.7 | 13.3 | 14.5 | |||||||
Net Interest Margin | % | 4.21 | 3.43 | 3.36 | 2.73 | 2.81 | |||||||||||||
Interest Spread | % | ... | 3.84 | 3.13 | 3.17 | 2.60 | 2.70 | ||||||||||||
Asset Yield | % | 6.88 | 5.49 | 4.79 | 3.75 | 3.61 | |||||||||||||
Cost Of Liabilities | % | ... | 3.04 | 2.36 | 1.63 | 1.15 | 0.902 | ||||||||||||
Payout Ratio | % | 60.2 | 29.0 | 0 | 0 | 0 | ... | ||||||||||||
Interest Income (As % Of Revenues) | % | 69.6 | 62.8 | 65.3 | 65.9 | 72.0 | |||||||||||||
Fee Income (As % Of Revenues) | % | 25.1 | 28.1 | 25.4 | 26.7 | 25.0 | |||||||||||||
Other Income (As % Of Revenues) | % | 5.30 | 9.15 | 9.28 | 7.37 | 2.96 | |||||||||||||
Cost Per Employee | USD per month | 2,307 | 2,421 | 2,341 | 2,121 | 1,987 | |||||||||||||
Cost Per Employee (Local Currency) | PLN per month | 7,506 | 7,652 | 7,671 | 7,890 | 8,027 | |||||||||||||
Staff Cost (As % Of Total Cost) | % | 54.9 | 54.4 | 47.8 | 46.1 | 50.7 | |||||||||||||
Equity (As % Of Assets) | % | 12.7 | 12.6 | 11.1 | 11.3 | 11.4 | |||||||||||||
Loans (As % Of Deposits) | % | 98.1 | 98.5 | 103 | 97.3 | 97.8 | |||||||||||||
Loans (As % Assets) | % | 74.3 | 75.1 | 72.2 | 71.3 | 70.2 | |||||||||||||
NPLs (As % Of Loans) | % | 8.93 | 8.23 | 6.92 | 6.59 | 5.90 | |||||||||||||
Provisions (As % Of NPLs) | % | 50.4 | 51.7 | 61.8 | 63.3 | 65.5 | |||||||||||||
Provisions (As % Of Loans) | % | 4.72 | 4.45 | 4.47 | 4.35 | 4.02 | |||||||||||||
Cost of Provisions (As % Of Loans) | % | 1.63 | 1.39 | 1.15 | 0.798 | 0.830 |
other data | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
other data | |||||||||||||||||||
Branches | ... | 1,198 | 1,186 | 1,319 | 1,277 | 1,238 | |||||||||||||
Employees | 28,556 | 27,387 | 29,032 | 29,220 | 29,441 | ||||||||||||||
ATMs | ... | 2,803 | 2,992 | 3,202 | 3,196 | 3,206 | |||||||||||||
Clients | mil | ... | ... | 6.22 | 6.32 | 6.66 | 6.62 | 6.85 | |||||||||||
Payment Cards | '000 | ... | 7,164 | 7,080 | 7,468 | 7,523 | 7,864 | ||||||||||||
Debit Cards | '000 | ... | ... | ... | ... | ... | ... | ... | ... | 6,184 | 6,255 | 6,625 | 6,685 | 7,012 | |||||
Credit Cards | '000 | ... | ... | ... | ... | ... | ... | ... | ... | 980 | 825 | 843 | 838 | 852 | |||||
Sight (As % Of Customer Deposits) | % | ... | ... | ... | ... | ... | ... | ... | 42.2 | 45.3 | 47.4 | 47.1 | 54.4 |
Get all company financials in excel:
By Helgi Analytics - August 14, 2019
PKO BP's capital adequacy ratio reached 18.6% at the end of second quarter of 2019, up from 18.4% when compared to the previous quarter. Historically, the bank’s capital ratio hit an all time high of 18.9% in 4Q2018 and an all time low of 12.3% in 3Q2011. The...
By Helgi Analytics - August 14, 2019
PKO BP's loans reached PLN 233,088 mil in the second quarter of 2019, up from PLN 227,612 mil when compared to the previous quarter and up from PLN 216,475 mil when compared to the same period of last year. Historically, the bank’s loans reached an ...
By Helgi Analytics - August 14, 2019
PKO BP's cost to income ratio reached 38.6% in the second quarter of 2019, down from 48.2% when compared to the previous quarter. Historically, the bank’s costs reached an all time high of 72.9% of income in 4Q2015 and an all time low of 38.6% in 2Q2019. ...
By Helgi Analytics - August 14, 2019
PKO BP stock traded at PLN 42.8 per share at the end of second quarter of 2019 implying a market capitalization of USD 14,156 mil. Over the last five years, the stock has appreciated by 13.6 % implying an annual average growth of 2.58 %. In absolute terms, the value o...
By Helgi Analytics - August 14, 2019
PKO BP employed 28,057 persons in 2019-06-30, up 0.628% when compared to the previous year. Historically, the bank's workforce hit an all time high of 35,386 persons in 2004-12-31 and an all time low of 27,387 in 2013-12-31. Average cost reached USD 2,539 per mont...
By Helgi Analytics - August 14, 2019
PKO BP's net interest margin amounted to 3.10% in the second quarter of 2019, up from 3.02% when compared to the previous quarter. Historically, the bank’s net interest margin reached an all time high of 5.31% in 3Q2008 and an all time low of 2.63% in 2...
By Helgi Analytics - August 14, 2019
PKO BP stock traded at PLN 42.8 per share at the end second quarter of 2019 implying a market capitalization of USD 14,156 mil. Since the end of 2Q2014, the stock has appreciated by 13.6 % implying an annual average growth of 2.58 %. In absolute terms, the value of th...
By Helgi Analytics - January 26, 2020
PKO BP stock traded at PLN 42.8 per share at the end of second quarter of 2019 implying a market capitalization of USD 14,156 mil. Over the last five years, the stock has appreciated by 13.6 implying an annual average growth of 2.58% In absolute terms, th...
By Helgi Analytics - August 14, 2019
PKO BP generated total banking revenues of PLN 3,739 mil in the second quarter of 2019, up 14.2% when compared to the same period of last year and 7.01% when compared to the previous quarter. Historically, the bank’s revenues containing of interest, fee a...
By Helgi Analytics - October 7, 2019
PKO BP's Equity reached of total assets in the 2Q2019, up from 8.47% for the previous year. As a share of net customer loans, the ratio amounted to at the end of the second quarter of 2019. ...
Powszechna Kasa Oszczędności Bank Polski (PKO BP) is Poland's largest bank. The Bank was founded in 1919 and is headquartered in Warsaw, Poland. The bank offers a range of personal and business financial services such as savings account, deposits, mortgage loans and brokerage products through specialized financial services in the area of leasing, factoring, investment funds, pension funds and life insurance. The core business activity of PKO Bank Polski is retail banking and the full name Powszechna Kasa Oszczędności roughly means "General Savings Bank". The bank employes more than 25,000 people and services more than 6 million clients through a network of more than 1,200 branches and 3,000 ATMs.
PKO BP has been growing its revenues and asset by 3.57% and 9.19% a year on average in the last 10 years. Its loans and deposits have grown by 7.83% and 8.96% a year during that time and loans to deposits ratio reached 88.5% at the end of 2018. The company achieved an average return on equity of 12.4% in the last decade with net profit growing 1.83% a year on average. In terms of operating efficiency, its cost to income ratio reached 44.2% in 2018, compared to 46.3% average in the last decade.
Equity represented 12.1% of total assets or 18.2% of loans at the end of 2018. PKO BP's non-performing loans were 5.13% of total loans while provisions covered some 71.7% of NPLs at the end of 2018.
PKO BP stock traded at PLN 39.5 per share at the end of 2018 resulting in a market capitalization of USD 13,090 mil. Over the previous five years, stock price rose by 0.127% or 0.025% a year on average. That’s compared to an average ROE of 9.88% 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 1.26x in 2018.