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Santander Bank Polska

Santander Polska's net interest margin fell 21.7% yoy to 2.50% in 4Q2020

By Helgi Analytics - March 23, 2021

Santander Bank Polska's net interest margin amounted to 2.50% in the fourth quarter of 2020, up from 2.49% when compared to the ...

Santander Polska's capital adequacy ratio rose 17.4% yoy to 20.0% in 4Q2020

By Helgi Analytics - March 23, 2021

Santander Bank Polska's capital adequacy ratio reached 20.0% at the end of fourth quarter of 2020, up from 18.7% when compared to...

Santander Polska's mortgage loans remain unchanged yoy at PLN mil in 4Q2020

By Helgi Analytics - March 23, 2021

Santander Bank Polska's mortgage loans reached PLN 37,293 mil in 2017-12-31, down 0.453% compared to the previous year. Polish ...

Profit Statement 2018 2019 2020
Net Interest Income PLN mil 5,843 6,679 5,911
Net Fee Income PLN mil 2,058 2,128 2,152
Other Income PLN mil 750 1,038 1,019
Total Revenues PLN mil 8,650 9,846 9,082
Staff Cost PLN mil 1,670 1,870 1,744
Operating Profit PLN mil 5,020 5,740 5,313
Provisions PLN mil 1,085 1,219 1,763
Net Profit PLN mil 2,043 2,320 1,577
Balance Sheet 2018 2019 2020
Interbank Loans PLN mil 12,126 5,568 3,220
Customer Loans PLN mil 137,460 143,403 141,999
Investments PLN mil 39,031 43,387 69,966
Total Assets PLN mil 206,656 209,476 229,311
Shareholders' Equity PLN mil 26,595 26,980 28,658
Interbank Borrowing PLN mil 12,730 6,023 6,027
Customer Deposits PLN mil 149,617 156,480 171,522
Issued Debt Securities PLN mil 12,013 14,006 14,621
Ratios 2018 2019 2020
ROE % 8.18 8.66 5.67
ROA % 1.14 1.11 0.719
Costs (As % Of Assets) % 2.02 1.97 1.72
Costs (As % Of Income) % 42.0 41.7 41.5
Capital Adequacy Ratio % 16.0 17.1 20.0
Net Interest Margin % 3.25 3.21 2.69
Loans (As % Of Deposits) % 91.9 91.6 82.8
NPLs (As % Of Loans) % 4.02 4.60 5.20
Provisions (As % Of NPLs) % 76.9 76.7 82.1
Valuation 2018 2019 2020
Market Capitalisation USD mil 9,763 8,279 5,079
Number Of Shares mil 99.9 102 102
Share Price PLN 358 307 186
Price/Earnings (P/E) 17.5 13.5 12.0
Price/Book Value (P/BV) 1.35 1.16 0.662
Dividend Yield % 5.51 6.42 0
Earnings Per Share (EPS) PLN 20.5 22.7 15.4
Book Value Per Share PLN 266 264 280
Dividend Per Share PLN 19.7 19.7 0

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summary Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
income statement                                          
Net Interest Income PLN mil                             4,077 4,414 4,867 5,354 5,843    
Total Revenues PLN mil                             6,910 7,414 8,079 8,249 8,650    
Operating Profit PLN mil                             3,968 4,097 4,421 4,885 5,020    
Net Profit PLN mil                             2,020 2,097 1,931 2,197 2,043    
balance sheet                                          
Interbank Loans PLN mil                             2,523 3,870 3,513 2,136 12,126    
Customer Loans PLN mil                             85,821 94,914 103,069 107,840 137,460    
Investments PLN mil       ... ... ... ... ... ...           32,296 28,788 32,489 31,832 39,031    
Total Assets PLN mil                             134,502 139,709 150,100 152,674 206,656    
                                             
Shareholders' Equity PLN mil                             18,052 20,568 21,019 23,344 26,595    
Interbank Borrowing PLN mil                             8,994 6,849 4,274 5,434 12,730    
Customer Deposits PLN mil                             94,825 101,245 112,522 111,481 149,617    
Issued Debt Securities PLN mil                             4,913 4,848 5,970 7,384 12,013    
ratios                                          
ROE % ...                           12.4 10.9 9.29 9.91 8.18    
ROA % ...                           1.68 1.53 1.33 1.45 1.14    
Costs (As % Of Assets) % ...                           2.45 2.42 2.52 2.22 2.02    
Costs (As % Of Income) %                             42.6 44.7 45.3 40.8 42.0    
Capital Adequacy Ratio %                             12.9 14.6 15.1 16.7 16.0    
Net Interest Margin % ...                           3.39 3.22 3.36 3.54 3.25    
Interest Income (As % Of Revenues) %                             59.0 59.5 60.2 64.9 67.5    
Fee Income (As % Of Revenues) %                             26.7 26.1 23.7 24.4 23.8    
Staff Cost (As % Of Total Cost) %       ... ...   ...               46.9 46.6 41.3 46.5 46.0    
Equity (As % Of Assets) %                             13.4 14.7 14.0 15.3 12.9    
Loans (As % Of Deposits) %                             90.5 93.7 91.6 96.7 91.9    
Loans (As % Assets) %                             63.8 67.9 68.7 70.6 66.5    
NPLs (As % Of Loans) %       ... ... ... ... ...             8.37 7.27 4.99 5.77 4.02    
Provisions (As % Of NPLs) %       ... ... ... ... ...             67.4 70.6 90.6 74.5 76.9    
valuation                                          
Market Capitalisation USD mil ...                           10,513 7,174 7,508 11,333 9,763    
Number Of Shares mil     ...                       96.4 99.4 99.4 99.5 99.9    
Share Price PLN ...                           375 284 316 396 358    
Earnings Per Share (EPS) PLN     ...                       20.9 21.1 19.4 22.1 20.5    
Book Value Per Share PLN     ...                       187 207 211 235 266    
Dividend Per Share PLN ...     ... ...       ...           0 13.0 5.40 3.10 19.7    
Price/Earnings (P/E) ...   ...                       17.9 13.5 16.3 17.9 17.5    
Price/Book Value (P/BV) ...   ...                       2.00 1.37 1.49 1.69 1.35    
Dividend Yield % ...     ... ...       ...           0 4.58 1.71 0.782 5.51    
Earnings Per Share Growth % ...   ... ...                     6.05 0.692 -7.90 13.7 -7.42    
Book Value Per Share Growth % ...   ... ...                     21.1 10.5 2.20 11.0 13.4    
income statement Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
income statement                                          
Interest Income PLN mil                             5,803 5,814 6,158 6,606 7,314    
Interest Cost PLN mil                             1,726 1,400 1,291 1,252 1,471    
Net Interest Income PLN mil                             4,077 4,414 4,867 5,354 5,843    
Net Fee Income PLN mil                             1,848 1,938 1,915 2,013 2,058    
Fee Income PLN mil                             2,211 2,358 2,388 2,527 2,527    
Fee Expense PLN mil                             364 420 474 514 469    
Other Income PLN mil                             985 1,061 1,297 883 750    
Total Revenues PLN mil                             6,910 7,414 8,079 8,249 8,650    
Staff Cost PLN mil       ... ...   ...               1,381 1,544 1,510 1,563 1,670    
Operating Cost PLN mil                             2,941 3,317 3,658 3,364 3,631    
Operating Profit PLN mil                             3,968 4,097 4,421 4,885 5,020    
Provisions PLN mil                             837 811 785 690 1,085    
Extra and Other Cost PLN mil                             362 392 806 879 906    
Pre-Tax Profit PLN mil                             2,770 2,894 2,831 3,316 3,029    
Tax PLN mil                             617 590 683 813 652    
Minorities PLN mil                             133 207 217 305 334    
Net Profit PLN mil                             2,020 2,097 1,931 2,197 2,043    
Net Profit Avail. to Common PLN mil                             2,020 2,097 1,931 2,197 2,043    
Dividends PLN mil ...     ... ...       ...           0 1,290 536 308 2,013    
growth rates                                          
Net Interest Income Growth % ...                           22.2 8.28 10.3 10.0 9.13    
Net Fee Income Growth % ...                           3.89 4.89 -1.21 5.14 2.22    
Total Revenue Growth % ...                           15.6 7.29 8.98 2.11 4.86    
Operating Cost Growth % ...                           -27.5 12.8 10.3 -8.04 7.92    
Operating Profit Growth % ...                           107 3.24 7.91 10.5 2.74    
Pre-Tax Profit Growth % ...                           17.8 4.49 -2.19 17.1 -8.66    
Net Profit Growth % ...                           9.19 3.83 -7.92 13.8 -7.03    
market share                                          
Market Share in Revenues %                             12.0 13.2 13.6 13.4 13.4    
Market Share in Net Profit %                             12.7 18.7 13.9 16.2 15.6    
Market Share in Employees %     ... ...     ... ...             6.77 6.56 8.72 8.64 9.44    
Market Share in Branches % ... ... ... ... ... ... ... ... ... ... ...       6.47 7.51 7.30 7.06 7.70    
balance sheet Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
balance sheet                                          
Cash & Cash Equivalents PLN mil                             6,807 6,230 4,776 4,146 8,908    
Interbank Loans PLN mil                             2,523 3,870 3,513 2,136 12,126    
Customer Loans PLN mil                             85,821 94,914 103,069 107,840 137,460    
Retail Loans PLN mil ... ... ... ... ...                   47,784 51,950 56,291 57,822 74,696    
Mortgage Loans PLN mil ... ... ... ... ... ... ... ... ...           30,861 33,721 37,008 37,293 49,211    
Consumer Loans PLN mil ... ... ... ... ... ... ... ... ...           16,923 18,230 19,283 20,529 25,485    
Corporate Loans PLN mil ... ... ... ... ...                   39,150 43,307 45,180 47,777 58,603    
Investments PLN mil       ... ... ... ... ... ...           32,296 28,788 32,489 31,832 39,031    
Property and Equipment PLN mil                             757 830 878 931 986    
Intangible Assets PLN mil                             3,048 2,154 2,175 2,202 2,531    
Goodwill PLN mil ... ... ... ... ... ... ... ...             2,542 1,689 1,689 1,712 1,712    
Total Assets PLN mil                             134,502 139,709 150,100 152,674 206,656    
                                             
Shareholders' Equity PLN mil                             18,052 20,568 21,019 23,344 26,595    
Of Which Minority Interest PLN mil                             1,521 1,176 1,238 1,436 1,564    
Liabilities PLN mil                             116,450 119,141 129,081 129,331 180,062    
Interbank Borrowing PLN mil                             8,994 6,849 4,274 5,434 12,730    
Customer Deposits PLN mil                             94,825 101,245 112,522 111,481 149,617    
Sight Deposits PLN mil             ...               43,048 48,713 59,863 65,663 85,201    
Term Deposits PLN mil       ... ...   ...               48,475 48,564 47,825 41,484 58,696    
Issued Debt Securities PLN mil                             4,913 4,848 5,970 7,384 12,013    
Subordinated Debt PLN mil ... ... ... ... ... ... ... ... ...           1,540 527 440 1,489 2,644    
Other Liabilities PLN mil                             7,718 6,199 6,315 5,031 5,703    
asset quality                                          
Non-Performing Loans PLN mil       ... ... ... ... ...             7,610 7,268 5,385 6,508 5,704    
Gross Loans PLN mil                             90,947 100,045 107,947 112,686 141,845    
Risk-Weighted Assets PLN mil ... ... ... ... ... ... ... ... ... ... ...       101,016 109,316 110,208 119,003 142,928    
Total Provisions PLN mil       ... ...   ... ...             5,127 5,131 4,879 4,846 4,384    
growth rates                                          
Customer Loan Growth % ...                           26.0 10.6 8.59 4.63 27.5    
Retail Loan Growth % ... ... ... ... ... ...                 40.4 8.72 8.36 2.72 29.2    
Mortgage Loan Growth % ... ... ... ... ... ... ... ... ... ...         22.0 9.27 9.75 0.770 32.0    
Consumer Loan Growth % ... ... ... ... ... ... ... ... ... ...         93.5 7.72 5.78 6.46 24.1    
Corporate Loan Growth % ... ... ... ... ... ...                 14.3 10.6 4.32 5.75 22.7    
Total Asset Growth % ...                           26.8 3.87 7.44 1.72 35.4    
Shareholders' Equity Growth % ...                           24.6 13.9 2.19 11.1 13.9    
Customer Deposit Growth % ...                           21.0 6.77 11.1 -0.925 34.2    
market share                                          
Market Share in Customer Loans %                             8.26 8.59 8.86 8.94 11.2    
Market Share in Corporate Loans % ... ... ... ... ...                   13.0 13.2 13.1 13.1 15.7    
Market Share in Retail Loans % ... ... ... ... ... ... ... ... ...           7.26 7.37 7.41 7.39 9.48    
Market Share in Consumer Loans % ... ... ... ... ...                   8.11 8.27 8.52 8.60 10.6    
Market Share in Mortgage Loans % ... ... ... ... ... ... ... ... ...           8.67 8.84 9.25 9.46 11.3    
Market Share in Total Assets %                             8.78 8.73 8.77 8.57 10.4    
Market Share in Customer Deposits %                             9.06 9.08 9.28 8.78 12.1    
ratios Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                                           
ROE % ...                           12.4 10.9 9.29 9.91 8.18    
ROTE % ...                           15.3 12.6 10.4 11.0 9.04    
ROE (@ 15% of RWA) % ... ... ... ... ... ... ... ... ... ... ... ...     14.6 13.3 11.7 12.8 10.4    
ROA % ...                           1.68 1.53 1.33 1.45 1.14    
Return on Loans % ...                           2.62 2.32 1.95 2.08 1.67    
Operating Profit (As % of RWA) % ... ... ... ... ... ... ... ... ... ... ... ...     4.30 3.90 4.03 4.26 3.83    
Costs (As % Of Assets) % ...                           2.45 2.42 2.52 2.22 2.02    
Costs (As % Of Income) %                             42.6 44.7 45.3 40.8 42.0    
Costs (As % Of Loans) % ...                           3.82 3.67 3.70 3.19 2.96    
Costs (As % Of Loans & Deposits) % ...                           1.80 1.76 1.78 1.55 1.43    
Capital Adequacy Ratio %                             12.9 14.6 15.1 16.7 16.0    
Tier 1 Ratio % ... ... ... ... ... ... ... ... ... ... ... ... ...   12.5 14.1 14.6 15.3 14.1    
Net Interest Margin % ...                           3.39 3.22 3.36 3.54 3.25    
Interest Spread % ...                           3.16 3.05 3.21 3.39 3.12    
Asset Yield % ...                           4.82 4.24 4.25 4.36 4.07    
Revenues (As % of RWA) % ... ... ... ... ... ... ... ... ... ... ... ...     7.48 7.05 7.36 7.20 6.60    
Cost Of Liabilities % ...                           1.66 1.19 1.04 0.969 0.951    
Payout Ratio % ...     ... ...       ...           0 61.5 27.8 14.0 98.5    
Interest Income (As % Of Revenues) %                             59.0 59.5 60.2 64.9 67.5    
Fee Income (As % Of Revenues) %                             26.7 26.1 23.7 24.4 23.8    
Other Income (As % Of Revenues) %                             14.3 14.3 16.1 10.7 8.67    
Staff Cost (As % Of Total Cost) %       ... ...   ...               46.9 46.6 41.3 46.5 46.0    
Equity (As % Of Assets) %                             13.4 14.7 14.0 15.3 12.9    
Equity (As % Of Loans) %                             21.0 21.7 20.4 21.6 19.3    
Loans (As % Of Deposits) %                             90.5 93.7 91.6 96.7 91.9    
Loans (As % Assets) %                             63.8 67.9 68.7 70.6 66.5    
NPLs (As % Of Loans) %       ... ... ... ... ...             8.37 7.27 4.99 5.77 4.02    
Provisions (As % Of NPLs) %       ... ... ... ... ...             67.4 70.6 90.6 74.5 76.9    
Provisions (As % Of Loans) %       ... ...   ... ...             5.97 5.41 4.73 4.49 3.19    
Cost of Provisions (As % Of Loans) % ...                           1.09 0.897 0.793 0.655 0.885    
other data Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                                           
Branches ... ... ... ... ... ... ... ... ... ... ...       788 890 821 735 764    
ATMs ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 1,762   ...
ATMs (As % of Bank Branches) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 231   ...
Employees     ... ...     ... ...             11,688 11,216 14,722 14,200 15,347    
Employees Per Bank Branch ... ... ... ... ... ... ... ... ... ... ...       14.8 12.6 17.9 19.3 20.1    
Cost Per Employee USD per month     ... ... ...   ... ...             3,004 3,083 2,116 2,394 2,505    
Cost Per Employee (Local Currency) PLN per month     ... ... ...   ... ...             9,843 11,473 8,549 9,170 9,070    
customer breakdown Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                                           
Customers mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
Number of Primary Customers mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
Number of Mortgages mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
Average Size of Mortgage Loan PLN ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
Primary (As % of Total Clients) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
Mortgages (As % of Total Clients) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
                                             
Market Value per Customer (Local Currency) PLN ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
Revenue per Customer (Local Currency) PLN ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
Net Profit per Customer (Local Currency) PLN ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
Loan per Customer (Local Currency) PLN ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
Deposit per Customer (Local Currency) PLN ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
Market Value per Customer USD ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
Revenue per Customer USD ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
Net Profit per Customer USD ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
Loan per Customer USD ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
Deposit per Customer USD ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  

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Santander Polska's total revenues remain unchanged yoy at PLN mil in 4Q2020

By Helgi Analytics - March 23, 2021

Santander Bank Polska generated total banking revenues of PLN 2,351 mil in 2019-03-31, up 5.69% compared to the previous year. Polish banking sector banking sector generated total revenues of PLN 17,491 mil in 2019-03-31, up 21.1% when compared to the...

Santander Bank Polska - Market Share in Bank Deposits

By Helgi Analytics - March 23, 2021

Santander Bank Polska's customer deposits reached PLN 111,481 mil in 2017-12-31, up 0.413% compared to the previous year. Polish banking sector accepted customer deposits of PLN 1,079 bil in 2017-12-31, up 4.48% when compared to the last year. Santander B...

Santander Polska's customer loans remain unchanged yoy at PLN mil in 4Q2020

By Helgi Analytics - March 23, 2021

Santander Bank Polska's customer loans reached PLN 107,840 mil in 2017-12-31, up 1.28% compared to the previous year. Polish banking sector provided customer loans of PLN 1,040 bil in 2017-12-31, down 0.252% when compared to the last year. Santander Bank ...

Santander Polska's retail loans remain unchanged yoy at PLN mil in 4Q2020

By Helgi Analytics - March 23, 2021

Santander Bank Polska's retail loans reached PLN 57,822 mil in the fourth quarter of 2017, up 0.531% compared to the previous year. Polish banking sector provided retail loans of PLN 668 bil in 4Q2017, down 0.192% when compared to the last year. Santander...

Santander Polska's net profit fell 44.9% yoy to PLN 431 mil in 4Q2020

By Helgi Analytics - March 23, 2021

Santander Bank Polska made a net profit of PLN 431 mil in the fourth quarter of 2020, down 44.9% when compared to the same period of last year. This implies a return on equity of 6.03%. Historically, the bank’s net profit reached an all time high of PLN 782 mil i...

Santander Polska's net profit fell 44.9% yoy to PLN 431 mil in 4Q2020

By Helgi Analytics - March 23, 2021

Santander Bank Polska made a net profit of PLN 431 mil under revenues of PLN 2,318 mil in the fourth quarter of 2020, down 44.9% and 7.21% respectively when compared to the same period last year. Historically, the bank’s net profit reached an all time high of ...

Santander Polska's costs (as % of assets) remain unchanged yoy at % in 4Q2020

By Helgi Analytics - March 23, 2021

Santander Bank Polska's cost to income ratio reached 43.2% in the third quarter of 2020, up from 37.6% when compared to the previous quarter. Historically, the bank’s costs reached an all time high of 143% of income in 4Q2013 and an all time low of 37.6% in ...

Santander Polska's corporate loans fell 2.12% yoy to PLN 56,910 mil in 4Q2020

By Helgi Analytics - March 23, 2021

Santander Bank Polska's loans reached PLN 148,326 mil in the fourth quarter of 2020, up from PLN 148,184 mil when compared to the previous quarter and down from PLN 148,647 mil when compared to the same period of last year. Historically, the bank’s ...

Santander Polska's consumer loans remain unchanged yoy at PLN mil in 4Q2020

By Helgi Analytics - March 23, 2021

Santander Bank Polska's consumer loans reached PLN 20,529 mil in 2017-12-31, up 2.37% compared to the previous year. Polish banking sector provided consumer loans of PLN 277 bil in 2017-12-31, up 1.05% when compared to the last year. Santander Bank Polska...

Santander Polska's npls (as % of loans) rose 13.1% yoy to 5.20% in 4Q2020

By Helgi Analytics - March 23, 2021

Santander Bank Polska's non-performing loans reached 5.20% of total loans at the end of 2020-12-31, up from 4.60% compared to the previous year. Historically, the NPL ratio hit an all time high of 49.6% in 2004-03-31 and an all time low of 2.88% in 2008-12-31. ...

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Santander Bank Polska is a Polish universal bank. It was formed in 2001 by the merger of Bank Zachodni and Wielkopolski Bank Kredytowy. In 2013, it further acquired KBC's Kredyt Bank to establish the third largest bank in Poland in terms of assets and the number of outlets. Santander Bank Polska has a network of over 600 branches and provides services to more than 3.8 mil customers. Apart from the traditional retail and corporate banking, it also offers such services as securities intermediation, leasing, factoring, asset and fund management, insurance, and shares trading. Since 2011, the Bank has been owned by the Spanish Santander Group.

Santander Bank Polska Logo

Finance

Santander Bank Polska has been growing its revenues and asset by 9.26% and 15.7% a year on average in the last 10 years. Its loans and deposits have grown by 15.8% and 15.1% a year during that time and loans to deposits ratio reached 82.8% at the end of 2020. The company achieved an average return on equity of 11.5% in the last decade with net profit growing 4.99% a year on average. In terms of operating efficiency, its cost to income ratio reached 41.5% in 2020, compared to 45.6% average in the last decade.

Equity represented 12.5% of total assets or 20.2% of loans at the end of 2020. Santander Bank Polska's non-performing loans were 5.20% of total loans while provisions covered some 82.1% of NPLs at the end of 2020.

Valuation

Santander Bank Polska stock traded at per share at the end of 2020 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 7.50% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of 12.0x and price to book value (PBV) of 0.662x in 2020.