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Santander Bank Polska

Santander Polska's net profit rose 353% yoy to PLN 947 mil in 4Q2022

By Helgi Analytics - March 9, 2023

Santander Bank Polska made a net profit of PLN 947 mil in the fourth quarter of 2022, up 353% when compared to the same period of...

Santander Polska's net profit rose 353% yoy to PLN 947 mil in 4Q2022

By Helgi Analytics - March 9, 2023

Santander Bank Polska made a net profit of PLN 947 mil under revenues of PLN 3,456 mil in the fourth quarter of 2022, up 353% and ...

Santander Polska's net interest margin rose 48.8% yoy to 4.34% in 4Q2022

By Helgi Analytics - March 9, 2023

Santander Bank Polska's net interest margin amounted to 4.34% in the fourth quarter of 2022, up from 2.57% when compared to the ...

Annual Quarterly
Profit Statement 2020 2021 2022
Net Interest Income PLN mil 5,911 5,961 9,653
Net Fee Income PLN mil 2,152 2,487 2,567
Other Income PLN mil 1,019 454 -37.0
Total Revenues PLN mil 9,082 8,902 12,183
Staff Cost PLN mil 1,744 1,694 1,816
Operating Profit PLN mil 5,313 5,056 7,570
Provisions PLN mil 1,763 2,556 2,633
Net Profit PLN mil 1,577 1,253 3,009
Balance Sheet 2020 2021 2022
Interbank Loans PLN mil 3,220 2,690 9,577
Customer Loans PLN mil 141,999 146,391 152,509
Investments PLN mil 69,966 71,866 55,371
Total Assets PLN mil 229,311 243,017 259,167
Shareholders' Equity PLN mil 28,658 27,214 30,115
Interbank Borrowing PLN mil 6,027 4,910 6,356
Customer Deposits PLN mil 171,522 185,373 196,497
Issued Debt Securities PLN mil 14,621 15,555 12,138
Ratios 2020 2021 2022
ROE % 5.67 4.49 10.5
ROA % 0.719 0.531 1.20
Costs (As % Of Assets) % 1.72 1.63 1.84
Costs (As % Of Income) % 41.5 43.2 37.9
Capital Adequacy Ratio % 20.0 19.1 19.3
Net Interest Margin % 2.69 2.52 3.84
Loans (As % Of Deposits) % 82.8 79.0 77.6
NPLs (As % Of Loans) % 5.20 4.52 4.37
Provisions (As % Of NPLs) % 82.1 85.1 85.0
Valuation 2020 2021 2022
Market Capitalisation USD mil 5,079 8,772 5,352
Number Of Shares mil 102 102 102
Share Price PLN 186 349 259
Price/Earnings (P/E) 12.0 28.4 8.81
Price/Book Value (P/BV) 0.662 1.31 0.880
Dividend Yield % 0 0.620 1.03
Earnings Per Share (EPS) PLN 15.4 12.3 29.4
Book Value Per Share PLN 280 266 295
Dividend Per Share PLN 0 2.16 2.68

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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 2021 2022
income statement                                              
Net Interest Income PLN mil                                 4,867 5,354 5,843 6,679 5,911    
Total Revenues PLN mil                                 8,079 8,249 8,650 9,846 9,082    
Operating Profit PLN mil                                 4,421 4,885 5,020 5,740 5,313    
Net Profit PLN mil                                 1,931 2,197 2,043 2,320 1,577    
balance sheet                                              
Interbank Loans PLN mil                                 3,513 2,136 12,126 5,568 3,220    
Customer Loans PLN mil                                 103,069 107,840 137,460 143,403 141,999    
Investments PLN mil       ... ... ... ... ... ...               32,489 31,832 39,031 43,387 69,966    
Total Assets PLN mil                                 150,100 152,674 206,656 209,476 229,311    
                                                 
Shareholders' Equity PLN mil                                 21,019 23,344 26,595 26,980 28,658    
Interbank Borrowing PLN mil                                 4,274 5,434 12,730 6,023 6,027    
Customer Deposits PLN mil                                 112,522 111,481 149,617 156,480 171,522    
Issued Debt Securities PLN mil                                 5,970 7,384 12,013 14,006 14,621    
ratios                                              
ROE % ...                               9.29 9.91 8.18 8.66 5.67    
ROA % ...                               1.33 1.45 1.14 1.11 0.719    
Costs (As % Of Assets) % ...                               2.52 2.22 2.02 1.97 1.72    
Costs (As % Of Income) %                                 45.3 40.8 42.0 41.7 41.5    
Capital Adequacy Ratio %                                 15.1 16.7 16.0 17.1 20.0    
Net Interest Margin % ...                               3.36 3.54 3.25 3.21 2.69    
Interest Income (As % Of Revenues) %                                 60.2 64.9 67.5 67.8 65.1    
Fee Income (As % Of Revenues) %                                 23.7 24.4 23.8 21.6 23.7    
Staff Cost (As % Of Total Cost) %       ... ...   ...                   41.3 46.5 46.0 45.5 46.3    
Equity (As % Of Assets) %                                 14.0 15.3 12.9 12.9 12.5    
Loans (As % Of Deposits) %                                 91.6 96.7 91.9 91.6 82.8    
Loans (As % Assets) %                                 68.7 70.6 66.5 68.5 61.9    
NPLs (As % Of Loans) %       ... ... ... ... ...                 4.99 5.77 4.02 4.60 5.20    
Provisions (As % Of NPLs) %       ... ... ... ... ...                 90.6 74.5 76.9 76.7 82.1    
valuation                                              
Market Capitalisation USD mil ...                               7,508 11,333 9,763 8,279 5,079    
Number Of Shares mil     ...                           99.4 99.5 99.9 102 102    
Share Price PLN ...                               316 396 358 307 186    
Earnings Per Share (EPS) PLN     ...                           19.4 22.1 20.5 22.7 15.4    
Book Value Per Share PLN     ...                           211 235 266 264 280    
Dividend Per Share PLN ...     ... ...       ...               5.40 3.10 19.7 19.7 0    
Price/Earnings (P/E) ...   ...                           16.3 17.9 17.5 13.5 12.0    
Price/Book Value (P/BV) ...   ...                           1.49 1.69 1.35 1.16 0.662    
Dividend Yield % ...     ... ...       ...               1.71 0.782 5.51 6.42 0    
Earnings Per Share Growth % ...   ... ...                         -7.90 13.7 -7.42 11.0 -32.0    
Book Value Per Share Growth % ...   ... ...                         2.20 11.0 13.4 -0.840 6.21    
income statement Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
income statement                                              
Interest Income PLN mil                                 6,158 6,606 7,314 8,561 6,920    
Interest Cost PLN mil                                 1,291 1,252 1,471 1,882 1,009    
Net Interest Income PLN mil                                 4,867 5,354 5,843 6,679 5,911    
Net Fee Income PLN mil                                 1,915 2,013 2,058 2,128 2,152    
Fee Income PLN mil                                 2,388 2,527 2,527 2,648 2,639    
Fee Expense PLN mil                                 474 514 469 520 487    
Other Income PLN mil                                 1,297 883 750 1,038 1,019    
Total Revenues PLN mil                                 8,079 8,249 8,650 9,846 9,082    
Staff Cost PLN mil       ... ...   ...                   1,510 1,563 1,670 1,870 1,744    
Depreciation PLN mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Other Cost PLN mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Operating Cost PLN mil                                 3,658 3,364 3,631 4,106 3,769    
Operating Profit PLN mil                                 4,421 4,885 5,020 5,740 5,313    
Provisions PLN mil                                 785 690 1,085 1,219 1,763    
Extra and Other Cost PLN mil                                 806 879 906 1,052 1,002    
Pre-Tax Profit PLN mil                                 2,831 3,316 3,029 3,468 2,548    
Tax PLN mil                                 683 813 652 843 770    
Minorities PLN mil                                 217 305 334 306 200    
Net Profit PLN mil                                 1,931 2,197 2,043 2,320 1,577    
Net Profit Avail. to Common PLN mil                                 1,931 2,197 2,043 2,320 1,577    
Dividends PLN mil ...     ... ...       ...               536 308 2,013 2,013 0    
growth rates                                              
Net Interest Income Growth % ...                               10.3 10.0 9.13 14.3 -11.5    
Net Fee Income Growth % ...                               -1.21 5.14 2.22 3.42 1.12    
Total Revenue Growth % ...                               8.98 2.11 4.86 13.8 -7.76    
Operating Cost Growth % ...                               10.3 -8.04 7.92 13.1 -8.22    
Operating Profit Growth % ...                               7.91 10.5 2.74 14.3 -7.43    
Pre-Tax Profit Growth % ...                               -2.19 17.1 -8.66 14.5 -26.5    
Net Profit Growth % ...                               -7.92 13.8 -7.03 13.6 -32.0    
market share                                              
Market Share in Revenues %                                 13.7 13.3 13.4 14.0 14.7   ...
Market Share in Net Profit %                                 13.9 16.1 15.6 16.8 -468    
Market Share in Employees %     ... ...     ... ...                 8.72 8.64 9.44 8.70 6.98   ...
Market Share in Bank Cards % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 12.5 12.5 12.9 12.8 ... ... ...
Market Share in Debit Cards % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 11.0 10.8 11.3 11.3 ... ... ...
Market Share in Credit Cards % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 20.4 22.4 22.1 22.5 ... ... ...
Market Share in Branches % ... ... ... ... ... ... ... ... ... ... ...           6.02 5.30 6.04 5.42 5.39 ... ...
balance sheet Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
balance sheet                                              
Cash & Cash Equivalents PLN mil                                 4,776 4,146 8,908 7,973 5,489    
Interbank Loans PLN mil                                 3,513 2,136 12,126 5,568 3,220    
Customer Loans PLN mil                                 103,069 107,840 137,460 143,403 141,999    
Retail Loans PLN mil ... ... ... ... ...                       56,291 57,822 74,696 80,896 81,388    
Mortgage Loans PLN mil ... ... ... ... ... ... ... ... ...               37,008 37,293 49,211 51,209 52,758    
Consumer Loans PLN mil ... ... ... ... ... ... ... ... ...               19,283 20,529 25,485 29,686 28,630    
Corporate Loans PLN mil ... ... ... ... ...                       45,180 47,777 58,603 58,143 56,910    
Investments PLN mil       ... ... ... ... ... ...               32,489 31,832 39,031 43,387 69,966    
Property and Equipment PLN mil                                 878 931 986 1,713 1,514    
Intangible Assets PLN mil                                 2,175 2,202 2,531 2,484 2,420    
Goodwill PLN mil ... ... ... ... ... ... ... ...                 1,689 1,712 1,712 1,712 1,712    
Total Assets PLN mil                                 150,100 152,674 206,656 209,476 229,311    
                                                 
Shareholders' Equity PLN mil                                 21,019 23,344 26,595 26,980 28,658    
Of Which Minority Interest PLN mil                                 1,238 1,436 1,564 1,548 1,663    
Liabilities PLN mil                                 129,081 129,331 180,062 182,497 200,653    
Interbank Borrowing PLN mil                                 4,274 5,434 12,730 6,023 6,027    
Customer Deposits PLN mil                                 112,522 111,481 149,617 156,480 171,522    
Retail Deposits PLN mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 64,988 88,211 91,716 98,213    
Corporate Deposits PLN mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 42,170 57,494 60,281 67,954    
Sight Deposits PLN mil             ...                   59,863 65,663 85,201 97,307 141,381    
Term Deposits PLN mil       ... ...   ...                   47,825 41,484 58,696 54,391 26,118    
Issued Debt Securities PLN mil                                 5,970 7,384 12,013 14,006 14,621    
Subordinated Debt PLN mil ... ... ... ... ... ... ... ... ...               440 1,489 2,644 2,630 2,755    
Other Liabilities PLN mil                                 6,315 5,031 5,703 5,987 8,483    
asset quality                                              
Non-Performing Loans PLN mil       ... ... ... ... ...                 5,385 6,508 5,704 6,834 7,711    
Gross Loans PLN mil                                 107,947 112,686 141,845 148,647 148,326    
Risk-Weighted Assets PLN mil ... ... ... ... ... ... ... ... ... ... ...           110,208 119,003 142,928 143,181 135,220    
Total Provisions PLN mil       ... ...   ... ...                 4,879 4,846 4,384 5,244 6,327    
growth rates                                              
Customer Loan Growth % ...                               8.59 4.63 27.5 4.32 -0.979    
Retail Loan Growth % ... ... ... ... ... ...                     8.36 2.72 29.2 8.30 0.609    
Mortgage Loan Growth % ... ... ... ... ... ... ... ... ... ...             9.75 0.770 32.0 4.06 3.02    
Consumer Loan Growth % ... ... ... ... ... ... ... ... ... ...             5.78 6.46 24.1 16.5 -3.56    
Corporate Loan Growth % ... ... ... ... ... ...                     4.32 5.75 22.7 -0.786 -2.12    
Total Asset Growth % ...                               7.44 1.72 35.4 1.36 9.47    
Shareholders' Equity Growth % ...                               2.19 11.1 13.9 1.45 6.22    
Customer Deposit Growth % ...                               11.1 -0.925 34.2 4.59 9.61    
Retail Deposit Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 35.7 3.97 7.08    
Corporate Deposit Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 36.3 4.85 12.7    
market share                                              
Market Share in Customer Loans %                                 8.82 8.91 10.3 10.3 10.1    
Market Share in Corporate Loans % ... ... ... ... ...                       13.1 13.1 15.7 15.2 15.5    
Market Share in Retail Loans % ... ... ... ... ...                       8.58 8.66 10.6 10.9 10.7    
Market Share in Consumer Loans % ... ... ... ... ...                       7.41 7.39 7.25 8.02 7.54    
Market Share in Mortgage Loans % ... ... ... ... ... ... ... ... ...               9.33 9.54 12.9 12.7 12.4    
Market Share in Total Assets %                                 8.99 8.82 11.0 10.5 9.81    
Market Share in Customer Deposits %                                 9.33 8.83 11.0 10.6 10.2    
Market Share in Retail Deposits % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 9.37 11.6 11.0 10.9    
Market Share in Corporate Deposits % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 11.4 14.8 14.0 12.9    
ratios Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
                                               
ROE % ...                               9.29 9.91 8.18 8.66 5.67    
ROTE % ...                               10.4 11.0 9.04 9.55 6.22    
ROE (@ 15% of RWA) % ... ... ... ... ... ... ... ... ... ... ... ...         11.7 12.8 10.4 10.8 7.55    
ROA % ...                               1.33 1.45 1.14 1.11 0.719    
Return on Loans % ...                               1.95 2.08 1.67 1.65 1.11    
Operating Profit (As % of RWA) % ... ... ... ... ... ... ... ... ... ... ... ...         4.03 4.26 3.83 4.01 3.82    
Costs (As % Of Assets) % ...                               2.52 2.22 2.02 1.97 1.72    
Costs (As % Of Income) %                                 45.3 40.8 42.0 41.7 41.5    
Costs (As % Of Loans) % ...                               3.70 3.19 2.96 2.92 2.64    
Costs (As % Of Loans & Deposits) % ...                               1.78 1.55 1.43 1.40 1.23    
Capital Adequacy Ratio %                                 15.1 16.7 16.0 17.1 20.0    
Tier 1 Ratio % ... ... ... ... ... ... ... ... ... ... ... ... ...       14.6 15.3 14.1 15.2 18.0    
Net Interest Margin % ...                               3.36 3.54 3.25 3.21 2.69    
Interest Spread % ...                               3.21 3.39 3.12 3.08 2.63    
Asset Yield % ...                               4.25 4.36 4.07 4.11 3.15    
Revenues (As % of RWA) % ... ... ... ... ... ... ... ... ... ... ... ...         7.36 7.20 6.60 6.88 6.52    
Cost Of Liabilities % ...                               1.04 0.969 0.951 1.04 0.526    
Payout Ratio % ...     ... ...       ...               27.8 14.0 98.5 86.8 0    
Interest Income (As % Of Revenues) %                                 60.2 64.9 67.5 67.8 65.1    
Fee Income (As % Of Revenues) %                                 23.7 24.4 23.8 21.6 23.7    
Other Income (As % Of Revenues) %                                 16.1 10.7 8.67 10.5 11.2    
Staff Cost (As % Of Total Cost) %       ... ...   ...                   41.3 46.5 46.0 45.5 46.3    
Equity (As % Of Assets) %                                 14.0 15.3 12.9 12.9 12.5    
Equity (As % Of Loans) %                                 20.4 21.6 19.3 18.8 20.2    
Loans (As % Of Deposits) %                                 91.6 96.7 91.9 91.6 82.8    
Loans (As % Assets) %                                 68.7 70.6 66.5 68.5 61.9    
NPLs (As % Of Loans) %       ... ... ... ... ...                 4.99 5.77 4.02 4.60 5.20    
Provisions (As % Of NPLs) %       ... ... ... ... ...                 90.6 74.5 76.9 76.7 82.1    
Provisions (As % Of Loans) %       ... ...   ... ...                 4.73 4.49 3.19 3.66 4.46    
Cost of Provisions (As % Of Loans) % ...                               0.793 0.655 0.885 0.868 1.24    
other data Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
                                               
Branches ... ... ... ... ... ... ... ... ... ... ...           821 735 764 665 562    
ATMs ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 1,762 1,700 ...    
ATMs (As % of Bank Branches) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 231 256 ...    
Employees     ... ...     ... ...                 14,722 14,200 15,347 13,642 10,400    
Employees Per Bank Branch ... ... ... ... ... ... ... ... ... ... ...           17.9 19.3 20.1 20.5 18.5    
Cost Per Employee USD per month     ... ... ...   ... ...                 2,116 2,394 2,505 3,023 3,584    
Cost Per Employee (Local Currency) PLN per month     ... ... ...   ... ...                 8,549 9,170 9,070 11,422 13,975    
customer breakdown Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
                                               
Customers mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 3.20 3.40 4.00 4.40 5.40    
Number of Primary Customers mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 2.00 2.10 2.30 2.50 2.90 ... ...
Payment Cards mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 4.60 4.90 5.30 5.50 5.50    
Debit Cards mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 3.40 3.60 4.00 4.20 4.30    
Credit Cards mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 1.20 1.30 1.30 1.30 1.20    
Number of Mortgages mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 0.231 0.226 0.289 0.293 0.293 ... ...
Average Size of Mortgage Loan PLN ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 160,000 165,000 170,000 175,000 180,000 ... ...
Primary (As % of Total Clients) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 62.5 61.8 57.5 56.8 53.7 ... ...
Mortgages (As % of Total Clients) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 7.23 6.65 7.24 6.65 5.43 ... ...
Payments Cards (As % of Total Clients) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 144 144 133 125 102    
Debit Cards (As % of Total Clients) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 106 106 100 95.5 79.6    
Credit Cards (As % of Total Clients) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 37.5 38.2 32.5 29.5 22.2    
                                                 
Market Value per Customer (Local Currency) PLN ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 9,805 11,604 9,177 7,146 3,535    
Revenue per Customer (Local Currency) PLN ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 2,525 2,426 2,163 2,238 1,682    
Net Profit per Customer (Local Currency) PLN ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 603 646 511 527 292    
Loan per Customer (Local Currency) PLN ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 32,209 31,718 34,365 32,592 26,296    
Deposit per Customer (Local Currency) PLN ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 35,163 32,789 37,404 35,564 31,763    
Market Value per Customer USD ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 2,346 3,333 2,441 1,882 941    
Revenue per Customer USD ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 625 633 597 592 431    
Net Profit per Customer USD ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 149 169 141 140 74.9    
Loan per Customer USD ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 7,707 9,111 9,140 8,582 6,997    
Deposit per Customer USD ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 8,414 9,418 9,949 9,365 8,451    

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Santander Polska's mortgage loans rose 2.78% yoy to PLN 54,682 mil in 3Q2022

By Helgi Analytics - March 9, 2023

Santander Bank Polska's mortgage loans reached PLN 54,682 mil in 2022-09-30, down 1.21% compared to the previous year. Polish banking sector provided mortgage loans of PLN 483 bil in 2022-09-30, down 2.34% when compared to the last year. Santander Bank Po...

Santander Polska's customer deposits rose 6.87% yoy to PLN 189,501 mil in 3Q2022

By Helgi Analytics - March 9, 2023

Santander Bank Polska's customer deposits reached PLN 189,501 mil in 2022-09-30, up 3.25% compared to the previous year. Polish banking sector accepted customer deposits of PLN 1,947 bil in 2022-09-30, up 2.40% when compared to the last year. Santander Ba...

Santander Polska's customer loans rose 6.56% yoy to PLN 153,539 mil in 3Q2022

By Helgi Analytics - March 9, 2023

Santander Bank Polska's customer loans reached PLN 153,539 mil in 2022-09-30, up 0.592% compared to the previous year. Polish banking sector provided customer loans of PLN 1,608 bil in 2022-09-30, up 2.03% when compared to the last year. Santander Bank Po...

Santander Polska's capital adequacy ratio rose 1.15% yoy to 19.3% in 4Q2022

By Helgi Analytics - March 9, 2023

Santander Bank Polska's capital adequacy ratio reached 19.3% at the end of fourth quarter of 2022, up from 18.9% when compared to the previous quarter. Historically, the bank’s capital ratio hit an all time high of 21.2% in 2Q2021 and an all time low of 12.8% in 1Q...

Santander Polska's retail deposits rose 2.48% yoy to PLN 104,602 mil in 3Q2022

By Helgi Analytics - March 9, 2023

Santander Bank Polska's retail deposits reached PLN 104,602 mil in 2022-09-30, down 0.432% compared to the previous year. Polish banking sector accepted retail deposits of PLN 973 bil in 2022-09-30, up 2.72% when compared to the last year. Santander Bank ...

Santander Polska's branches fell 11.9% yoy to 385 in 4Q2022

By Helgi Analytics - March 9, 2023

Santander Bank Polska employed 11,309 persons in 2022-12-31, down 0.141% compared to the previous year. Historically, the bank's workforce hit an all time high of 15,347 persons in 2018-12-31 and an all time low of 11,309 in 2022-12-31. The bank operated a net...

Santander Polska's retail loans rose 1.14% yoy to PLN 82,781 mil in 3Q2022

By Helgi Analytics - March 9, 2023

Santander Bank Polska's retail loans reached PLN 82,781 mil in the third quarter of 2022, down 0.643% compared to the previous year. Polish banking sector provided retail loans of PLN 766 bil in 3Q2022, down 1.71% when compared to the last year. Santander...

Santander Polska's payment cards rose 1.87% yoy to 5.56 mil in 3Q2022

By Helgi Analytics - March 9, 2023

Santander Bank Polska has issued total of 5.56 mil payment cards at the end of 2022-09-30, up 0.488% compared to the previous year. Polish banking sector banking sector issued total of 44.2 mil of bank cards in 2022-09-30, up 0.601% when compared to th...

Santander Polska's net interest income rose 63.6% yoy to PLN 2,833 mil in 4Q2022

By Helgi Analytics - March 9, 2023

Santander Bank Polska generated total banking revenues of PLN 3,456 mil in the fourth quarter of 2022, up 42.1% when compared to the same period of last year and 50.7% when compared to the previous quarter. Historically, the bank’s revenues containing of inte...

Santander Polska's costs (as % of assets) fell 17.1% yoy to 1.36% in 4Q2022

By Helgi Analytics - March 9, 2023

Santander Bank Polska's cost to income ratio reached 25.6% in the fourth quarter of 2022, down from 47.3% 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 25.6% ...

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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 10.9% and 15.8% a year on average in the last 10 years. Its loans and deposits have grown by 14.4% and 15.4% a year during that time and loans to deposits ratio reached 77.6% at the end of 2022. The company achieved an average return on equity of 9.57% in the last decade with net profit growing 7.72% a year on average. In terms of operating efficiency, its cost to income ratio reached 37.9% in 2022, compared to 44.8% average in the last decade.

Equity represented 11.6% of total assets or -122,394% of loans at the end of 2022. Santander Bank Polska's non-performing loans were 4.37% of total loans while provisions covered some 85.0% of NPLs at the end of 2022.

Valuation

Santander Bank Polska 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 6.88% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of 8.81x and price to book value (PBV) of 0.880x in 2022.

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