Slides
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Bank Handlowy w Warszawie S.A. 2Q’25 earnings conference August 28th, 2025
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2 Bank for Global Business | 2Q 2025 Key events Agreement on the exit from Consumer Banking Updated strategic directions – ’Bank for Global Business’ Demerger plan development Transfer of Consumer Banking operations to the buyer – planned for HY 2026 (subject to regulatory approvals) • Growing dynamics of lending growth among institutional banking clients by 7% QoQ and 19% YoY • Payout of the second highest dividend in the history from the 2024 profit – PLN 1.3 B (8.3% dividend yield) • KNF approval for the payment of 2019 profit in 2025, additional PLN 449 million will be paid to shareholders Exit from Consumer Banking Bank for Global Business Strategy implementation Institutional Banking as a solid foundation for growthNew strategy
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3 Segments of growth | Repositioning of Citi Handlowy First time use of IFRS 5: ’Non-current Assets Held for Sale and Discontinued Operations’: • Classification of Consumer Banking as discontinued operations • The remaining part will be presented as continued operations and will include Institutional Banking IFRS 5 Financial markets Transaction and Custody activities Relationship Banking Full types of financing and Investment Banking Liquidity management, payments, trade finance, working capital and custody Client activity (FX and brokerage) and interbank (debt financial instruments, derivatives) 1. 2. 3. Areas of activity in Institutional Banking
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4 2Q’25 | Financial results summary Q2’25 Financial results Revenue PLN 1,108 MM Net profit PLN 166 MM ROE 17.9% Balance sheet dynamics YoY Loans *) 14% Deposits +19% Capital ratio TLAC TREA 27.1% Net profit increase excluding one-off events *) Excludingi reverse – repo transactions Net profit excluding the transaction loss amounted to PLN 546 MM (+26% QoQ) Faster lending growth than the banking sector average Loan volumes increased by 7% QoQ in Institutional Banking Revenue increase in Institutional Banking Revenue growth of 7% QoQ due to strong performance in Financial Markets The highest result in history on Custody activities Reaffirmation of market leader position in Poland, with a market share of over 40% Increase in the number of CPC clients The third consecutive quarter of increase in retail deposits, which contributed to the increase in the number of CPC clients by 5% QoQ
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5 Institutional Banking | Business volumes 4 709 5 363 4 804 5 582 5 496 9 832 9 612 10 222 10 571 11 845 14 541 14 975 15 026 16 153 17 341 06.2024 09.2024 12.2024 03.2025 06.2025 Loan volumes (PLN MM) Non-financial sector Financial sector +7% Banking sector +2% +19% Banking sector +6% Deposit volumes (PLN MM) 29 175 28 868 29 360 33 419 37 164 3 959 4 363 3 998 4 107 4 984 33 134 33 231 33 358 37 526 42 148 06.2024 09.2024 12.2024 03.2025 06.2025 +27% Banking sector +20% +12% Banking sector +6% Non-financial sector Financial sector Corporate Clients Global Clients Commercial Banking QoQ +7% +1% +10% +20% +11% +43% YoY Dynamics of clients’ assets 1. Corporate Clients Global Clients Commercial Banking QoQ +5% +7% +39% +6% +4% +110% YoY Dynamics of liabilities to clients 1. 2. 3. Public Sector +12% +66% 4. Financial markets (Q2 25) ↑7% YoY – FX transaction volumes ↑63% YoY – value of transactions concluded through a brokerage house Transactional activity (Q2 25) ↑7% YoY – number of cross-border money transfers ↑47% YoY – value of trade finance assets Custody (Q2 25) ↑3.4 pp. – market share Relationship banking (H1 25) ↑36% YoY – new financing granted, increase in current financing volume Segments | Key growth drivers 2. 3. 1. 2. 4. 3.
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Institutional Banking | Key transactions PLN 1.2 B FX A digital currency solution that will automate company's exchange rate management 6 PLN 1.8 B Accelerated equity offering (AEO) DMBH acted as Global Co-Coordinator and Co-Bookrunner Accelerated equity offering (AEO) PLN 1 B Syndicated loan Citi Handlowy was chosen as the sole partner supporting the company's liquidity Company from the IT sector
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7 Consumer Banking | Business volumes 3 735 3 753 3 691 3 650 3 727 2 345 2 362 2 347 2 351 2 388 6 080 6 115 6 038 6 001 6 115 06.2024 09.2024 12.2024 03.2025 06.2025 11 141 11 239 11 385 11 230 11 649 8 212 8 109 8 694 9 015 8 895 19 353 19 348 20 080 20 245 20 544 06.2024 09.2024 12.2024 03.2025 06.2025 Unsecured loans Mortgage loans +2% +2% Time deposits QoQ dynamics (1%) Current account balance +4% +2% 0% YoY dynamics +8% +5% Loan volumes (PLN MM) Deposit volumes (PLN MM) Banking sector +4% +1% +2% Banking sector +2% Banking sector +10% +6% +1% Banking sector +2% QoQ dynamics YoY dynamics FX volumes ↑1% YoY – FX volumes increase ↑2% YoY - number of transactions in CitiKantor Private Banking ↑12% YoY – average Total Relationship Balance ↑10% YoY – number of Citigold Private Clients Cards ↓1% YoY - card transaction value (domestic) ↓7% YoY - card transaction value (crossborder) Q2 2025 – key growth drivers
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20 years of Global Community Day 8 2 294 volunteers • For 20 years Citi employees in Poland have participated in charitable activities • It's a global movement that brings together our employees, alumni, families, and friends in volunteer activities in over 90 countries • In Poland we cooperate with social partners – beneficiaries of Citi Foundation programs: Food Bank in Olsztyn, Polish Center for International Aid, Network of Entrepreneurial Women and Think! Foundation, United Nations Environment Programme, Polish Paralympic Committee. • We do competence-based volunteering, support disadvantaged groups, and work for the environment. 13 059 hours 20 000 beneficiaries 2025:
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Consolidated financial results 9
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10 Net profit | IFRS5 implementation • Due to the conclusion of the agreement on the separation of the retail operations, the classification criteria required by IFRS 5 ("Non-current assets held for sale and discontinued operations") were met. • As a result, the assets and liabilities of the Consumer Banking segment were classified as operations held for sale (separation of discontinued operations in the disclosed financial results) • The key type of activity of the Bank is Institutional Banking, which is defined as continuing operations 394 546 (276) 48 166 381 Reported net profit for Q2 2024 Institutional Banking Consumer Banking incl. loss on transaction Reported net profit for Q2 2025 Loss on Consumer Banking sale transaction Net profit for Q2 2025 excl. loss on transaction +10% YoY The Bank's net profit divided into Institutional and Consumer Banking +39% YoY
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11 Total Revenue Total Revenue (PLN MM) Institutional Banking Segment Revenues (%) – management view Institutional Banking 776 807 780 833 Q1 2024 Q2 2024 Q1 2025 Q2 2025 +3% +7% Higher interest income due to high customer activity in the credit and capital markets and a strong result from treasury operations in favorable market conditions 5% 6% 6% 50% 54% 51% 45% 40% 43% Q2 2024 Q1 2025 Q2 2025 Revenue growth in all segments of Institutional Banking Financial markets Transaction Banking and Custody Relationship Banking Financial markets and others : client activity (FX and capital markets) and interbank (debt financial instruments, derivatives) Transaction Banking and Custody: liquidity management, payments, trade finance and working capital, and custody Relationship Banking (Services): credit and investment activities In Q2 2025, total revenues amounted to PLN 276 million, a decrease by 7% YoY due to lower interest income as a result of the begenning of the interest rate cuts cycle and a decline in net fee & commission income, mainly in the credit card area. Total Revenue (PLN MM) Consumer Banking
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12 Net interest income Net interest income (PLN MM) Institutional Banking Net interest margin Bank 544 558 547 530 Q1 2024 Q2 2024 Q1 2025 Q2 2025 The decline in net interest income is a consequence of the beginning of the interest rate cuts cycle in Poland. NBP reference rate: 5,75% 5,25% Loans/Deposits ratio41% 44% 43% 41% 4,78% 4,85% 4,69% 4,60% 4,24% 3,41% 3,56% 3,52% 3,41% 3,22% Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Bank Banking sector * Net Interest margin = quarterly net interest income x 4 / average working assets balance for last 4 consecutive quarters Net interest margin* – Bank vs. Banking Sector (5%) (3%) 5,75% 5,75% 5,75% In Q2 2025, net interest income amounted to PLN 232 million, down by 6% YoY due to lower interest income as a result of the begenning of the interest rate cuts cycle. Net interest income (PLN MM) Consumer Banking Dynamics of interest income from non-financial customers +22% QoQ +24% YoY
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13 Net fee and commission income 100 104 111 107 Q1 2024 Q2 2024 Q1 2025 Q2 2025 +3% (4%) Net fee & commission income (PLN MM) Institutional Banking Record high net fee & commission income from custody activities. Brokerage revenues decline due to a one-off transaction in Q1 2025 Net fee & commission income by type (%) Institutional Banking In Q2 2025, the net fee and commission income amounted to PLN 40 million, a decrease by 9% YoY due to lower revenues from cards, mainly in the area of installment loans, partially offset by higher revenues from investment products 52% 26% 14% 8% Transaction Banking (9)% QoQ (9%) YoY Custody +24 QoQ +26% YoY Loans (20%) QoQ +5% YoY Brokerage (8%) QoQ (1%) YoY Net fee and commission income (PLN MM) Consumer Banking
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14 Treasury | Institutional Banking (6) 21 40 105 127 136 0 82 92 628 657 659 699 750 813 781 897 Q1 2024 Q2 2024 Q1 2025 Q2 2025 +10% +15% Net interest income* Trading result AFS result * Sum of net interest income on debt securities, amounts due from banks and derivatives in hedge accounting Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Income on FX – client activity (Institutional Banking) 180 199 (65) (15) 36 06.2024 09.2024 12.2024 03.2025 06.2025 Revaluation reserve (PLN MM) 32% 34% 32% 35% 32% 61% 42% 48% 46% 45% 6% 24% 20% 19% 23% 100% 100% 100% 100% 100% 06.2024 09.2024 12.2024 03.2025 06.2025 Debt investment financial assets and Assets held for trading Operations with Central Bank and Amounts due from banks Other 68%67% Treasury result (PLN MM) Balance sheet structure (%) Decrease of share of debt securities portfolio as a result of client receivables growth. (0,9%) +8% (8%) 0%
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15 Expenses 25% Operating expenses (PLN MM) Institutional Banking 1H 2025 Expenses by type (PLN MM) Institutional Banking Expenses slightly higher due to one-off adjustments in the previous year – excluding this adjustment, expenses growth is below inflation. +1% 21% 24% 20% In Q2 2025, operating costs amounted to PLN 223 million, an increase by 23% YoY due to higher legal and advisory costs (related to the transaction) and regulatory expenses (contributions to the Bank Guarantee Fund). 445 449 (8) (2)9 1 4 1H 2024 operating expenses Staff expenses IT expenses, external services and other Marketing, advertisment Regulatory expenses Depreciation 1H 2025 operating expenses Operating expenses (PLN MM) Consumer Banking 109 104 117 106 66 57 63 53 12 12 11 12 84 88 Q1 2024 Q2 2024 Q1 2025 Q2 2025 (2%) (39%) Cost / Income (quarterly approach) 188 25% 272 173 Administrative expenses Expenses excl. Regulatory expenses (16%) QoQ (7%) YoY Staff expenses (9%) QoQ 1% YoY Depreciation 21% Regulatory expenses 279 24% 171 20% 173 191 171
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16 Costs of Risk 3 11 8 1 Q1 2024 Q2 2024 Q1 2025 Q2 2025 *Increase of provisions presented with the sign (+), decrease with the sign (-) Coverage ratio for Institutional Banking Share of stage 3 in loan portfolio (amounts due from non-financial sector – Insitutional Banking) Cost of Risk Institutional Banking Coverage ratio and NPL Banking sector* Citi Handlowy High quality of the loan portfolio reflected in better than market coverage and NPL ratios. 4,0% 4,1% 3,7% 3,1% 2,5% 2,6% 2,7% 2,4% 2,4% 6,2% 6,3% 6,1% 5,9% 6,1% 6,9% 6,9% 6,9% 6,7% Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 55% 56% 55% 53% 52% 50% 49% 49% 49% 74% 75% 69% 66% 64% 63% 59% 63% 57% Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 *Based on NBP data as for May 2025 * Based on NBP data as for May 2025 (PLN MM) Banking sector* Citi Handlowy In Q2 2025, costs of risk amounted to PLN 1 million (positive result of write-offs) mainly due to the sold portfolio of receivables from stage 3 – impact on the profit and loss account in the amount of PLN 10.0 million. Costs of Risk (PLN MM) Consumer Banking
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17 Summary of the Capital Group financial results 2Q25 1Q25 QoQ 2Q24 YoY 1H 2025 1H 2024 YoY Net interest income 762 790 (3%) 805 (5%) 1 552 1 603 (3%) Net fee and commission income 147 151 (3%) 148 (1%) 298 292 2% Core revenue 909 940 (3%) 953 (5%) 1 849 1 895 (2%) Treasury 210 128 64% 166 26% 339 303 12% Other (11) (2) 503% (16) (32%) (13) (15) (14%) Total revenue 1 108 1 067 4% 1 103 1% 2 175 2 184 0% Expenses (393) (476) (17%) (355) 11% (869) (825) 5% Operating margin 715 591 21% 748 (4%) 1306 1358 (4%) Net impaitment losses 0 2 (90%) 9 (97%) 3 19 (86%) Impairment of non-financial assets 0 0 - (180) (100%) 0 (180) (100%) Revaluation of assets held-for-sale (470) 0 - 0 - (470) 0 - Bank levy (51) (40) 26% (48) 5% (91) (94) (3%) Profit before tax 194 554 (65%) 528 (63%) 748 1105 (32%) - Corporate income tax (28) (119) (77%) (134) (79%) (147) (257) (43%) Net profit 166 435 (62%) 394 (58%) 601 848 (29%) ROE 17,9% 20,8% (2,9 pp.) 22,8% (4,9 pp.) ROA 2,0% 2,4% (0,4 pp.) 2,6% (0,1 pp.) Revaluation reserve 36 (15) (343%) 180 (80%) 36 180 (80%) Assets 84 297 77 162 9% 73 074 15% 84 297 73 074 15% Net loans 23 455 22 155 6% 20 620 14% 23 455 20 620 14% Deposits 62 692 57 772 9% 52 487 19% 62 692 52 487 19% TLAC TREA 27,1% 26,5% 23,6%
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Appendix 18
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19 Citi Handlowy – change in share price Change in Bank’s share price vs. WIG-Banks index BHW’s share valuation vs. other banks* 0 100 000 200 000 300 000 400 000 500 000 600 000 0,00 20,00 40,00 60,00 80,00 100,00 120,00 140,00 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 P/E 4 6 8 10 12 14 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 Jan-25Feb-25 Mar-25 Apr-25 May- 25 Jun-25 P/BV 0,80 0,90 1,00 1,10 1,20 1,30 1,40 1,50 1,60 1,70 1,80 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 Jan-25Feb-25 Mar-25 Apr-25 May- 25 Jun-25 WIG-Banks Citi Handlowy volumes Change in share price performance (1 year perspective): Citi Handlowy +24% WIG-Banks +34% PLN 85,63 PLN 114.42 PLN 106.60 Citi Handlowy Citi Handlowy 8.20 PL banks 9.94 Citi Handlowy 1.38 PL banki 1.67 Last quotation as of August 28, 2025 (Citi Handlowy: PLN 106.60 zł) * Other banks – the 8 largest banks in Poland
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20 Forecasts for Polish economy GDP of Poland (%, YoY) 2,9 3,2 3,5 4,3 3,8 3,7 3,7 2024F Q1 2025F Q2 2025F Q3 2025F Q4 2025F 2025F 2026F Based on Citi analyst forecasts (data as of 25/08/2025 Consumption and investments (%, YoY) Based on Citi analyst forecasts (data as of 25/08/2025) 3,1 3,6 3,5 -2,2 5 4,1 2024F 2025F 2026F • In the first half of 2025, retail sales were 3.7% higher than in the same period a year earlier, that is why private consumption is still the main component of GDP growth. • The ongoing uncertainty over US tariffs on European goods in recent months has certainly not been conducive to Polish industry. Similarly, stagnation in Germany, Poland's largest export market, may further hamper the growth of Polish industry. • The current inflation trajectory suggests that the CPI could fall to the central bank's target next year. • In our opinion, given the downward inflation trend, the current interest rate level appears too high. However, the question remains how quickly the Council will decide to cut rates. We expect further decisions to be made gradually and spread over time. We anticipate two more cuts of 25 basis points this year and three more in 2026. This would bring the reference rate down to 3.75%. NBP reference rate (%, EoP) 5,75 4,50 3,75 2024 2025F 2025F Investments Private consumption Based on Citi analyst forecasts (data as of 25/08/2025
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21 Capital Group – profit and loss account 1Q24 2Q24 1Q25 2Q25 2Q25 vs.1Q25 2Q25 vs.2Q24 1H 2024 1H 2025 1H 2025 vs. 1H 2024 PLN MM PLN MM % PLN MM % PLN MM Net interest income 544 558 547 530 (17) (3%) (28) (5%) 1 102 1 078 (24) (2%) Net fee and commission income 100 104 111 107 (4) (4%) 3 3% 204 217 13 6% Dividend income 0 11 0 11 11 12736% 1 8% 11 12 1 8% Net gain on trading financial instruments and revaluation 127 136 82 92 10 12% (43) (32%) 263 175 (88) (34%) Net gain on debt investment financial assets measured at fair value through other comprehensive income (6) 21 40 105 65 163% 85 413% 14 145 131 909% Hedge accounting 8 2 (2) 4 7 - 2 128% 10 2 (8) (82%) Treasury 129 158 120 202 82 68% 44 28% 287 322 35 12% Net gain on other equity instruments 3 (10) 2 (8) (9) - 2 (19%) (7) (6) 0 (7%) Net other operating income 1 (14) 1 (10) (10) - 4 (31%) (13) (9) 4 (33%) Revenue 776 807 780 833 52 7% 25 3% 1 584 1 613 29 2% Expenses (260) (161) (268) (159) 109 (41%) 2 (1%) (421) (427) (6) 1% Depreciation (12) (12) (11) (12) (1) 9% 1 (5%) (24) (22) 2 (8%) Expenses and depreciation (272) (173) (279) (171) 108 (39%) 3 (2%) (445) (449) (4) 1% Operating margin 504 634 502 662 160 32% 28 4% 1 138 1 164 26 2% Profit/(loss) on sale of tangible fixed assets 1,9 (0,1) 1,1 (0,6) (1,7) - (0,4) 334% 1,8 0,6 (1,2) (68%) Provision for expected credit losses on financial assets and provisions for off–balance sheet commitments (3) (11) (8) (1) 7 (85%) 10 (89%) (14) (9) 5 (37%) Tax on certain financial institutions (30) (34) (28) (36) (8) 27% (2) 6% (64) (64) (0) 1% Profit before tax from continuing operations 473 589 467 624 158 34% 36 6% 1 062 1 091 29 3% Corporate income tax (116) (122) (107) (110) (3) 3% 12 (10%) (238) (217) 21 (9%) Net profit from continuing operations 358 467 360 514 154 43% 48 10% 824 874 50 6% Net profit from discontinued operations 96 (73) 75 (349) (424) - (276) 381% 24 (274) (298) - Net profit from continuing and discontinued operations 454 394 435 166 (269) (62%) (229) (58%) 848 601 (248) (29%) 0 0 C/I ratio 35% 21% 36% 20% 28% 28%
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22 Institutional Banking – profit and loss account 2Q24 3Q24 4Q24 1Q25 2Q25 2Q25 vs.1Q25 2Q25 vs2Q24 1H 2024 1H 2025 1H 2025 vs 1H 2024 PLN MM PLN MM % PLN MM % mln zł % Net interest income 535 532 522 524 509 (15) (3%) (26) (5%) 1 055 1 032 (23) (2%) Net fee and commission income 111 104 106 117 112 (5) (4%) 2 2% 217 230 12 6% Dividend income 2 1 0 0 3 3 9912% 1 26% 2 3 1 25% Net gain on trading financial instruments and revaluation 136 131 171 82 92 10 12% (43) (32%) 263 175 (88) (34%) Net gain on debt investment financial assets measured at fair value through other comprehensive income 21 2 34 40 105 65 163% 85 413% 14 145 131 909% Hedge accounting 2 (8) 7 (2) 4 7 - 2 128% 10 2 (8) (82%) Treasury 158 124 212 120 202 82 68% 44 28% 287 322 35 12% Net gain on other equity instruments (2) 7 12 1 (2) (3) - (1) 36% 0 (1) (1) - Net other operating income 4 (1) 5 2 (12) (14) - (16) - 6 (10) (16) - Revenue 807 767 858 764 812 48 6% 5 1% 1 568 1 576 8 1% Expenses (144) (139) (145) (242) (152) 90 (37%) (8) 5% (385) (394) (8) 2% Depreciation (7) (8) (8) (8) (10) (1) 18% (3) 42% (13) (18) (5) 34% Expenses and depreciation (151) (146) (154) (250) (162) 88 (35%) (10) 7% (398) (411) (13) 3% Operating margin 656 621 704 514 650 136 27% (6) (1%) 1 169 1 164 (5) (0%) Profit/(loss) on sale of tangible fixed assets (0,1) (0,2) (0,7) 1,1 (0,6) (2) - (0) 334% 1,8 0,6 (1) (68%) Provision for expected credit losses on financial assets and provisions for off–balance sheet commitments (11) (1) (3) (8) (1) 7 (85%) 10 (89%) (14) (9) 5 (37%) Tax on certain financial institutions (34) (27) (29) (28) (36) (8) 27% (2) 6% (64) (64) (0) 1% EBIT 611 592 670 479 613 134 28% 2 0% 1 093 1 092 (1) (0%) C/I ratio 19% 19% 18% 33% 20% 25% 26%
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23 Consumer Banking – profit and loss account 2Q24 3Q24 4Q24 1Q25 2Q25 2Q25 vs.1Q25 2Q25 vs.2Q24 1H 2024 1H 2025 1H 2025 vs. 1H 2024 PLN MM PLN MM % PLN MM % PLN MM % Net interest income 270 287 273 266 253 (13) (5%) (17) (6%) 547 519 (28) (5%) Net fee and commission income 37 37 32 34 34 1 2% (3) (7%) 75 68 (7) (9%) Dividend income 9 0 0 0 9 9 13902% 0 3% 9 9 0 3% Net gain on trading financial instruments and revaluation 8 9 8 8 8 0 1% (0) (0%) 16 17 0 2% Net gain on other equity instruments (8) (4) 23 0 (6) (6) - 2 (30%) (7) (5) 2 (26%) Net other operating income (21) (7) (13) (5) (3) 3 (52%) 18 (87%) (24) (8) 16 (67%) Revenue 296 322 323 303 297 (7) (2%) 1 0% 616 600 (16) (3%) Expenses (182) (178) (199) (221) (227) (6) 3% (45) 25% (382) (448) (66) 17% Depreciation (22) (22) (23) (5) (5) 0 (3%) 17 (78%) (45) (10) 35 (78%) Expenses and depreciation (204) (200) (222) (226) (232) (5) 2% (28) 14% (427) (458) (31) 7% Operating margin 92 122 101 77 65 (12) (16%) (27) (29%) 189 141 (47) (25%) Net impairment allowances on non-financial assets (180) - (252) - - - - 180 (100%) (180) - 180 (100%) Provision for expected credit losses on financial assets and provisions for off–balance sheet commitments 20 1 1 10 1 (9) (86%) (18) (93%) 33 12 (22) (65%) Tax on certain financial institutions (15) (12) (13) (12) (15) (3) 23% (0) 1% (30) (27) 3 (10%) Revaluation of assets and liabilities held-for-sale of at goodwill less costs to sell - - - - (470) (470) - (470) - - (470) (470) - EBIT (83) 112 (163) 75 (419) (494) - (336) 404% 12 (344) (356) - C/I ratio 69% 62% 69% 75% 78% 69% 76%
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24 Balance sheet - assets Jun. 2025 vs. Dec. 2024 Jun. 2025 vs. Jun. 2024 PLN B Jun. 2024 Sep. 2024 Dec. 2024 Mar. 2025 Jun. 2025 PLN B % PLN B % Cash and cash equivalents 0,5 1,9 5,8 6,7 11,0 5,2 90% 10,5 2055% Amounts due from banks 4,2 15,5 8,8 8,4 8,7 (0,1) (1%) 4,5 106% Financial assets held-for-trading 5,6 6,0 4,4 4,4 5,9 1,5 33% 0,3 6% Debt financial asstes measured at fair value through other comprehensive income 39,2 24,7 30,1 30,7 31,9 1,8 6% (7,3) (19%) Net gain/(loss) on equity and other instruments measured at fair value through income statement 0,1 0,1 0,2 0,2 0,2 (0,0) (4%) 0,0 24% Customer loans 21,2 21,9 21,4 24,8 18,6 (2,7) (13%) (2,6) (12%) Financial sector entities 5,3 6,2 5,1 8,2 6,8 1,7 33% 1,5 28% including reverse repo receivables 0,6 0,9 0,3 2,7 1,3 1,0 331% 0,7 109% Non-financial sector entities 15,9 15,7 16,3 16,6 11,8 (4,4) (27%) (4,1) (26%) Corporate Banking 9,8 9,6 10,2 10,6 11,8 1,6 16% 2,0 20% Consumer Banking 6,1 6,1 6,0 6,0 - (6,0) (100%) (6,1) (100%) Tangible fixed assets 0,5 0,5 0,5 0,5 0,5 (0,1) (13%) (0,1) (15%) Intangible assets 1,1 1,1 0,9 0,9 0,9 0,0 0% (0,2) (20%) Deferred tax asset 0,2 0,1 0,1 0,1 0,2 0,1 83% (0,0) (2%) Non-current assets held-for-sale and assets in disposal groups held-for-sale - - - - 6,1 6,1 - 6,1 - Other assets 0,4 0,5 0,4 0,6 0,5 0,1 32% 0,1 17% Total assets 73,1 72,4 72,5 77,2 84,3 11,8 16% 11,2 15%
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25 Balance sheet – liabilities and equity Jun. 2025 vs. Dec. 2024 Jun. 2025 vs. Jun. 2024 PLN B Jun. 2024 Sep. 2024 Dec. 2024 Mar. 2025 Jun. 2025 PLN B % PLN B % Liabilities due to banks 3,6 3,4 4,4 3,3 4,5 0,1 2% 0,9 25% Financial liabilities held-for-trading 3,2 3,2 2,8 2,3 3,1 0,3 12% (0,1) (2%) Financial liabilities due to customers 53,8 53,9 54,0 58,2 41,7 (12,3) (23%) (12,1) (23%) Financial sector entities - deposits 4,0 4,4 4,0 4,1 5,0 1,0 25% 1,0 26% Non-financial sector entities - deposits 48,5 48,2 49,4 53,7 36,7 (12,8) (26%) (11,9) (24%) Liabilities in disposal groups held-for-sale - - - - 22,4 22,4 - 22,4 - Other liabilities 3,3 2,1 1,4 3,0 3,4 2,0 139% 0,1 4% Total liabilities 63,9 62,7 62,6 66,8 75,1 12,5 20% 11,2 18% Share capital 0,5 0,5 0,5 0,5 0,5 - 0% - 0% Supplementary capital 3,0 3,0 3,0 3,0 3,0 - 0% - 0% Own shares (0,0) (0,0) (0,0) (0,0) (0,0) 0,0 (24%) 0,0 (17%) Revaluation reserve 0,2 0,2 (0,1) (0,0) 0,0 0,1 - (0,1) (80%) Other reserves 4,1 4,0 4,0 4,0 5,1 1,1 26% 1,1 26% Retained earning 1,5 2,0 2,4 2,8 0,6 (1,8) (75%) (0,9) (60%) Total Equity 9,2 9,8 9,9 10,4 9,2 (0,6) (6%) 0,0 0% - Total liabilities & equity 73,1 72,4 72,5 77,2 84,3 11,8 16% 11,2 15% - Loans / Deposits ratio 40% 42% 40% 43% 43%
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Contact details Investor Relations: relacjeinwestorskie@citi.com Adam Piotrak Investor Relations Head adam.piotrak@citi.com Monika Paczuska Investor Relations Analyst monika.paczuska@citi.com