Slides
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BNP PARIBAS BANK POLSKA SA GROUP 13 MARCH 2025 2024 RESULTS PRESENTATION
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01 02 03 04 05 06 Key highlights Financial results Business activities Appendices Summary & Outlook Macroeconomic environment Agenda
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Key highlights 0101
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4K E Y H I G H L I G H T S 4K E Y H I G H L I G H T S gross loans PLN 88.4 bn -1% y/y BUSINESS ACTIVITY • Growth in revenues in key NBI categories. NBI growth boosted by NII • Improvement of the normalized cost/income ratio despite the cost base growth resulting from inflation processes and technological investments • Lower burden of results with costs of legal risk of the CHF mortgage loan portfolio – PLN 0.8 billion in 2024 vs. PLN 2 billion in 2023 • Continued very good quality of the loan portfolio, low cost of risk • Improved capital position, among others, due to the issue of capital bonds (AT1) and good financial results, while paying out a dividend from 2023 net profit. Management Board recommendation to pay out 50% of 2024 net profit as a dividend (DPS: PLN 7.86) • Slight increase in Institutional Customers’ loans despite a conservative and selective credit policy. Gradual return to the market of PLN mortgage loans • A good year in sales of investment products (32% y/y increase in balance) with an increase in Retail Customers’ deposits at the market level (+10% y/y) • Further increase in Retail Customer transactionality (BLIK transactions, mobile banking and transactions, digital wallets, cards) • Further development of the GOBiznes ecosystem for Institutional Customers. Increase in the number of GOmobile Biznes users (+18% y/y) 2024 – significant improvement of financial results. Important step on the way to implementing the GObeyond strategy Growth in core revenues and lower impact of CHF portfolio legal risk with moderate increase of cost base STRATEGY & TRANSFORMATION FINANCIAL RESULTS Consistent implementation of key strategic goals: • #UP - supporting innovative solutions changing banking services • #POSITIVE – involvement in financing green transition • #STRONGER - implementing technologies that support Clients and operational processes • #TOGETHER - building a diverse and engaged community net profit PLN 2.4 bn +133% y/y NBI PLN 7.8 bn +6% y/y expenses PLN 3.4 bn +8% y/y ROE 16.9% +9 pp y/y NIM 3.8% +19 bps y/y
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5K E Y H I G H L I G H T S 5K E Y H I G H L I G H T S 41% [37% in 2023] GOAL 2025: 50% Clients’ Centers with the “Barrier-free facility" certificate Share of sustainable assets in management 27% [14.7% in 2023] GOAL 2025: 30% Digital sales (Individual Customers) 64% [43% in 2023] GOAL 2025: >50% % of key processes available via remote channels* 87% [85% in 2023] GOAL 2025: 90% Increase in the number of active food processors * for individual Customers +34% [vs 2021] GOAL 2025: +30% +26% [vs 2021] GOAL 2025: >22% EXECUTION IN 2024 #UP - supporting innovative solutions that change banking services #POSITIVE - commitment to financing the green transition • PLN 10.2 billion of sustainable financing at the end of 2024 (11.6% share in the loan portfolio) • Agreement with the European Investment Fund – InvestEU portfolio guarantee up to EUR 105 million • Financing linked to sustainable development as part of: • supporting the energy transition– for individual clients and housing communities (PLN 1.3 billion) • support for sustainable commercial investments (Green Loan) – Olivia Star office building in Tricity, Lakeside in Warsaw, office building in Warsaw for Stena Group, Panattoni Park Szczecin VI industrial park • Sustainability-Linked Loan – for Groups: CCC, Grenevia, EFL • New in the offer - Start TwojeGO Biznesu: comprehensive support for Clients setting up their own business; 8% on the deposit account for new Clients who open a current account in a branch, "Account with a Card for influentials", Visa tennis card • New solutions - API Premium: allows the Bank's business partners to verify and confirm the data of their Clients or contractors; Envirly Platform: enables carbon footprint management and improves ESG reporting, available to all of the Bank's business Clients • Cooperation with innovative companies: • financing of a Polish company Algolytics Technologies - scaleup providing the automation of business processes using Big Data, Machine Learning, Stream Based Modeling • cooperation of the Bank and BNP Paribas Faktoring with FinTech Monevia - new opportunities for Clients from the small business and microenterprise sector in the field of microfactoring • Transformation of the corporate center network and separation of homogeneous groups of Customers in order to better adapt the service provided to their needs and specificity Increase in the number of active international Customers GObeyond Strategy 2022-25 Key achievements in 2024
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6K E Y H I G H L I G H T S 6K E Y H I G H L I G H T S GObeyond Strategy 2022-25 Key achievements in 2024 27 [23 in 2023] GOAL 2025: 20 Net Promoter Score of employees Share of women in the Bank's Management Board 37.5% [22% in 2023*] GOAL 2025: 30% Operations efficiency increase +13% [CAGR vs 2021] GOAL 2025: >10% per year calculated as the volume of products per FTE in the Operations and Sales Support Area Number of use cases using AI or advanced data analytics 102 [73 in 2023] GOAL 2025: >200 * since 1 January 2024 – 37.5% • Creating a culture of continuous development – LeaderUP: leadership competence model, RozwijAI się z Digital Academy, 6th edition of the UniversiITy program, 4th edition of the I can do IT program, 3rd edition of the ESG Academy, #MyWay training offer, #MamToDamTo, 5 years of the BNP Paribas Changing Women development program • Work-life balance initiatives - 2 Hours for Family/for People, 2 Hours for Health, Health Days • Social involvement: • The Noble Gift – the Bank is a strategic partner of the campaign for the seventh time, 2.7 thous. engaged employees, support from the Bank and Customers in 2024 in the amount of almost PLN 2 million • employee volunteering, 2 Hours for Earth, Good Kilometers, Class - a scholarship and development program • First hackathon at the Bank - building an AI model to identify fake transactions in mobile channels • BNP Paribas Open Talks - regular online meetings of members of the Bank's Management Board with employees #TOGETHER - building a diverse and engaged community #STRONGER - implementing technologies supporting Clients and operational processes • The first bank in Poland to use BaseModel.ai: a tool that allows for matching the offer to customer preferences • Axepta BNP Paribas payment gateway made available for Shoper customers (e-commerce solutions provider) • Development of the GENiusz Chatbot, based on GenAI technology, to include new areas and functionalities allowing for further optimization of processes and increased work efficiency • Introduction of a full credit workflow in all corporate banking centers and a significant reduction in the time of the credit process for the Corporate Customers segment • 233 active robots supporting the Bank's operations in the areas of: customer service, HR, settlements, risk and compliance - 33 implementations in 2024 • Over 50% of the Bank's net profit for 2023 was allocated to the payment of dividend - DPS: PLN 3.41 EXECUTION IN 2024
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7K E Y H I G H L I G H T S BLIK transactions quarterly [thous.] Customers using digital channels [thous.] #GOdigital – statistics Number of tokens in digital wallets [thous.] GOmobile users [thous.] 1,633 1,662 1,633 1,646 1,661 4Q 23 1Q 24 2Q 24 3Q 24 4Q 24 577 578 582 598 611 4Q 23 1Q 24 2Q 24 3Q 24 4Q 24 1,171 1,205 1,215 1,240 1,261 4Q 23 1Q 24 2Q 24 3Q 24 4Q 24 12,927 13,262 14,698 15,440 16,653 4Q 23 1Q 24 2Q 24 3Q 24 4Q 24 +1% q/q +2% y/y +2% q/q +6% y/y +2% q/q +8% y/y +8% q/q +29% y/y Continued growth in transactionality and use of mobile banking #GOdigital GOdealer application GOmakler application GOinvest service
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8K E Y H I G H L I G H T S Corporate & SME Banking Retail Banking INVESTMENT PRODUCTS* PERSONAL ACCOUNTS GOMOBILE PAYMENTS No. of transactions Customer business activity – sales & transactional trends Further increase in transactionality, sales of investment products and mortgage loans in Retail. Growth in the paymentsvolume in SME & Corporate We support our Customers in business development by actively participating in key deals on the market * Investment funds, structured certificates and investment deposits MORTGAGE LOANS CASH LOANS y/y q/q q/qy/y PAYMENTS VOLUME ACTIVE CUSTOMERS SME CORP. SME CORP. 4Q 23 1Q 24 2Q 24 3Q 24 4Q 24202420232022 4Q 23 1Q 24 2Q 24 3Q 24 4Q 24202420232022 4Q 23 1Q 24 2Q 24 3Q 24 4Q 24202420232022 4Q 23 1Q 24 2Q 24 3Q 24 4Q 24202420232022 202420232022 4Q 23 1Q 24 2Q 24 3Q 24 4Q 24 202420232022 4Q 23 1Q 24 2Q 24 3Q 24 4Q 24 -6% +4% +6% -6% +70% 0% +10% +2% +23% +24% +334% +12% +11% 0%
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9K E Y H I G H L I G H T S Number of Customers [thous.] Loan and deposit volumes Gross loans [PLN million] Customer deposits [PLN million] Market share 88,857 88,829 88,580 89,493 88,387 6.1% 6.0% 5.8% 5.8% 5.7% 31.12.23 31.03.24 30.06.24 30.09.24 31.12.24 -1.1% q/q -1.3% q/q 6.0% 5.8% 5.7% 5.5% 5.7% 126,714 124,380 125,112 122,098 130,475 31.12.23 31.03.24 30.06.24 30.09.24 31.12.24 +7.6% q/q +6.3% q/q 4,186 4,174 4,170 4,087 4,001 31.12.23 31.03.24 30.06.24 30.09.24 31.12.24 -1.8% q/q -5.3% q/q Loan portfolio dynamics below expectations yet with a y/y deposits growth. Selective growth in the Customers acquisition decrease in Individual Customer loans (-4.5% y/y), mortgage loans (-1.8% q/q, -8.1% y/y) slight decrease in Institutional Customer loans (with an increase of 2.0% y/y) solid increase in Individual Customer deposits (+9.6% y/y) increase in Institutional Customer deposits (with a decrease of 1.4% y/y) decrease in the number of Individual Customers due to Customer base verification (-5.0% y/y) Increase in the number of Affluent Customers (+1.6% q/q, +10.2%) and Private Banking Clients (+2.9% q/q, +14.4% y/y) decrease in the number of micro, SME and Corporate Customers (with an increase of 2.0% y/y) -1.2% q/q -0.5% y/y +6.9% q/q +3.0% y/y Market share -2.1% q/q -4.4% y/y
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10K E Y H I G H L I G H T S Operating expenses [PLN million] Quarterly financial results Net banking income [PLN million] ( 74) ( 96) 8 ( 99) ( 59) (1,017) (21) (190) (277) (308) 4Q 23 1Q 24 2Q 24 3Q 24 4Q 24 Cost of risk CHF portfolio legal risk impact +11.0% q/q -69.7% y/y -40.0% q/q -20.3% y/y Cost of risk and impact of CHF portfolio legal risk [PLN million] 618 612 977 832 789 (381) 591 623 636 509 4Q 23 1Q 24 2Q 24 3Q 24 4Q 24 Net result w/o CHF legal risk & credit holidays Net result -19.9% q/q -233.8% y/y -5.1% q/q +27.8% y/y Net result [PLN million] Similar quarterly net banking income w/o credit holidays impact (PLN +34 million in Q4 vs. +100 million in Q3 due to growth in comparable net interest income, net fee and commission income, net investment income and hedge accounting. Seasonally higher level of general administrative costs with a simultaneous slight decrease in personnel expenses. Decrease of cost of risk related, among others, to the positive impact of the sale of receivables in Q4 24. Moderate increase in the impact of the legal risk of the CHF mortgage portfolio. Reported quarterly net profit -20% q/q. Solid quarterly net profit over the year. Comparable normalized NBI and total CHF legal and credit risk costs. Seasonal increase in operating expenses -0.8% q/q +9.9% y/y -3.9% q/q +10.4% y/y +2.0% y/y +6.7% q/q 1,803 1,944 1,897 1,999 1,9821,826 1,944 1,694 2,098 2,016 4Q 23 1Q 24 2Q 24 3Q 24 4Q 24 (785) (795) 0 (136) (8) 0 0 (824) (921) (803) (787) (840) 4Q 23 1Q 24 2Q 24 3Q 24 4Q 24 Normalized NBI - w/o credit holidays impact BGFBGF +6.7% q/q +2.0% y/y Operating expenses w/o BGF impact
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11K E Y H I G H L I G H T S ROE [%] Cost / Income [%] Key financial ratios w/o costs of BGF, IPS and credit holidays 2.46%2.41% Cost of credit risk [%] Net interest margin on assets [%] (0.04%) (0.44%) (0.20%) (0.28%) (0.28%) 12M 23 3M 24 6M 24 9M 24 12M 24 42.5% 47.4% 47.4% 43.8% 43.2% 41.1% 40.4% 41.1% 40.5% 41.0% 12M 23 3M 24 6M 24 9M 24 12M 24 Maintained high return on equity. Stabilization of the net interest margin and cost efficiency (w/o credit holidays impact and BGF costs). Good quality of the loan portfolio translating into low cost of credit risk 3.57% 3.53% 3.08% 3.95% 3.75% 3.51% 3.53% 3.59% 3.69% 3.67% 4Q 23 1Q 24 2Q 24 3Q 24 4Q 24 reported value w/o credit holidays impact 8.2% 18.0% 18.3% 18.2% 16.9% 7.7% 18.1% 20.7% 19.0% 17.3% 12M 23 3M 24 6M 24 9M 24 12M 24 reported value w/o credit holidays impact Cost / Income ratio w/o BGF costs and credit holidays at the slightly lower level compared to 12M 2023. The reported Cost / Income ratio increased slightly compared to 12M 2023, primarily due to the increase in the cost base related to inflation and investments implemented by the Group. Increase of the net interest margin (also w/o credit holidays impact) due to the optimization of the cost of financing, improvement of the result on derivatives and management of surplus liquidity. Low cost of credit risk. Very good quality of the loan portfolio. Reported ROE at the level of 16.9%.
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12K E Y H I G H L I G H T S Regulatory contributions & impact of CHF portfolio legal risk [PLN million] 213 143 152 124 144 0 207 0 168 1,045 740 1,978 796 7 (1) 75 0 0 0 0 895 (56) 69 388 1,188 2,069 2,047 1,009 2020 2021 2022 2023 2024 credit holidays BSF CHF provisions IPS BGF -50.7% y/y Net banking income [PLN million] 561 Significant improvement of the core business profitability Net profit doubled following improvement of core revenues (increase in net interest margin) and significantly lower legal risk burden of CHF portfolio allowing the Bank to strengthen the capital base Net profit [PLN million] IPS 188.0 663 IPS 188,0 663 623 Cost / Income [%] w/o costs of BGF, IPS and credit holidays* Historically the highest net banking income achieved due to: • increase in net interest income by 9.9% y/y (by 12.4% w/o credit holidays impact), • higher NF&C by 4.4% y/y, • improvement in the result on investment activities as well as result on hedge accounting. Cost control enabling the maintenance of a similar level of the Costs / Income ratio despite an increase in operating expenses by 8.3% y/y. W/o BGF, IPS costs and credit holidays impact this ratio would amount to 41.0% (-0.1 pp y/y). PLN 2.4 billion of net profit in 2024 mainly due to the higher core revenues and lower negative impact of the CHF portfolio legal risk. 733 176 441 1,013 2,358 2020 2021 2022 2023 2024 53.3% 52.9% 56.8% 42.5% 43.2% 49.0% 49.9% 42.9% 41.1% 41.0% 2020 2021 2022 2023 2024 4,705 4,809 5,352 7,283 7,753 2020 2021 2022 2023 2024 +6.5% y/y +132.9% y/y * for 2020 also w/o integration costs
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Macroeconomic environment 0202
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14M A C R O E C O N O M I C E N V I R O N M E N T GDP, economic situation and inflation Faster economic growth in late 2024 Source: Statistics Poland (GUS), Eurostat, Macrobond, BNP Paribas Economic activity still fairly weak, but investment outlook improving on stronger inflow of EU funds In Q4 2024, Poland’s GDP growth accelerated from 2.7% y/y to 3.2% y/y, mainly due to stronger household consumption expenditure. Exports and investments remained weak, however. While foreign demand is still the main risk factor for the economic outlook in Poland, capital expenditure should grow rapidly this year, mainly due to infrastructure investments financed by EU funds. The significant acceleration in the inflow of EU funds last year and their expected further increase in 2025-26 bode well for investments in the coming quarters. At the end of last year, inflation in Poland remained close to 5% due to the July increase in energy prices and rising food prices. At the beginning of 2025, headline inflation topped 5% y/y. Due to the increase in regulated prices, it will remain at an elevated level until mid-year. Later on, as the impact of last year’s increase in energy prices and the VAT rate on food will fade away, CPI inflation should slow below 3.5% y/y, i.e. the upper range of deviation around the NBP inflation goal of 2.5%. Inflation to remain above the NBP target until mid-2025 -5 -3 0 3 5 8 10 13 -10 -5 0 5 10 15 20 25 Mar.22 Jun.22 Sep.22 Dec.22 Mar.23 Jun.23 Sep.23 Dec.23 Mar.24 Jun.24 Sep.24 Dec.24 Industrial production (% y/y) Construction output (% y/y) Retail sales (% y/y) GDP (% y/y, right axis) 0 3 6 9 12 15 18 21 Jan.19 Oct.19 Jul.20 Apr.21 Jan.22 Oct.22 Jul.23 Apr.24 Jan.25 Consumer goods prices (% y/y) Consumer services prices (% y/y) 0 3 6 9 12 15 18 21 Jan.19 Aug.19 Mar.20 Oct.20 May.21 Dec.21 Jul.22 Feb.23 Sep.23 Apr.24 Nov.24 Contribution of main components to CPI inflation (pp) Core inflation Food and soft drinks Fuels & Energy 0 5 10 15 20 25 30 35 40 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 2026 Inflow of (certain) EU funds to Poland (EUR bn, nominal) Cohesion funds, Structural funds Recovery and Resilience Funds
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15M A C R O E C O N O M I C E N V I R O N M E N T Monetary policy, exchange rate and the banking sector Although interest rates remain on hold, demand for credit is rising again Source: Statistics Poland (GUS), Eurostat, NBP, PFSA, Macrobond, BNP Paribas Interest rates unchanged from October 2023; PLN supported by positive real interest rate Banking sector: Credit demand picking up in all segments Poland’s Monetary Policy Council has been keeping interest rates unchanged since October 2023 and the tone of the MPC’s communication has toughened lately. According to NBP governor Adam Glapiński, interest rate cuts may not appear until the end of this year or early next year. Despite the rise of inflation in the second half of last year, the real interest rate in Poland remains positive, supporting a strong zloty - despite slightly worsening trade and current account balances. The strong zloty and lower inflation should support the resumption of the NBP's monetary policy easing cycle from the middle of the year. In recent months, demand for credit among non-financial companies has markedly increased (both for working capital and investment loans). The volumes of consumer and housing loans have also risen. The expected improvement in economic conditions - especially in construction - and lower interest rates should support further growth in lending among both households and companies this year. 0 3 5 8 10 13 15 18 20 Jan.20 Jun.20 Nov.20 Apr.21 Sep.21 Feb.22 Jul.22 Dec.22 May.23 Oct.23 Mar.24 Aug.24 NBP main policy rate (%) CPI inflation (% y/y) NBP target 4.10 4.20 4.30 4.40 4.50 4.60 4.70 4.80 4.90-12 -10 -8 -6 -4 -2 0 2 4 Jan.18 Oct.18 Jul.19 Apr.20 Jan.21 Oct.21 Jul.22 Apr.23 Jan.24 Oct.24 Real NBP policy rate (%, inverted axis) EUR/PLN rate (right axis) -5 -3 0 3 5 8 10 13 15 18 65 70 75 80 85 90 95 100 105 Jan.18 Oct.18 Jul.19 Apr.20 Jan.21 Oct.21 Jul.22 Apr.23 Jan.24 Oct.24 Loans-to-Deposits ratio (%) Deposits of residents (% y/y, right axis) Loans to residents (% y/y, right axis) -10 -5 0 5 10 15 20 Mar.18 Dec.18 Sep.19 Jun.20 Mar.21 Dec.21 Sep.22 Jun.23 Mar.24 Dec.24 Corporate loans (% y/y) PLN-denominated housing loans (% y/y) Consumer loans (% y/y)
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Financial results 0303
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17F I N A N C I A L R E S U L T S Key financial data – 12M 2024 Financial results Volumes Indicators Assets PLN 168 billion +4.0% y/y Loans (gross) PLN 88 billion -0.5% y/y Securities PLN 56 billion +29.1% y/y Customer deposits PLN 130 billion +3.0% y/y Investment products PLN 19 billion +32.3% y/y Equity PLN 15 billion +19.7% y/y Total Capital Ratio 17.20% Tier 1 13.80% MREL standalone (% TREA) 22.83% ROE 17% BVPS (PLN) 104.2 Net loans/deposits 66% LCR 238% NIM (net assets, quarterly) 3.75% Net profit PLN 2,358 million +132.9% y/y (PLN +1,346 million) w/o credit holidays PLN 2,415 million +149.6% y/y (PLN +1,447 million) Net banking income PLN 7,753 million +6.5% y/y (PLN +470 million), of which: net interest income: PLN 5,741 million,+9.9% y/y net fee & commission income: PLN 1,264 million,+4.4% net trading income: PLN 841 million,-11.6% y/y w/o credit holidays PLN 7,822 million +8.2% y/y (PLN +595 million) net interest income: PLN 5,810 million,+12.4% y/y Expenses PLN -3,352 million +8.3% y/y (PLN -256 million) Expenses (w/o BGF) PLN -3 ,208 million +8.0% y/y (PLN -236 million) C/I Ratio 43.2% +0.7 pp y/y C/I Ratio (w/o BGF & credit holidays) 41.0% -0.1 pp y/y Impact of CHF portfolio legal risk on P&L PLN -796 million -59.8% y/y (PLN +1,182 million) Net allowances on expected credit losses PLN -246 million 616.3% y/y (PLN -212 million) Comparable growth rate of normalized NBI and costs in 2024. Further improvement in net interest margin. Lower negative impact of legal risk of CHF portfolio. Organic growth of capital base supported by AT1 capital bond issuance
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18F I N A N C I A L R E S U L T S Gross Customer loans* [PLN million] Market shares [%] Gross loans structure [%] Loan portfolio share in total assets 34,411 33,838 33,290 33,229 32,858 54,446 54,991 55,290 56,264 55,529 88,857 88,829 88,580 89,493 88,387 31.12.23 31.03.24 30.06.24 30.09.24 31.12.24 Institutional customer loans Individual customer loans -1.1% q/q -1.3% q/q -1.2% q/q -0.5% y/y +2.0% y/y -4.5% y/y 6.1% 6.0% 5.8% 5.8% 5.7% 5.3% 5.1% 5.0% 4.9% 4.8% 6.7% 6.7% 6.6% 6.7% 6.5% 31.12.23 31.03.24 30.06.24 30.09.24 31.12.24 Total Customer loans Individual customer loans Institutional customer loans 51.8% 52.6% 52.9% 53.4% 53.5% 9.5% 9.3% 9.5% 9.5% 9.3% 23.8% 23.2% 22.6% 22.3% 22.4% 0.9% 0.9% 0.8% 0.7% 0.5% 14.0% 14.0% 14.2% 14.1% 14.3% 31.12.23 31.03.24 30.06.24 30.09.24 31.12.24 Institutional customers w/o farmers Farmers PLN mortgages FX mortgages Individual customers other loans 51% Seasonal decrease in institutional Customer loans. Growing quarterly sales of mortgage loans, but still below the natural portfolio amortization Individual Customers’ portfolio: • decrease in the value of PLN mortgage loans (-0.9% q/q, -6.5% y/y) • decrease in the value of CHF mortgage loans (-31.9% q/q, -50.2% y/y) among others due to the ongoing process of concluding settlements • quarterly decrease in the value of cash loan portfolio (-0.9% q/q, +3.3% y/y) Institutional Customers’ portfolio: • quarterly decrease in the enterprises loan portfolio (-1.3% q/q, +1.9% y/y) • increase in the leasing portfolio (+1.2% q/q, +8.2% y/y) • decrease in the portfolio of individual farmers (-3.2% q/q, -2.3% y/y) The value of sustainable financing at the end of 2024: PLN 10.2 billion (-2.0% q/q, +5.8% y/y) * Including the portfolio measured at fair value
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19F I N A N C I A L R E S U L T S Gross CHF mortgage loans [PLN million] Share of CHF housing loans in the Bank's total loan portfolio denominated Number of active loans Lawsuits filed by Customers Ratio of the value in the dispute to the CHF portfolio gross book value (GBV) before legal risk adjustment x CHF mortgage loan portfolio Number of settlements concluded with borrowers Value of the impact of legal risk at the end of the period [PLN million] and CHF portfolio coverage ratio Gross CHF mortgage loans [CHF million]x foreign currency x CHF portfolio GBV provision coverage ratio before legal risk adjustment 816 745 660 596 406 2,255 1,926 1,818 1,661 1,675 0.9% 0.8% 0.7% 0.7% 0.5% 4Q 23 1Q 24 2Q 24 3Q 24 4Q 24 3,567 4,032 4,594 5,120 5,550 31.12.23 31.03.24 30.06.24 30.09.24 31.12.24 3,404 3,057 3,068 3,124 3,239 4Q 23 1Q 24 2Q 24 3Q 24 4Q 24 2,835 3,112 3,282 3,438 3,496 873 839 712 634 531 4Q 23 1Q 24 2Q 24 3Q 24 4Q 24 Value of claims [PLN million] Number of new claims 92.3% 116.5% 132.4% 152.3% 168.0% 110.9% 114.5% 123.8% 138.4% 155.6% 36.2% 4.4 k 63.8% 3.8 k 174 168 147 132 90 Decrease in the number of new claims. Further increase in the number of settlements concluded with Clients Number of active loans Results of individual negotiations of settlements with Customers as at 31.12.2024: • 13,915 individual settlement offers presented to Customers, • 6,202 negotiation proposals accepted by Customers, • 5,550 settlements concluded. • In 2024: 2,716 new lawsuits (3,056 in 2023). In Q4 2024: 531 new lawsuits (in Q3 2024: 634). • Out of 2,995 validly concluded proceedings: 2,189 cases ended unfavourably, 539 ended with court settlements, 186 discontinued due to a settlement, 35 discontinued due to a clearing, 46 ended favourably. • Impact of the legal risk related to settlements with Customers as at 31.12.2024: PLN 238 million (as at 30.09.2024: PLN 243 million). • In Q4 2024, the Bank used PLN 122 million for concluded settlements and PLN 77 million for the final judgments (Q3 2024: PLN 119 million and PLN 134 million, respectively). IFRS 9 adjustment
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20F I N A N C I A L R E S U L T S Market shares [%] Customer deposits Deposits structure [%] LCR [%] Customer deposits [PLN million] x share in total liabilities and equity 50,355 51,164 51,388 51,285 55,184 76,359 73,216 73,724 70,813 75,290 126,714 124,380 125,112 122,098 130,475 31.12.23 31.03.24 30.06.24 30.09.24 31.12.24 Individual Customer deposits Institutional Customer deposits 239.1 234.3 225.4 217.5 238.4 6.0% 5.8% 5.7% 5.5% 5.7% 4.5% 4.4% 4.3% 4.2% 4.4% 7.9% 7.5% 7.5% 6.9% 7.1% 31.12.23 31.03.24 30.06.24 30.09.24 31.12.24 Total Customer deposits Individual customer deposits Institutional customer deposits 66.8% 61.5% 62.8% 64.1% 66.1% 32.4% 37.7% 36.4% 35.1% 33.0% 0.8% 0.8% 0.8% 0.9% 0.8% 31.12.23 31.03.24 30.06.24 30.09.24 31.12.24 Current accounts Term deposits Other liabilities 78% +6.9% q/q +3.0% y/y +6.3% q/q +7.6% q/q +9.6% y/y -1.4% y/y Increase in the value of both individual and institutional Customer deposits. Another quarter of growth in the share of current accounts in the deposit portfolio structure Quarterly increase in Customer deposits in key segments: • Institutional Customers w/o Farmers: +6.9% q/q, -2.7% y/y, • Individual Customers: +7.6% q/q, +9.6% y/y, • Farmers: +14.2% q/q, -3.1% y/y. Quarterly decrease in Public sector: -11.4% q/q (+39.7% y/y). Increase in the share of current accounts in total deposits – to 66.1% at the end of Q4 2024 (+2.1 pp q/q, -0.6 pp y/y): • Individual Customer deposits: 53.8%, (+0.4 pp q/q, +2.8 pp y/y), • Institutional Customer deposits: 75.2%, (+3.5 pp q/q, -1.9 pp y/y).
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21F I N A N C I A L R E S U L T S Investment products [PLN million] Structure of BNP Paribas TFI investment products [%] Investment products * Discretionary Portfolio Management 5,243 5,168 5,726 5,576 5,407 78 75 73 72 68 5,215 6,117 6,894 7,631 8,198 2,022 2,028 2,076 2,198 2,147 1,651 2,044 2,329 2,627 2,987 404 473 537 542 529 14,613 15,906 17,634 18,647 19,334 31.12.23 31.03.24 30.06.24 30.09.24 31.12.24 Instruments on brokerage accounts Unit-linked Insurances BNP Paribas Group Funds Structured products Other funds DPM* 47.8% 43.7% 42.6% 48.0% 49.8% 5.7% 5.6% 6.6% 5.1% 4.8% 36.6% 41.4% 42.1% 38.8% 37.8% 4.7% 3.9% 3.4% 3.0% 2.7% 5.1% 5.3% 5.3% 5.0% 4.8% 31.12.23 31.03.24 30.06.24 30.09.24 31.12.24 Short-terms debt securities funds Stock funds Debt funds Mixed funds Defined date funds (Employee Capital Plan) +3.7% q/q +32.3% y/y Further increase in the value of key investment products, mainly investment funds assets • In Q4 2024, there was a further increase in the value of funds invested in investment funds of the BNP Paribas Group (+57.2% y/y, +7.4% q/q). • Customers' interest in subfunds investing in the market of short-term debt instruments is maintained. • Increase in the value of Customers’ assets in other funds (+80.9% y/y, +13.7% q/q). • Increase y/y in the value of Customers’ assets on brokerage accounts (+3.1%) and a slight decrease q/q (-3.0%). Increase y/y in the value of investment funds and Customers’ assets on brokerage accounts
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22F I N A N C I A L R E S U L T S Net interest income and expenses [PLN million] Net interest income [PLN million] Net interest income Net interest margin, quarterly [%] 6 482 share in NBI 3.75%3.95% 3.08% 3.53%3.57% 3.67%3.69%3.59% 3.53%3.51% 4Q 243Q 242Q 241Q 244Q 23 Net Interest Margin (NIM) Net Interest Margin (NIM) w/o credit holidays 10,2459,827 (4,504)(4,602) 12M 2412M 23 (1,113)(1,159)(1,128)(1,104)(1,136) 2,6532,7392,3482,5062,557 4Q 243Q 242Q 241Q 244Q 23 Interest expense Interest income 76% +9.9% y/y +8.4% y/y -2.5% q/q +12.4% y/y +7.7% y/y +1.8% q/q Increase in normalized NII on a quarterly and annual basis. Positive impact of investing excess liquidity (securities, loans and advances to banks) on net interest margin • Negative impact of credit holidays: -PLN 69 million in 2024 (-PLN 125 million y/y). In Q2 2024 -PLN 203 million, in Q3 revision of estimate and positive impact +PLN 100 million, in Q4 +PLN 34 million (-PLN 66 million q/q). • Increase in net interest income from securities and reverse repo transactions y/y (+PLN 496 million) and q/q (+PLN 24 million). • Improvement in net interest income from derivative instruments as part of hedge accounting (lower negative impact) +PLN 345 million y/y, +PLN 13 million q/q. • Decrease in interest income on loans y/y as a result of lower average interest rates, partially neutralized by lower interest costs on Customer deposits. Slight increase in cost of acquiring Individual Customer deposits in Q4 vs. Q3 2024. * w/o impact of credit holidays 5,810 5,170 5,7415,225 12M 2412M 23 1,5061,4801,4231,4021,399 1,5401,579 1,220 1,4021,421 4Q 243Q 242Q 241Q 244Q 23 w/o credit holidays impact reported value * * *
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23F I N A N C I A L R E S U L T S Fee and commission income and expenses [PLN million]Net fee and commission income [PLN million] Net fee and commission income share in NBI 41(10)(3) (0) 94858197100 9585848079 72 7261 8957 35 3739 37 31 303232 36 24 330311 287 335 291 4Q 243Q 242Q 241Q 244Q 23 Other fees Loans and leasing Accounts and settlement operations Cards Insurance Asset management and brokerage operations ( 8)( 23) 356407 344324 294260 148145 13097 1,264 1,211 12M 2412M 23 393382365403359 (63)(71)(77)(68)(68) 4Q 243Q 242Q 241Q 244Q 23 Fee and commission income Fee and commission expenses 1,5431,473 (279)(262) 12M 2412M 23 16% +4.4% y/y +6.0% q/q+13.3% y/y Increase in the net fee and commission income in Q4 2024 –one-off revenues from accounts & settlement operations and higher revenues from credit and guarantee activities • Higher y/y net fee and commission income due to higher commissions in the card area, asset management and brokerage operations and other commissions despite lower revenues from credit and guarantee activities. • Increase in quarterly F&C mainly due to: – higher fees for accounts maintenance and settlement operations (revenues from closing accounts of individual Clients and outgoing payments of corporate Clients and SMEs), – higher fees from credit and guarantee activities (fees for early repayment and used liabilities of corporate Clients and lower costs of financial guarantee in connection with the transfer of risk of the securitized credit portfolio), – lower costs of provisions for unpaid fees within other fees.
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24F I N A N C I A L R E S U L T S Net trading income [PLN million] Net trading and investment income share in NBI Margin on FX and derivative transactions with Customers [PLN million] included in net trading income Net investment income [PLN million] 841 951 12M 2412M 23 201 226 201 213 194 4Q 243Q 242Q 241Q 244Q 23 723803 12M 2412M 23 195173184171170 4Q 243Q 242Q 241Q 244Q 23 14 ( 23) 12M 2412M 23 7 ( 2) 54 ( 23) 4Q 243Q 242Q 241Q 244Q 23 10% -11.6% y/y +3.6% y/y -10.8% q/q -9.9% y/y +14.4% y/y +12.7% q/q -162.4% y/y -162.4% y/y -516.1% q/q • Decrease in the net trading income y/y among others due to the lower margin on currency and derivative transactions with Customers (PLN -79.9 million y/y related to the lack of one-off events comparable to 2023). The result on transactions in financial instruments in the AMLT and CIB area was also lower • Decrease in quarterly terms due to lower results from transactions in financial instruments in CIB and ALMT partially neutralized by improved margin on currency and derivative transactions with Customers. • Change of net investment income y/y and q/q as a result of improved valuation of the loan portfolio measured at FV (PLN +27.1 million y/y, PLN +5.8 million q/q) and an increase in the result on debt instruments measured at FV through other comprehensive income (sale of securities) by PLN +12.3 million y/y and PLN +3.3 million q/q. Quarterly increase in margin on FX transactions with Customers. Decrease of other net trading income. Increase in net investment income
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25F I N A N C I A L R E S U L T S Cost/Income ratio [%] Employment in the Group [FTE, end of period] Operating expenses [PLN million] Operating expenses, depreciation and amortization w/o costs of BFG, IPS and credit holidays (391)(397)(387)(379)(381) (317)(262)(280)(280)(326) (133)(128)(128)(126)(117) 0 (8)(136) 0 (840) (787) (803)(921) (824) 4Q 243Q 242Q 241Q 244Q 23 Personnel expenses Other administrative costs Depreciation & amortization Bank Guarantee Fund & IPS (1,554)(1,445) (1,139)(1,069) (514) (457) (144)(124) (3,352) (3,096) 12M 2412M 23 43.2%43.8%47.4%47.4%42.5% 41.0%40.5%41.1%40.4%41.1% 12M 249M 246M 243M 2412M 23 7,883 8,0008,0238,077 8,184 12M 249M 246M 243M 2412M 23 +8.3% y/y +8.0% y/y +2.0% y/y +2.0% y/y +6.7% q/q +6.7% q/q + 0.7 pp y/y - 0.1 pp y/y -3.7% y/y ** * Seasonal cost increase on a quarterly basis. Annual cost base under control despite continued impact of inflation and technology investments. Continuous transformation of our operating model * w/o BGF costs and IPS • Increase in costs y/y mainly due to higher personnel expenses (an increase in wages partially neutralized by a decrease in employment by 301 FTEs y/y), higher IT, marketing and BGF costs as well as higher depreciation costs (related to transformation, digitalization and acceleration of depreciation of some systems). • The quarterly cost increase primarily due to higher other administrative costs (higher IT costs, costs of external services under other contracts and consulting as well as other non-personnel expenses, incl. business trips and meetings) partially neutralized by lower personnel expenses.
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26F I N A N C I A L R E S U L T S Net allowances on expected credit losses Cost of risk by segments [PLN million] [bps] 4Q 23 1Q 24 2Q 24 3Q 24 4Q 24 Quartely cost of risk* (33) (44) +4 (44) (27) (87) (84) 26 (75) (76) 13 (12) (18) (24) 17 (74) (96) 8 (99) (59) 4Q 23 1Q 24 2Q 24 3Q 24 4Q 24 Institutional Customer loans Individual Customer loans (38) (209) 3 (37) (34) (246) 12M 23 12M 24 -20.3% y/y -40.0% q/q-20.3% y/y Cost of risk confirming the very good quality and resilience of the portfolio * Cost of risk expressed as the ratio of the net allowances on expected credit losses on financial assets and contingent liabilities to the average balance of gross loans and advances to customers valued at amortised cost (calculated based on quarter-end balances). In Q4 2024 the cost of risk amounted to PLN -59 million. The level of the cost of risk was significantly impacted by: • creation of provisions for future materialization of risk in the institutional Clients segment in the form of Post Model Adjustments: − PLN 73 million for Clients operating in sectors vulnerable to the impact of the crisis in German economy (automotive, furniture and white goods segments), − PLN 32 million for Clients operating in the commercial real estate segment, − PLN 22 million for risk related to negative effects of increased volatility of weather conditions on crop yields (i.e. droughts, hailstorms), • release of PLN 30 million of provisions for future materialization of risk in the retail Clients segment, including provisions created in relation to delay in identification of risk on Clients benefiting from credit holidays, • changes in level of provisions related to updates and changes in parameters resulting in a release of PLN 51 million of provisions, • positive result on NPL sale in the amount of PLN 34 million (including PLN 30 million in the institutional clients portfolio). In 2024, cost of risk amounted to PLN -246 million. The lower cost of risk in 2023 was a result of material recoveries in the institutional Clients NPL portfolio and a release of provisions related to macroeconomic expectations.
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27F I N A N C I A L R E S U L T S Total loans – share of NPL* in the portfolio measured at amortized cost* Institutional loans – share of NPL* Loan portfolio quality Loans to Individual Customers – share of NPL* Gross NPL portfolio* [PLN million] 2.3% 2.4% 2.3% 2.3% 2.2% 1.4% 1.4% 1.5% 1.5% 1.4% 4Q 23 1Q 24 2Q 24 3Q 24 4Q 24 Loans to individual Customers Mortgage loans 3.0% 3.0% 3.0% 3.4% 3.2% 4Q 23 1Q 24 2Q 24 3Q 24 4Q 24 5.2%5.6%5.5% 6.0%6.2% 4.0%4.1% 3.5%3.5%3.6% 3.8%3.8%3.1%3.0%3.1% 2.9%2.9%2.8%2.5%2.6% 4Q 243Q 242Q 241Q 244Q 23 Farmers Institutional Customer loans total Institutional Customer loans excl. Farmers Leasing 1,5391,5831,2641,2141,224 405448 437463479 288302 306305313 427472 455498468 188188 178156157 2,8472,992 2,6402,6362,641 4Q 243Q 242Q 241Q 244Q 23 Leasing Other retail loans Retail mortgages Loans to Farmers Insitutional Customer loans excl. Farmers -4.9% q/q+7.8% y/y NPL ratio for both loan portfolios in total (measured at fair value and at amortized cost) was 3.3% at the end of Q4 2024 Low NPL share in the loan portfolio Decrease in share of NPL on farmer portfolio as a result of NPL sales performed in Q4 2024 Low levels of NPL decrease resulting mainly from NPL sales and a stable level of entries to Stage 3 in Q4 2024 * NPL - category defined as loans in Stage 3 and POCI non-performing exposures in line with data presented in the Consolidated Financial statement. Data for the portfolio measured at amortised cost, unless otherwise stated.
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28F I N A N C I A L R E S U L T S Loan portfolio quality Share of each Stage in gross loan portfolio* Share of Stage 2 and POCI performing in gross loan portfolio* Provision coverage for gross loan portfolio - NPL* Provision coverage for gross loan portfolio – Stages 1 & 2 and POCI performing 86.0% 86.4% 86.8% 86.1% 86.1% 11.1% 10.6% 10.2% 10.5% 10.7% 3.0% 3.0% 3.0% 3.4% 3.2% 4Q 23 1Q 24 2Q 24 3Q 24 4Q 24 Stage 1 Stage 2 & POCI performing Stage 3 & POCI non-performing 6.2% 6.9% 6.8% 5.6% 6.0% 1.1% 1.1% 1.1% 1.0% 1.1% 0.4% 0.4% 0.4% 0.5% 0.5% 4Q 23 1Q 24 2Q 24 3Q 24 4Q 24 Coverage Stage 2 & POCI performing Coverage Stage 1 & 2 & POCI performing Coverage Stage 1 12.7% 12.1% 11.5% 12.0% 12.5% 11.1% 10.6% 10.2% 10.5% 10.7% 8.4% 8.2% 8.1% 8.0% 7.6% 4Q 23 1Q 24 2Q 24 3Q 24 4Q 24 Loans to institutional Customers Total gross loans Loans to individual Customers 64.6% 65.7% 65.2% 65.8% 67.0% 59.9% 60.5% 57.8% 54.5% 54.0%57.9% 58.2% 54.8% 50.6% 49.6% 4Q 23 1Q 24 2Q 24 3Q 24 4Q 24 Loans to individual Customers Total gross loans Loans to institutional Customers Stable loan portfolio quality, adequate provision coverage ratios Decrease in coverage in the NPL portfolio related to realised NPL sales. The fall is partially compensated by an increase in coverage in the individual customers portfolio related to update of the LGD model. * NPL - category defined as loans in Stage 3 and POCI non-performing exposures in line with data presented in the Consolidated Financial statement. Data for the portfolio measured at amortised cost, unless otherwise stated. Decrease of Stage 2 share in the individual customers portfolio related to a review of fragile customers portfolio (including clients benefiting from credit holidays), while increase in Stage 2 share in the institutional portfolio.
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29F I N A N C I A L R E S U L T S Capital adequacy Improvement of capital position due to capital bonds issue (AT1) TCR Total risk exposure amount (PLN billion) x Tier 1 x Total risk exposure amount (PLN billion) 14.9 14.9 15.3 15.1 16.0 16.67% 16.84% 17.20% 16.59% 17.20% 11.43% 11.43% 11.43% 11.43% 11.00% 4Q 23 1Q 24 2Q 24 3Q 24 4Q 24 Total own funds TCR (reported) TCR (regulatory requirement) 89.6 88.4 89.1 91.3 92.8 11.2 11.3 11.8 11.8 12.2 12.51% 12.77% 13.24% 12.97% 13.80% 9.43% 9.43% 9.43% 9.43% 9.00% 4Q 23 1Q 24 2Q 24 3Q 24 4Q 24 Tier 1 capital Tier 1 (reported) Tier 1 (regulatory requirement) 89.6 88.4 89.1 91.3 92.8 +53 bps y/y +129 bps y/y TCR and Tier 1 above the minimum regulatory requirement as at the end of Q4 2024: +6.2 pp and +4.8 pp, respectively Increase in the risk exposure amount due to the credit risk. Increase in own funds among others due to the issuance of capital bonds with a value of PLN 650 million (PFSA consent to qualify the capital bonds as AT1 as of year end 2024). Specific regulatory requirements for the Bank at the end of Q4 2024: • no capital requirement for FX loans, • OSII buffer at 0.50% - the PFSA decision of 6 December 2024, • no additional capital add-on (P2G) - the PFSA decision of 16 December 2024. MREL-TREA ratio as of the end of Q4 2024 (22.83%) above the minimum MREL requirement (19.02% including the combined buffer requirement). Recommendation of the Management Board for a dividend payout of ~50% of the 2024 net profit - DPS: PLN 7.86, dividend date: 22.04.2025 dividend payout date: 9.05.2025
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Summary & Outlook 0404
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31S U M M A R Y & O U T L O O K Medium-term outlook Execution of the strategic priorities of the Bank while addressing the sector-wide challenges. Expected improvement in economic outlook MACROECONOMIC ENVIRONMENT THREATS AND CHALLENGES FOR THE BANKING SECTOR PRIORITIES OF THE BANK • Legal risk of the CHF mortgage loan portfolio. Possible further regulatory interventions putting burden on sector results • Low demand for loans in relation to the deposit growth rate • Strong market competition. Business models influenced by unfavorable demographic trends and the prospect of falling interest rates • Increase in acquisition of active Customers and their satisfaction level particularly in retail banking • Capital efficient growth in lending • Supporting sustainable transformation of companies in Poland • Growing use of AI in business and operational processes • Initiatives supporting operational efficiency • Geopolitical risks: dangers related to the reconstruction of the global security architecture and its impact on the economy • GDP growth at the level of <4% in 2025 supported by increased inflow of EU funds. Unemployment remaining at very low level • Inflation still above the Central Bank target translating to a slower pace of monetary easing • Reference rate cuts expected in second half of 2025 LAST YEAR OF GOBEYOND STRATEGY REALIZATION – CONCENTRATION ONACQUISITION AND BUILDING CUSTOMER RELATIONSHIPS. WELL ON TRACK TO MEET THE STRATEGIC GOALS
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Business activities 0505
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33B U S I N E S S A C T I V I T I E S 4.0 millionRetail and Business Banking & Personal Finance Acquisition of Individual Customers Sale of personal accounts thous. Sale of cash loans Sale of investment products* PLN m PLN m Retail Customers 52.2 79.0 99.6 4Q 23 3Q 24 4Q 24 40.6 60.0 56.6 36% 28% 32% 4Q 23 3Q 24 4Q 24 share of digital sales (E2E) 798 936 882 21% 16% 15% 4Q 23 3Q 24 4Q 24 share in digital sales (E2E) 2,422 2,590 2,694 63% 77% 78% 4Q 23 3Q 24 4Q 24 share in digital sales (E2E) +26% q/q+91% y/y -6% q/q+39% y/y +11% y/y -6% q/q +4% q/q+11% y/y -184 thous. -85 thous. -4.4% y/y -2.1% q/q Individual Customer acquisition and customer satisfaction growth. Further increase in sales of investment products and mortgage loans Business development Customer satisfaction – change q/q Product offer/ Transformation Digitalization Deposits – change in balance q/q: PLN +5.3 bn, -7.9% (+9.9% y/y) Loans – change in balance q/q: PLN -0.5 bn, -1.1% (-4.1% y/y) Sales – value in Q4, change q/q || y/y • Personal account: 56.6 thous., -6% || +39% • Mortgage loan: PLN 0.5 bn, +70% || +491% • Credit card: 6.9 thous., -3% || -1% • Cash loan: PLN 0.9 bn, -6%, || +11% • Micro loan (incl. leasing): PLN 0.8 bn, +14%, || -47% • Investment products*: PLN 2.7 bn, +4% || +11% NPS in contact channels increase • NPS chat: 19 (+23 points) • NPS GOonline: 33 (+5 points) • NPS branches: 84 (+4 points) Cash loan (Micro): 36 (+11 points) Credit card: 46 (+7 points) Relational NPS In Q4 2024: • 16.7 million BLIK transactions: +8% q/q || +29% y/y • 84.5 million logins to mobile banking: +4% q/q || +10% y/y Digital sales share in total sales of key products: • number of cash loans: 46% in Q4 2024 vs 48% in Q3 • number of investment products*: 78% in Q4 2024 vs 77% in Q3 New functionalities in remote banking: • GOonline – linking and filtering card transaction history, sharing the application for a Visa Filmowa card, tips on updating contact details, information on car loan insurance • GOmobile – paying off the card and instalments using BLIK, launching the purchase and sale of investments. Safe QR code app activation of the application on another device New products for the customer and continuation of promotional offers: • Promotional savings account offer: 8% up to PLN 25 thous. • Account open to you - promotional offer of the account for kids - Samodzielniak • Envirly - a carbon footprint calculator available for microentrepreneurs free of chargé since 1 July 2024 • VISA Filmowa and VISA tennis card with discounts and benefits from partners • Account with a card for influentials as part of the #wpływowi (influentials) campaign Precious moments Programme – card transactions rewarded with points that can be exchanged for vouchers up to PLN 400 thous. * Investment funds, investment deposits and structured certificates Customer Journey NPS increase: • I want to be rewarded for my bank loyalty: 38 (+10 points) Personal account: 38 (+6 points) 3rd position in the ranking of banks for affluent clients
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34B U S I N E S S A C T I V I T I E S Net loan portfolio* [PLN million] Deposit portfolio* [PLN million] Retail and Business Banking & Personal Finance Gross profit/loss structure [PLN million] Segment's share in the Group's net banking income 3,683 (2,029) (54) (1,978) (172) (550) 3,877 (2,152) (1) (796) (185) 743 Net banking income Operating costs Cost of risk CHF provisions Banking tax Gross profit/loss 12M 23 12M 24 50% +5% y/y +6% y/y -97% y/y -60% y/y +7% y/y -235% y/y ( +17% y/y ) -4.1% y/y -1.1% q/q +9.9%y/y +7.9% q/q Improvement of gross result as a result of NBI growth, lower impact of legal risk of CHF loan portfolio and low cost of credit risk Gross profit in 2024 w/o the impact of the CHF portfolio legal risk and the impact of credit holidays would equal PLN 1,608 million vs PLN 1,372 million in 2023 * Due to the 2024 re-segmentation, the data for 2023 have been presented in comparative terms. Data starting from 31 December 2023 take into account the implementation of IFRS 9 in the presentation of the loan portfolio (mortgage loans in CHF). 11,061 11,106 11,225 11,292 11,345 5,015 4,839 4,669 4,588 4,503 3,613 3,677 3,977 4,092 3,935 21,691 21,084 20,442 20,276 19,925 1,993 1,975 1,910 1,821 1,895 872 850 849 850 826 44,244 43,532 43,072 42,918 42,430 4Q 23 1Q 24 2Q 24 3Q 24 4Q 24 Credit cards Lease receivables Retail estate financing loans Overdraft facilities Investment loans Consumer loans ad other loans 30,613 30,533 31,698 31,410 32,888 9,356 10,333 10,418 10,788 12,747 25,764 25,225 24,873 24,524 26,499 422 393 525 641 55866,155 66,485 67,513 67,364 72,692 4Q 23 1Q 24 2Q 24 3Q 24 4Q 24 O/N deposits Term deposits Savings accounts Current accounts
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35B U S I N E S S A C T I V I T I E S 22.4 thous.12.2 thous. SME Customers Corporate CustomersCorporate & SME Banking - 1.2…+ 0.2 thous., - 0.1 thous., +1.5% y/y -0.6% q/q - 1.2 thous., - 0.4 thous., -5.1% y/yFocus on addressing Customers’ needs and service quality, further growth of transactionality Transformation and digitalization • Further increase in income: Corporate Banking +1.2% q/q (+7.9% y/y); SME Banking -3.4% q/q (+11.9% y/y) • Growth y/y of loan volumes with a slight q/q decrease in Corporate Banking: -1.1% q/q (+4.2% y/y); decrease in SME: -4.7% q/q, -10.2% y/y; significant increase of volumes in Structured Finance +22% y/y • Positive development of the sustainable loan portfolio: the total portfolio at the end of 2024 PLN 7.5 billion, i.e. +8.0% y/y • Leasing sales (new volume in Q4 2024): for Corporate Clients PLN 213 million (+18% q/q, -26% y/y); for SME Clients PLN 147 million (+25% q/q, -1% y/y) • Increase in revenues from Trade Finance business: +1% q/q, +13% y/y • Leasing revenues: -12% q/q, +11% y/y • Dynamic growth in the number of term deposits opened in GOonline Biznes: 66.5 thous. in 2024, i.e. +29% y/y • Implementation of an integrated onboarding model within the BNP Group for new International Clients starting a relationship with the Group's banks in many countries simultaneously • Continued development of the GO Biznes ecosystem: a new card module in GoOnline Biznes, changes and new functionalities in payments, including SWIFTgpi for outgoing foreign payments, expansion of Express Eliksir to 24/7/365 mode • Implementation of a new centralized KYC process for SME and Corporate Clients with revenues up to PLN 600 million • Further changes in the credit workflow for SME and Corporate Clients - covering credit applications for farmers with a new process Business development Selected significant transactions carried out in Q4 2024 Cash management - maintaining the level of cross-selling and transactionality Revenues Revenues +3% y/y +0% q/q +18% y/y +14% q/q Foreign exchange transactions – significant increase of revenues from foreign exchange transactions -1.9% q/q 4Q 23 3Q 24 4Q 24 4Q 23 3Q 24 4Q 24
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36B U S I N E S S A C T I V I T I E S Segment's share in the Group's net banking income Corporate Banking Gross profit/loss structure [PLN million] Net loan portfolio* [PLN million] Deposit portfolio* [PLN million] 2,149 (572) 43 (114) 1,506 2,319 (676) (206) (125) 1,311 Net banking income Operating costs Cost of risk Banking tax Gross profit/loss 12M 23 12M 24 +8% y/y +18% y/y -575% y/y +10% y/y -13% y/y 17,012 16,772 17,371 17,262 17,137 8,698 9,677 9,326 9,953 9,682 1,986 1,958 1,985 1,882 1,927125 108 182 213 24227,822 28,516 28,864 29,311 28,988 4Q 23 1Q 24 2Q 24 3Q 24 4Q 24 Factoring & other loans Lease receivables Overdraft facilities Investment loans +4.2% y/y -1.1% q/q 33,289 25,752 26,705 26,499 31,522 7 7 10 5 2 9,377 15,001 13,253 11,357 9,067 362 317 733 558 368 43,035 41,076 40,701 38,419 40,960 4Q 23 1Q 24 2Q 24 3Q 24 4Q 24 O/N deposits Term deposits Savings accounts Current accounts -4.8% y/y +6.6% q/q 30% * due to the 2024 re-segmentation, the data for 2023 have been presented in comparative terms Improved NBI due to higher net interest income. Negative impact of increased operating costs and credit risk costs
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37B U S I N E S S A C T I V I T I E S Gross profit/loss structure [PLN million] Segment's share in the Group's net banking income SME Banking Net loan portfolio* [PLN million] Deposit portfolio* [PLN million] 739 (343) 7 (26) 377 826 (359) 1 (26) 441 Net banking income Operating costs Cost of risk Banking tax Gross profit/loss 12M 23 12M 24 +12% y/y +5% y/y -93% y/y +1% y/y +17% y/y 3,372 3,190 3,082 2,997 3,006 2,795 2,847 2,797 2,912 2,602 654 572 555 516 515 6,821 6,609 6,435 6,424 6,123 4Q 23 1Q 24 2Q 24 3Q 24 4Q 24 Lease receivables Overdraft facilities and other credit facilities Investment loans -4.7% q/q-10.2% y/y 13,812 12,478 12,399 12,253 13,064 58 66 59 54 54 3,250 3,967 4,086 3,832 3,657 18 16 15 18 18 17,138 16,526 16,559 16,158 16,793 4Q 23 1Q 24 2Q 24 3Q 24 4Q 24 O/N deposits Term deposits Savings accounts Current accounts +3.9% q/q-2.0% y/y 11%Growth of the gross profit as a result of higher net interest income. Operating costs growth rate below NBI growth rate * due to the 2024 re-segmentation, the data for 2023 have been presented in comparative terms
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38B U S I N E S S A C T I V I T I E S Food & Agro Sector Loan portfolio gross, PLN billion 4.1 4.7 5.9 5.6 5.3 10.5 9.6 8.3 8.9 8.5 14.5 14.3 14.2 14.5 13.8 2020 2021 2022 2023 31.12.2024 farmer -4% vs 2023 processor -6% vs 2023 80.1… thous.80.1 thous. Food & Agro Customers Sales support actions and relations with Customers - active participation in industry events: Food & Agro volumesBusiness development – new offer Development of relations with agricultural and food production market participants, support for sustainable transformation Initiatives implemented in 2024 • over 362 thous. unique users visiting the platform in 2024, • over 910 thous. visits in 2024 • Investment loan with an interest subsidy, secured by an Agromax guarantee from the Fund for Agricultural Guarantees Plus • Introduction of a new „Kredyt Elastyczny” overdraft facility for Micro Clients • Autumn crop insurance sales campaign - 1.85 thousand policies were concluded for a total premium amount - PLN 16.5 million. • Food&Agro Conference - the XIXth edition with the key topic ”Human with AI - a symphony of the future” • AGRO SHOW in Bednary - the largest exhibition of agricultural machinery in Europe • “The agri-food sector in the face of the challenges of green transition” - co-organization of the conference with the Euro-Most Foundation, about 250 companies from the Food & Agro sector • Business Breakfasts - organization of 12 meetings titled “Agriculture of the Future vs. Climate Change” on regenerative agriculture, conducted by the Bank's Experts and invited guests (above 500 participants) • ”National Challenges in Agriculture” Forum (more than 1,000 participants) Corporate 30% SME 26% Micro 44% Corporate 36% SME 29% Micro 35% 31.12.2024 PLN 13.8 bn -4.8% vs 2023 PLN 11.7 bn +1.3% vs 2023 LOANS DEPOSITS * due to the 2024 re-segmentation, the data for 2023 have been presented in comparative terms • Field Card - a new tool, developed in response to the needs of farmers, for reporting agrotechnical treatments, purchase, sales and cost data, with the ability of generating reports. The first version of the tool was presented at the largest agricultural fair AGRO SHOW • Expansion of the ESG materials section - publication of materials related to reporting environmental and social impact in accordance with the CSRD directive for the food production value chain. • Use of the Agronomist portal at the Bank - a tool available to business advisors in GOone 2024
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39B U S I N E S S A C T I V I T I E S Bank subsidiaries Assets under management of BNPP TFI [PLN million] Leasing assets [PLN million] 5,157 6,117 6,894 7,631 8,198 31.12.23 31.03.24 30.06.24 30.09.24 31.12.24 Short-term debt securities funds Debt funds Mixed funds Stock funds Defined date funds (Employee Capital Plan) 6,409 6,631 6,788 6,838 6,940 31.12.23 31.03.24 30.06.24 30.09.24 31.12.24 +7.4% q/q +59.0% y/y +1.5% q/q +8.3% y/y BNP Paribas Towarzystwo Funduszy Inwestycyjnych S.A. BNP Paribas Leasing Services Sp. z o.o. Positive impact of favourable trends on the debt securities market on TFI activities and assets growth in 2024. Further growth of leasing assets • The value of assets under management at the end of Q4 2024 amounted to PLN 8.2 billion. In this period, the value of assets of capital market investment funds in Poland increased by 1.4%. • BNPP Globalny Strategii Dłużnych Uniwersalny (in both Q4 and 2024) was the 4 th most popular subfund on the market, with total net inflows of PLN 730 million in Q4. Since the beginning of the year, the subfund has increased its assets by over PLN 2 billion and is currently the 4th largest subfund in Poland applying a policy based on ESG criteria. • The market share of BNP Paribas TFI S.A. (asset value of capital market funds) amounted to 3.11% at the end of Q4 2024. BNPP Leasing Services Sp. z o. o. in cooperation with the Bank offers a full range of leasing products to Personal Finance, micro-enterprises, SMEs and Corporate Customers. • 22 thous. contracts concluded for the amount of PLN 4.0 billion at the end of 2024 – increase in value by 7% y/y. • Record level of the portfolio of financed assets of PLN 6.9 billion at the end of 2024. • Very good sales results in the Strategic Customers segment and Personal Finance. • Focus on further improvement of the efficiency of the portfolio servicing process.
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Appendices 0606 Shares of BNP Paribas Bank Polska S.A. Material events 2022-2024 Loan portfolio Deposit base structure Liquidity Net banking income Profit and Loss Account Assets, Liabilities and Equity
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41A P P E N D I C E S Change in share price (30.12.2023=100%) Fitch rating Long-Term Issuer Default Rating (LT IDR) – A+ Short-Term Issuer Default Rating (ST IDR) – F1 Viability Rating (VR) – bbb- Shareholder Support Rating (SSR) – a+ total number of shares BNP Paribas BNP Paribas Fortis Others Free float Shares of BNP Paribas Bank Polska S.A. ISIN code: PLBGZ0000010 GPW ticker: BNP Index: mWIG40, mWIG40TR Book value per share (BVPS) [PLN, at the end of the quarter] 24.01% 57.26% 18.72% -20% 0% 20% 40% 60% 30.12.23 30.01.24 29.02.24 31.03.24 30.04.24 31.05.24 30.06.24 31.07.24 31.08.24 30.09.24 31.10.24 30.11.24 31.12.24 104.2 96.8 92.191.3 87.188.9 85.4 81.2 76.375.876.277.0 82.682.482.181.680.2 4Q 243Q 242Q 241Q 244Q 233Q 232Q 231Q 234Q 223Q 222Q 221Q 224Q 213Q 212Q 211Q 214Q 20 12,345.9 pts +11.6% y/y -0.5% y/y 85.2 PLN 147,799,870 Continued growth of BVPS, significantly above the share price 30 December 2024 free-float: PLN 2.4 bn P/BV: 0.82 capitalization: PLN 12.6 bn Shareholder structure (31.12.2024) On 5 April 2024, the Bank's share capital was increased from PLN 147,676,946 to PLN 147,799,870 as a result of taking up of 44,608 M series shares and 78,316 N series shares in the exercise of rights attached to the A4 and B1 series registered subscription warrants, taken up previously. On 14 March 2024, package transactions were concluded due to the completion of accelerated book building (ABB) regarding the sale of 8,860,616 shares of the Bank by BNP Paribas SA. 18.72%
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42A P P E N D I C E S in individual reporting periods Material events • PLN -188.0 m IPS costs • PLN -139.7 m CHF mortgage loan portfolio legal risk impact • PLN -965.0 m impact of credit holidays (recognized in NII) • PLN -134.0 m CHF mortgage loan portfolio legal risk impact • PLN -29.0 m costs related to the necessity to reimburse Customers for additional fees incurred until the mortgage is established • PLN +70.0 m adjustment to the impact of credit holidays (recognized in NII) • PLN -383.3 m CHF mortgage loan portfolio legal risk impact • PLN -58.2 m costs related to the Borrowers’ Support Fund contribution • PLN -125.9 m contribution for the restructuring fund of BGF (PLN -151.7 m the whole BGF charge) • PLN -83.0 m CHF mortgage loan portfolio legal risk impact • PLN +11.0 m adjustment to the impact of credit holidays (recognized in NII) • PLN -234.4 m CHF mortgage loan portfolio legal risk impact • PLN -110.0 m BGF restructuring fund contribution recognized in the Q1 2023 costs (total contribution amount set by BGF at PLN 123.9 m) • PLN +11.0 m adjustment to the impact of credit holidays (recognized in NII) • PLN -356.0 m CHF mortgage loan portfolio legal risk impact • PLN +11.0 m adjustment to the impact of credit holidays (recognized in NII) • PLN -371.0 m CHF mortgage loan portfolio legal risk impact • PLN +22.7 m adjustment to the impact of credit holidays (recognized in NII) • PLN -1,016.8 m CHF mortgage loan portfolio legal risk impact • PLN -22.1 m costs of a restructuring provision for the process of group layoffs 2023 2022 2024 • PLN -21.0 m CHF mortgage loan portfolio legal risk impact • PLN -135.7 m BGF restructuring fund contribution recognized in the Q1 2024 costs (total contribution amount set by BGF at PLN 144.0 m) 1st quarter 2nd quarter 3rd quarter 4th quarter • PLN -189.8 m CHF mortgage loan portfolio legal risk impact • PLN -203.0 m impact of credit holidays (recognized in NII) • PLN +135.5 m impact of DTA creation (CHF portfolio legal risk) • PLN -277.2 m CHF mortgage loan portfolio legal risk impact • PLN +99.6 m adjustment to the impact of credit holidays (recognized in NII) • PLN -307.7 m CHF mortgage loan portfolio legal risk impact • PLN +34.0 m adjustment to the impact of credit holidays (recognized in NII)
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43A P P E N D I C E S Institutional Customer loans** [PLN million] Individual Customer loans [PLN million] Loan portfolio 21,146 20,610 20,053 19,959 19,780 840 768 683 618 427 4,207 4,137 4,074 4,087 4,164 8,218 8,323 8,481 8,566 8,487 34,411 33,838 33,290 33,229 32,858 31.12.23 31.03.24 30.06.24 30.09.24 31.12.24 Cash loans Other loans to individual customers* FX mortgage PLN mortgage 39,943 40,458 40,413 41,248 40,710 8,422 8,296 8,431 8,506 8,232 6,023 6,178 6,383 6,444 6,520 58 58 64 65 68 54,446 54,991 55,290 56,264 55,529 31.12.23 31.03.24 30.06.24 30.09.24 31.12.24 Public sector Leasing Farmers Enterprises -4.5% y/y -1.1% q/q +2.0% y/y -1.3% q/q • Further q/q decrease in the PLN mortgage portfolio as a result of still relatively low sales of new loans. Decline in the value of CHF mortgages (-31.9% q/q, -50.2% y/y) primarily due to the impact of the legal risk recognized as a reduction of gross value. • The share of mortgages in loans to Individual Customers amounts to 61.5% (-0.4 pp q/q, -2.4 pp y/y). • Decrease in the cash loan portfolio -0.9% q/q (+3.3% y/y). Structure of loans in Individual and Institutional Customer segments * Inter alia: car loans, instalment loans, overdraft facilities, credit cards ** including the portfolio measured at fair value for “Farmers” and "Enterprises” items (breakdown based on MIS data) • Decrease in gross loans to enterprises (-1.3% q/q, +1.9% y/y). Positive dynamics of the leasing portfolio +1.2% q/q (+8.2% y/y). • Decrease in the individual farmers gross portfolio -3.2% q/q (-2.3% y/y). The share of the portfolio in loans to Institutional Customers stood at 14.8% (-0.3 pp q/q, -0.6 pp y/y). • At the end of Q4 2024, the share of loans to enterprises in loans to Institutional Customers was equal to 73.3% (+0.0 pp q/q, -0.1 pp y/y), the share of leasing amounted to 11.7% (+0.3 pp q/q, +0.7 pp y/y).
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44A P P E N D I C E S Deposit structure by Customer type [PLN million]Deposit term structure [PLN million] Deposit base structure 84,598 76,544 78,538 78,204 86,302 41,054 46,885 45,553 42,829 43,070 1,062 951 1,022 1,065 1,103 126,714 124,380 125,112 122,098 130,475 31.12.23 31.03.24 30.06.24 30.09.24 31.12.24 Other liabilities Term deposits Current accounts 50,355 51,164 51,388 51,285 55,184 69,515 65,064 65,851 63,266 67,636 2,388 4,160 3,616 3,766 3,336 4,456 3,992 4,256 3,781 4,318 126,714 124,380 125,112 122,098 130,475 31.12.23 31.03.24 30.06.24 30.09.24 31.12.24 Farmers Public sector Enterprises Individual customers 68.1% 69.3% 68.8% 71.2% 65.8% net loans / deposits 3.0% y/y +6.9% q/q +3.0% y/y +6.9% q/q • In Q4 2024, deposits from Individual Customers increased by 7.6% q/q (+9.6% y/y), from farmers by 14.2% q/q (-3.1% y/y) and from enterprises by 6.9% q/q (-2.7% y/y). Deposits from the public sector decreased by 11.4% q/q (+39.7% y/y). Term structure of deposits and by Customer segments • Increase in the share of Customers' current accounts in total deposits: 66.1% at the end of Q4 2024 (+2.1 pp q/q, -0.6 pp y/y). • In Q4 2024, both term and current deposits increased by PLN 8,098 million (+10.4% q/q) and PLN 241 million (+0.6% q/q), respectively. • In the case of current deposits, the portfolio of Institutional Customers increased by PLN 5,815 million (+11.4% q/q) and current accounts of Individual Customers increased by PLN 2,283 million (+8.3% q/q). • Term deposits of Institutional Customers decreased by PLN 1,371 million (-7,0% q/q), and term deposits of Individual Customers increased by PLN 1,612 million (+6.9% q/q).
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45A P P E N D I C E S Liquidity Stable and diversified deposit base, growing level of liquid assets Customer deposits [PLN million] Securities [PLN million] Share in total liabilities & equity Share in total assets Customer deposits structure [%] Securities structure [%] LCR [%]x 66.8% 61.5% 62.8% 64.1% 66.1% 32.4% 37.7% 36.4% 35.1% 33.0% 0.8% 0.8% 0.8% 0.9% 0.8% 31.12.23 31.03.24 30.06.24 30.09.24 31.12.24 Current accounts Term deposits Other liabilities 60.8% 63.0% 62.6% 62.1% 58.1% 0.7% 0.7% 0.6% 0.6% 0.6% 38.5% 36.3% 36.7% 37.3% 41.3% 31.12.23 31.03.24 30.06.24 30.09.24 31.12.24 Securities measured at amortised cost Securities measured at FV through P&L Securities measured at FV through OCI +6.9% q/q +3.0% y/y +15.7% q/q +29.1% y/y 239.1 234.3 225.4 217.5 238.4 200.0 250.0 43,172 45,687 46,934 48,165 55,713 26.8% 28.8% 29.4% 30.3% 33.3% 31.12.23 31.03.24 30.06.24 30.09.24 31.12.24 126,714 124,380 125,112 122,098 130,475 78.7% 78.3% 78.4% 76.8% 77.9% 31.12.23 31.03.24 30.06.24 30.09.24 31.12.24 152.8 151.6 156.5 145.3 159.8 100.0 200.0 NSFR [%]x
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46A P P E N D I C E S Net banking income [PLN million] 12M 20 24 12M 20 23 c hange Net interest income 5,741 5,225 9.9% Net fee and commission income 1,264 1,211 4.4% Net trading income 841 951 (11.6%) Net investment income 14 (23) - Dividends 13 11 20.8% Hedging accounting 2 (31) - Result arising from the derecognition (12) 4 - Other operating income and expenses (111) (65) 69.1% Net banking income 7,753 7,283 6.5% [PLN million] Q 4 20 24 Q 4 20 23 c hange Net interest income 1,540 1,421 8.4% Net fee and commission income 330 291 13.3% Net trading income 201 194 3.6% Net investment income 7 (23) - Dividends 2 0 645.7% Hedging accounting 3 (14) - Result arising from the derecognition (9) 0 - Other operating income and expenses (58) (45) 30.7% Net banking income 2,016 1,826 10.4% Net interest income as a significant factor of net banking income growth • Increase in net interest income y/y due to higher income on securities and reverse repo transactions and an improvement in income on derivatives as part of hedge accounting (lower negative impact). Decrease in interest income on loans as a result of lower average interest rates, partially offset by lower cost of Customer deposits. Negative impact of credit holidays PLN -69 million in 2024 (PLN -125 million y/y). Net interest income w/o credit holidays impact would be higher by 12.4% y/y. • Higher y/y net fee and commission income due to higher commissions in the banking card area, asset management and brokerage operations and other commissions despite lower income from credit and guarantee activities. • Decrease in net trading income, among others due to lower margin on currency and derivative transactions with Customers and lower result on financial instrument transactions in the ALMT and CIB area. • Excluding credit holidays impact, net banking income in 2024 would be 8.2% higher than the results in 2023. • Higher net interest income in Q4 2024 vs. Q4 2023 due to higher net interest income on securities and improved net interest income on derivatives as part of hedge accounting. Impact of credit holidays in the amount of PLN +34.0 million (Q4 2023: PLN +22.7 million). Without this impact, the result would be higher by 7.7%. • Higher net fee and commission income as a result of higher income in all areas of activities, except credit activities. • Increase in trading income primarily due to higher margin on currency and derivative transactions and higher result on financial instrument transactions in the CIB area • Excluding credit holidays impact, net banking income in Q4 2024 would be 9.9% higher than the result in Q4 2023. -
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47A P P E N D I C E S Consolidated P&L PLN thous. Profit and loss account 31.12.2024 31.12.2023 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Interest income 10,245,083 9,827,260 2,652,941 2,738,737 2,347,687 2,505,718 2,557,190 Interest expenses (4,504,077) (4,601,833) (1,112,840) (1,159,351) (1,128,144) (1,103,742) (1,135,800) Net interest income 5,741,006 5,225,427 1,540,101 1,579,386 1,219,543 1,401,976 1,421,390 Fee and commission income 1,542,772 1,472,599 393,070 382,069 364,707 402,926 358,916 Fee and commission expenses (279,096) (261,637) (63,199) (70,834) (77,222) (67,841) (67,815) Net fee and commission income 1,263,676 1,210,962 329,871 311,235 287,485 335,085 291,101 Dividend income 13,147 10,881 2,319 5,476 4,566 786 311 Net trading income 840,882 950,781 201,064 225,518 201,047 213,253 194,118 Net investment income 14,374 (23,028) 7,352 (1,767) 4,960 3,829 (22,876) Result on hedge accounting 1,946 (30,939) 2,774 (6,389) 440 5,121 (14,073) Result on derecognition of financial assets measured at amortized cost due to significant modification (11,569) 4,190 (8,944) 180 (2,114) (691) 468 Other operating income 214,381 162,132 63,371 44,179 57,049 49,782 64,427 Net allo wances o n expected cr edit lo sses o f financial assets and pr o visio ns fo r co nting ent liabilities (246 ,192) (34,36 9) (5 9,28 4) (98 ,8 23) 8 ,28 0 (96 ,36 5 ) (74,349) Resu lt o n leg al r isk r elated to fo r eig n cu r r ency lo ans (795 ,728 ) (1,978 ,0 8 6 ) (30 7,710 ) (277,246 ) (18 9,772) (21,0 0 0 ) (1,0 16 ,8 26 ) Gener al adm inistr ative expenses (2,8 37,35 9) (2,6 38 ,799) (70 7,349) (6 5 9,348 ) (6 75 ,38 9) (795 ,273) (70 6 ,5 14) Depr eciatio n (5 14,45 0 ) (45 6 ,736 ) (132,8 5 1) (127,78 1) (128 ,0 14) (125 ,8 0 4) (117,279) Other operating expenses (325,127) (302,404) (121,802) (59,356) (78,984) (64,985) (109,148) Operating result 3,358,987 2,174,808 808,912 935,264 709,097 905,714 (89,250) Tax on financial institution (404,971) (411,653) (100,946) (99,414) (99,412) (105,199) (107,476) Gross profit (loss) 2,954,016 1,763,155 707,966 835,850 609,685 800,515 (196,726) Income tax (595,748) (750,609) (198,808) (200,306) 13,293 (209,927) (183,839) NET PROFIT (LOSS) 2,358,268 1,012,546 509,158 635,544 622,978 590,588 (380,565)
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48A P P E N D I C E S Assets PLN thous. Consolidated statements of financial position 31.12.2024 30.09.2024 30.06.2024 31.03.2024 31.12.2023 ASSETS Cash and balances with the Central Bank 11,325,551 9,803,988 8,103,037 6,991,447 6,883,586 Amounts due from banks 7,872,375 7,456,430 12,022,413 13,390,827 17,963,948 Derivative financial instruments 2,440,116 2,748,414 2,870,033 2,998,009 3,146,745 Adjustment of fair value of the hedging and hedged item 230,658 145,256 126,830 108,751 94,496 Loans and advances to customers valued at amortized cost 85,401,516 86,397,264 85,488,299 85,572,554 85,594,516 Loans and advances to customers valued at fair value through P&L 452,506 497,128 547,489 593,189 653,582 Securities valued at amortized cost 32,364,550 29,899,026 29,386,244 28,784,864 26,246,278 Securities valued at fair value through P&L 321,434 307,723 304,580 308,228 291,351 Securities valued at fair value through the other comprehensive income 23,027,454 17,958,410 17,243,568 16,593,785 16,634,303 Intangible assets 975,114 932,012 916,071 916,565 936,024 Property, plant and equipment 946,971 915,889 954,049 979,966 959,923 Deferred income tax assets 859,567 837,411 844,943 653,839 766,504 Current income tax assets 1,515 3,579 73 1,294 4,730 Other assets 1,320,262 1,052,439 733,618 946,801 849,761 TOTAL ASSETS 167,539,589 158,954,969 159,541,247 158,840,119 161,025,747
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49A P P E N D I C E S Liabilities and equity PLN thous. Consolidated statements of financial position 31.12.2024 30.09.2024 30.06.2024 31.03.2024 31.12.2023 LIABILITIES Amounts due to the Central Bank - - - - - Amounts due to other banks 9,994,802 9,348,079 8,739,660 8,699,284 9,059,394 Adjustment of fair value of the hedging and hedged item 260,025 244,061 1,703 (55,830) (7,365) Derivative financial instruments 2,311,741 2,566,291 2,578,234 2,846,443 2,865,275 Amounts due to customers 130,924,754 122,547,902 125,565,489 124,837,420 127,174,831 Subordinated liabilities 3,420,128 4,302,463 4,298,870 4,291,446 4,336,072 Leasing liabilities 606,306 592,256 621,443 640,813 626,269 Other liabilities 2,296,756 2,904,221 2,357,871 2,508,485 2,191,890 Current income tax liabilities 361,641 258,587 129,287 44,331 376,736 Provisions 1,969,380 1,884,027 1,639,640 1,541,342 1,541,370 TOTAL LIABILITIES 152,145,533 144,647,887 145,932,197 145,353,734 148,164,472 EQUITY Share capital 147,800 147,800 147,800 147,677 147,677 Supplementary capital 9,155,136 9,156,939 9,110,976 9,110,976 9,110,976 Other reserve capital 4,042,815 4,041,597 4,040,016 3,527,091 3,525,056 Capital bonds 650,000 - - - - Revaluation reserve (540,845) (470,022) (530,929) (532,929) (566,754) Retained earnings 1,939,150 1,430,768 841,187 1,233,570 644,320 retained profit (419,118) (418,342) (372,379) 642,982 (368,226) net profit for the period 2,358,268 1,849,110 1,213,566 590,588 1,012,546 TOTAL EQUITY 15,394,056 14,307,082 13,609,050 13,486,385 12,861,275 TOTAL LIABILITIES AND EQUITY 167,539,589 158,954,969 159,541,247 158,840,119 161,025,747
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50A P P E N D I C E S • This presentation constitutes neither a sales offer nor an invitation to submit an offer to purchase or buy securities or financial instruments issued by BNP Paribas Bank Polska S.A. (“Bank”), nor any advice or recommendation with respect to the securities or other financial instruments issued by the Bank. • This presentation may include forward-looking statements, future plans, perspectives and strategies, or intended events. The above statements cannot be treated as forecasts of the Bank or assurances regarding the expected performance of the Bank, as they have been drawn up on the basis of expectations, projections and data concerning future events. • The expectations of the Bank are based on the current knowledge, experience and opinions of the Management Board of the Bank, depending on a number of factors which may result in the actual results achieved in the future being significantly different from the statements included herein. • The Bank shall have no obligation to update or publicly announce any changes and modifications with respect to any claims concerning the future included herein. • Neither the Bank nor any of its representatives, parent entities or subsidiaries shall be liable for any damage resulting from any use hereof or any information contained herein or otherwise in connection herewith. • This presentation is not intended for publication or distribution in any countries where such publication or distribution may be prohibited in accordance with applicable laws. • The presented data applies to the BNP Paribas Bank Polska S.A. Group. Disclaimer
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Investor Relations Bureau 2 Kasprzaka Street, 01-211 Warsaw relacjeinwestorskie@bnpparibas.pl www.bnpparibas.pl/en/investor-relations BNP Paribas Bank Polska Spółka Akcyjna, with its registered office in Warsaw at ul. Kasprzaka 2, 01-211 Warsaw, entered into the Register of Entrepreneurs of the National Court Register (KRS) by the District Court for the capital city of Warsaw in Warsaw, 13th Commercial Division of the National Court Register, with KRS number: 0000011571, Tax Identification Number (NIP): 526-10-08-546, and a fully paid share capital of PLN 147,799,870. INVESTOR RELATIONS BNP PARIBAS BANK POLSKA S.A.