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Financial results and operations of the Bank Ochrony Środowiska Group in H1 2025 14 August 2025
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2 Business and financial performance Macroeconomic environment Appendices Key information1 2 3 4
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3 H1 2025 financial highlights of the BOŚ Group • Net profit came in at PLN 79.7 million vs PLN 50.2 million in H1 2024. • In H1 2025, the Bank’s net interest income improved by 0.4% and net fee and commission income rose by 2.2%. • Total assets grew to PLN 23.5 billion. • Total loans sold in H1 2025 amounted to PLN 2,785 million, up 45.3% yoy. • Sales of green loans totalled PLN 1,484 million, an increase of 55.8% yoy. PLN 79.7 million up 58.7% yoy Net interest income PLN 404 million up 0.4% yoy Net fee and commission income Net profit/(loss) PLN 79.7 million up 58.7% yoy PLN 65.1 million up 2.2% yoy Assets PLN 23.5 billion up 11.7% yoy Green loan sales PLN 1,484 million up 55.8% yoy Loan sales PLN 2,785 million up 45.3% yoy
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4 Value of green transactions closedPLN 32 billion PLN 62 billion Value of completed green projects financed by BOŚ S.A. Our track record in numbers(1991–2025)Green loan balance by strategic investment sectors [%] 4 % 20% 34% 36% 5% 6% Sustainable Construction Energy & Municipal Services Industry Transport & Logistics Other Green loan portfolio based on sustainable construction, energy and industry 49% 51% H1 2024 53% 47% H12025 Green loans Other 1,916 2,784 49% 51% 53% 47% Loan sales and share of green loans in the Group’s portfolio (PLN million)
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5 Key business initiatives BOŚ has joined KUKE’s green guarantee programme, broadening access to support for Poland’s green transition The new instruments help businesses finance their energy transition expenditures on the path to achieving climate neutrality. Green guarantees can secure up to 80% of the loan value. BOŚ – the only bank among operators of Ukraine Reconstruction Loan In March, BOŚ and BGK signed an agreement to implement a new financial instrument: the Ukraine Reconstruction Loan. As a financing partner, BOŚ will initially receive an allocation of PLN 70 million, which may be increased over time. Expanding ties with the cooperative banking sector – BOŚ leads a major consortium BOŚ has taken the lead in a consortium of 11 cooperative banks and one central cooperative bank to finance a renewable energy project in the Mazovia region. The Bank played a central role in designing and implementing the financing structure, demonstrating its ability to deliver complex transacti ons, bring partners together, and secure funding for large-scale green projects. The project marks BOŚ’s first collaboration of such scale with the cooperative banking sector. Strong momentum in municipal bonds The Bank will take part in a PLN 100 million bond issue planned by the City of Lublin in 2025. The proceeds will be used to cover the city’s planned 2025 budget deficit and refinance existing debt. Bond redemption is scheduled for 2031–2039. BOŚ to operate EU preferential loan programmes in Mazovia and Silesia In June, BOŚ signed an agreement with the European Investment Bank to administer loans under the European Funds for Mazovia 2021–2027 and European Funds for Silesia 2021–2027 programmes. More than PLN 517 million will be available for low-interest loans with partial principal forgiveness, supporting energy projects such as energy-efficient upgrades to public buildings and multi-family housing, enhancement of energy efficiency of businesses (involving the use of rene wable energy) and urban mobility. BOŚ and WFOŚiGW – supporting energy cooperatives In partnership with the Provincial Fund for Environmental Protection and Water Management in Wrocław, the Bank has launched a pilot programme to help local governments and residents improve energy security at the municipality and county level. This is one of the first initiatives in Poland t o combine local needs assessments, energy and financial expertise, and the implementation of renewable energy projects in line with the concept of civic, low-carbon economy. Following an agreement signed in February, the next step is the involvement of TAURON Dystrybucja, which as Distribution System Operator will help energy cooperatives reduce electricity costs for their members and strengthen local energy self-sufficiency.
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6 Changes in the product portfolio and marketing strategy New loan product – Pożyczka JST The new product provides local governments with an additional and flexible financing option. It can be used for a wide range of current needs, such as covering temporary budget shortfalls during the year, financing planned budget deficits, refinancing existing debt from bond issues and credit f acilities, or providing bridge financing for projects supported by EU funds. New Fee and Commission Tariff for corporate clients and new product packages for SMEs BOŚ has brought its pricing in line with market standards and refreshed the presentation of the Fee and Commission Tariff in the Corporate division. It has also introduced new product packages designed specifically for the newly created SME segment. Promotional financing offer for housing communities Loans for energy retrofitting and renovation projects with a BGK bonus for housing communities, loans with a BGK RES grant, a nd commercial investment loans for housing communities intended to finance green projects with public funding support. Cyfrowy Zysk mobile savings account Bank Ochrony Środowiska has launched a new savings account Cyfrowy Zysk which can be opened conveniently by new clients using the mobile app. Offering attractive interest rates, it provides a competitive alternative on the savings market. The entire account opening process is completed remotely in the BOŚBank24 app. Strengthening the mortgage offering BOŚ Bank has improved the pricing of its mortgage products, including green loans. As a result, our offer now ranks among th e top three on the market. Mortgage loans are a cornerstone for building long-term client relationships, and expanding the client base remains one of the key pillars of our str ategy. New marketing strategy In May, the Bank rolled out a new marketing strategy focused on attracting younger clients and reshaping its image as a modern institution. With sustainability embedded in the Bank’s DNA, communications are now centred on products that support the green transition. To this end, a new communication platform has been launched, with marketing slogans built around a wordplay on the Bank’s name BOŚ (“BOŚ TY wiatr zatrudnił”, “BOŚ TY wybrał zieloną stronę”, etc.) and a final message: “Benefits for YOU, benefits for the environment” (“Zyskasz TY i środowisko”). The strategy also introduces a refreshed approach to brand communication.
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7 Financial highlights
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8 Selected financial metrics Impact of CRR3 on capital adequacy Since 1 January 2025, the Bank has complied with Regulation (EU) 2024/1623 of the European Parliament and of the Council of 3 1 May 2024, amending the Capital Requirements Regulation (CRR). The decline in its capital ratios is primarily driven by the identification and higher risk weighting of exposures related to the financing of land acquisitions for develop ment purposes, as well as loans for property development and the construction of residential or commercial projects (so-called ADC exposures).
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9 BOŚ S.A. at a glance ‘BB–’ outlook stable Fitch rating • Head Office in Warsaw • 16 business centres • 37 operating branches • 1,361 employees Head Office and branches Prime Status Overall ESG risk score Stable ownership structure 58.05% 8.61% 5.54% 27.80% Directorate General of State Forests PFR Fundusz Inwestycyjny FIZ AN Other shareholders National Fund for Environmental Protection and Water Management • Bank Ochrony Środowiska S.A. • Dom Maklerski BOŚ S.A. • BOŚ Leasing S.A. BOŚ Group Mission: Providing comprehensive support for the green transition. Vision: BOŚ as the premier specialist bank for clients. We are a valued partner in banking services.
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10 A leader in driving Poland’s green transition A strong partner in the green transition for local communities and businesses Accelerating client acquisition and activation of the existing client base combined with increasing the products-per-client ratio Growth in lending activity, with a particular focus on green assets Focus on acquiring clients and increasing client satisfaction, building lasting relationships Technological transformation in the lending process, mobile application, and data analytics using AI tools BOŚ Bank priorities
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11 Business and financial performance Macroeconomic environment Appendices Key information1 2 3 4
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Expanding total assets Asset structure (PLN million) New volumes of the Group’s credit assets (PLN million)1 In Q2 2025, the credit portfolio stabilised. 10,105 7,352 4,317 945 Q4 2024 10,075 6,977 5,457 971 Q2 2025 Loans and advances to clients Investment securities Amounts due from banks Other assets 22,718 23,481 +3.4% 12 1 As of 1 January 2025, the Bank adopted a new client segmentation model. The data for the corresponding period of the previous year was not restated following the change. 2 Other include: overdraft facilities, cash loans, factoring receivables, lease receivables, purchased receivables, and commercial securities 5,403 856 1,472 2,373 Q4 2024 5,386 762 1,366 2,560 Q2 2025 Term loans/facilities advanced to corporate clients Working capital facilities Housing loans Other 10,105 10,075 -0.3% 2
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13 Deposits and other amounts due to clients (PLN million)1 Deposits from SME, micro-enterprise and retail clients (PLN million)1 Growing balance of deposits from SME, micro-enterprise and retail clients Deposits from corporate clients (PLN million)1 5 550 6 017 7 139 4 800 4 947 5 058 IQ2 2024 Q4 2024 Q2 2025 current/ checking accounts term deposits 10,350 10,964 12,197 +11.2% 2 435 3 498 3 766 4 067 4 042 3 248 IQ2 2024 Q4 2024 Q2 2025 current/ checking accounts term deposits 6,502 7,540 7,015 -7.0% 1 As of 1 January 2025, the Bank adopted a new client segmentation model. The data for the corresponding period of the previous year was not restated following the change. Deposits of DM BOŚ are included in the SME, Micro-Enterprise and Retail segment. 6 502 7 540 7 015 10 350 10 964 12 197 81430 IQ2 2024 63534 Q4 2024 61501 Q2 2025 SME, micro-enterprise and retail clients Corporate clients Other clients Other liabilities 17,363 19,101 19,774 3.5%
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14 Improved performance in terms of effect of legal risk of foreign currency mortgage loans, gain/(loss) on financial instruments measured at fair value, and gain/(loss) on investment securities 24 42 Q1–Q2 2024 Q1–Q2 2025 +72.4% Gain (loss) on financial instruments measured at fair value through profit or loss (including amounts due from clients) (PLN million) Legal risk of foreign currency mortgage loans (PLN million) 108 59 Q1–Q2 2024 Q1–Q2 2025 -44.7% Gain (loss) on investment securities (PLN million) 0 21 Q1–Q2 2024 Q1–Q2 2025
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15 Dom Maklerski BOŚ number of investment accounts (thousand) +3 Lease receivables (PLN million) 208,6 216,6 Q4 2024 Q2 2025 3.8% 247,3 250,2 Q4 2024 Q2 2025 1.2% Expansion of business volumes in the brokerage (Dom Maklerski BOŚ) and lease receivables segments
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16 Net interest income (PLN million) Interest margin (net interest income / assets) Q1–Q2 2024 Q1–Q2 2025 402 404 0.4% Net interest income Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 3.86% 3.85% 3.65% 3.71% 3.60% 3.62% 3.77% 3.77% 3.80% 3.95% 4.16% 4.10% 4.00% 4.00% 3.51% 3.51% 3.45% 3.45% -0.41 pp Interest margin Interest margin, excl. SB1 1 Net interest income adjusted to reflect the implemented provisions of the Business Crowdfunding and Borrowers Assistance Act of 7 July 2022 and the Act of 12 April 2024 Amending the Act on Support for Distressed Borrowers who Incurred Housing Loans and the Business Crowdfunding and Borrowers Assistance Act Q1–Q2 2024 Q1–Q2 2025 2.89% 2.96% +0.07 pp Q1–Q2 2024 Q1–Q2 2025 7.53% 7.20% -0.33 pp Effective funding rate of deposit portfolio (%) Effective lending rate of loan portfolio (%) Effective funding rate = annualised interest expense / average assets over the period (for client deposits, standalone data) Effective lending rate = annualised interest income / average balance of loans over the period (standalone data)
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17 Higher fee and commission income leading to yoy increase in net fee and commission income 64 65 Q1-Q2 2024 Q1-Q2 2025 +2.2% Net fee and commission income (PLN million) Fee and commission income and expense (PLN million) 84 91 -21 -26 Q1-Q2 2024 Q1-Q2 2025 Fee and commission income Fee and commission expense +7.7% +24.3%
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18 Change in employee benefit expense 19,6 20,2 20,5 20,9 19,8 40,5 39,6 54,2 62,2 44,1 78,9 78,0 98,9 85,3 92,4 IQ2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Employee benefits Administrative expenses Amortisation and depreciation 139.0 137.8 173.6 168.5 156.3 -10.0% 57% 29% 14% IQ2 2024 59% 28% 13% Q2 2025 Employee benefits Administrative expenses Amortisation and depreciation 139.0 156.3 +12% General and administrative expenses yoy (PLN million) General and administrative expenses qoq (PLN million)
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19 Net profit/(loss) Net profit/(loss) (PLN million) 50,2 79,7 32,4 31,3 48,0 33,7 11,1 Net profit Q1–Q2 2024 1.6Net interest income 1.4Net fee and commission income Net other income Cost-of-risk Effect of legal risk – ‘large CJEU’ Administrative expenses Income tax expense Net profit Q1–Q2 2025 +58.7% Drivers of net profit evolution yoy (PLN million) 1 Net other income: mainly increase in gain/(loss) on financial instruments measured at fair value and improvement of gain/(loss) on investment securities 1) 50,2 79,7 Q1–Q2 2024 Q1–Q2 2025 +59%
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20 Business and financial performance Macroeconomic environment Appendices Key information1 2 3 4
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21 Macroeconomic situation Poland’s economy gained modest momentum in H1 2025... … with steady increase in consumer lending and a faster pace of corporate loan growth Inflation eased slightly after a temporary uptick in H2 2024 Improved inflation prospects prompted the NBP to lower interest rates by 75 basis points between May and July
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22 Business and financial performance Macroeconomic environment Appendices Key information1 2 3 4
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BOŚ conducts its business responsibly Active participant in the green transition Funding green projects Monitoring the green impact of investments Minimising own carbon footprint Pro-environmental and social responsibility initiatives Raising financial and environmental awareness Promoting pro-environmental behaviour among employees WSE Best Practices Corporate governance standards Managing ethical risks Extensive internal governance structure Environment Society Governance
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24 Disclaimer This Presentation has been produced by Bank Ochrony Środowiska S.A. (the “Bank”) solely for information purposes. It does not constitute or form part of any offer to sell or a solicitation of offers to purchase the Bank’s securities, and should not be construed as such. It does not purport to provide, in whole or in part, a basis to be used in connection with any agreement to purchase or subscribe for the Bank’s securities and may not be relied upon in connection with any agreement, commitment or investment decision. This Presentation is not a recommendation to purchase the Bank’s securities. It is not, and should not be construed as, an element of a public offering promotion within the meaning of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organised Trading, and Public Companies of 29 July 2005. This Presentation contains some forward-looking statements that are based on current knowledge and expectations of the Bank, but which are dependent on various factors beyond the Bank’s control, including a range of known and unknown risks, uncertainties and other factors. As a result, actual data, activity levels and performance may significantly differ from those presented in such forward-looking statements. Information contained in this Presentation has not been audited or reviewed by an independent third party. All that said, the Bank considers the estimates, assessments, adjustments and judgements contained in this Presentation to be reasonable and believes that the market information prepared on their basis provides an adequate picture of the industry and the market in which the Bank operates. This Presentation does not constitute forecasts or estimates of future results, and therefore any potential revisions hereto or the Bank’s intentions due to unforeseen circumstances affecting the Bank’s performance or intentions would not be subject to disclosure in the manner prescribed for disclosing revisions to forecasts or estimates of future results. Some information contained in the attached material has been taken from publicly available sources that the Bank believes to be reliable, while giving no assurances as to its accuracy or completeness. The information contained in the attached material should be read subject to and in conjunction with all other publicly available information, including, where applicable, all wider information materials published by the Bank. Neither the Bank, nor any of its agents or affiliates shall be liable for potential loss resulting from any use of this material, any part hereof, or any information contained herein, or incurred otherwise in connection with this material.
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Press Office: biuroprasowe@bosbank.pl Analyst enquiries: relacje.inwestorskie@bosbank.pl Thank you!