The profit of the PKO Bank Polski Group after the three quarters of 2023 amounted to PLN 4 822 million. The bank increased income from core operations by almost 52 percent (excluding the extraordinary events of the third quarter of 2022 by 18,6 percent and steadily increased the scale of operations. As a result, the group's assets grew to 473 billion after three quarters of the year and the number of customers reached 11,9 million. The bank also demonstrated high-cost efficiency. The cost/income (C/I) ratio reached 30,9 percent, despite the visible price pressure on operating cost dynamics. The cost of risk ratio reached 47 bps and NPL, after a decrease of 32 bps y/y, ranked at 3,59 percent.
- The historic result - in excess of PLN 4.8 billion after three quarters of the year - is evidence of PKO Bank Polski Group's ability to take proper advantage of market opportunities. Double-digit growth in financing in the corporate segment, a growing share in the sale of mortgages, or the strengthening of capital ratios are achievements which, by building shareholder value, allow us to systematically achieve the objectives set out in the bank's strategy for 2023-2025,"
- emphasized Dariusz Szwed, CEO of PKO Bank Polski.
PKO Bank Polski is the undisputed leader of the Polish banking sector, and the value of its assets is PLN 473 billion. After three quarters of 2023, the net profit of the PKO Bank Polski group exceeded PLN 4.8 billion. The company serves 11.9 million customers. It is the basic provider of financial services for all customer segments, achieving the highest shares in the deposits, loans and individual investment funds market. Thanks to the development of digital tools, including the IKO application, which has been activated by customers over 7.7 million times, PKO Bank Polski is the most mobile bank in Poland.