Bank Polska Kasa Opieki S.a. · GPW:PEO
Bank Polska Kasa Opieki — Bank Polska Kasa Sa Ord — 9M 2025 Earnings Presentation
51 slides from Bank Polska Kasa Opieki's earnings presentation, Oct 30, 2025
Slide 1: 9M'25 Financial Results
9M’25 Financial Results New horizons for loan growth Warsaw, October 30th, 2025
Slide 2: New horizons for loan growth
New horizons for loan growth Recurring net Lending revival Strong growth Robust profit up with 8% y/y in digital capital 10% y/y loan portfolio channels position growth 1
Slide 3: Key achievements - financials
Key achievements - financials Business achievements Macro & Financial results Appendix 2
Slide 4: New horizons for loan growth
New horizons for loan growth Net profit ROE C/I incl./excl. BGF Tier 1 reported PLN 5.2 bn 21.5% 34.5%/ 15.6% 31.7% Assets Loan portfolio COR NPL PLN 338 bn PLN 199 bn 43 bps 4.5% +4% y/y +8% y/y 3
Slide 5: Double-digit growth in lending in key strategic segments
Double-digit growth in lending in key strategic segments Cash loan Micro financing MID+SME financing volume volume volume PLN bn PLN bn PLN bn +11% +15% +13% 44.0 38.9 13.9 12.5 5.7 4.9 3Q 24 3Q 25 3Q 24 3Q 25 3Q 24 3Q 25 4
Slide 6: All our businesses contributed to 9M'25 performance
All our businesses contributed to 9M’25 performance 9M’25 (vs 9M’24) Retail Enterprise Corporate banking banking banking +18% +33% +18% New sales of cash Acquisition in MID Income from FX loans (net) segment transactions +14% New sales of Micro financing +15% New sales of SME financing +13% Custody
Slide 7: Business achievements
Key achievements - financials Business achievements Macro & Financial results Appendix 6
Slide 8: Good start to the new strategy of Bank Pekao
Good start to the new strategy of Bank Pekao Strategic goals 9M’25 2027 of Bank Pekao Execution Target ...the only ROE(%) 21 .5 >18¹ C/I (%, incl./excl. BGF) 34.5/31.7 <35 way is up! Bank Pekao Strategy 2025-2027 CoR (bps) 43 65-75 Dividend² (%) 75³ 50-75 Growth Accessibility Efficiency 1 Assuming t
Slide 9: We systematically expand our offer for our clients
We systematically expand our offer for our clients Retail Enterprise & Corporate banking banking • Behavioral protection service – a free • “With Wisent to the Stock Market” • New, revitalized mobile banking solution available in Pekao24 and the series – promoting corporate activity for businesses –
Slide 10: Continued growth in active mobile banking customers
Continued growth in active mobile banking customers – 85,000 new active users added in 3Q’25 Active mobile banking PEX digital sales customers of total m % – Behavioral protection – typing patterns, cursor movements, and finger swipes on the screen can be +9% +1 pp used to create an individual behav
Slide 11: We consistently support development of our clients
We consistently support development of our clients Transactions PLN 1 bn PLN 1 bn PLN 600 m EUR 740 m 5Y BONDS 7Y EUROBONDS 3Y BONDS ESG KPI LINKED REVOLVING CREDIT FACILITY Co-Arranger, Sole Arranger, Co-Arranger, Dealer, Mandated Lead Arranger Additional Dealer Dealer Issue Coordinator Miasto Biał
Slide 12: Macro & Financial results
Key achievements - financials Business achievements Macro & Financial results Appendix 11
Slide 13: The Polish economy is gaining momentum
The Polish economy is gaining momentum, but “a four at the front” in GDP growth is now expected in 2026 GDP growth and its key components Weighted average GDP growth of Poland’s trading partners % y/y % y/y 20 20 20 20 Average Average 15 15 2005-19 2005-19 15 15 10 10 10 10 5 5 5 5 0 0 0 0 -5 -5 -5
Slide 14: Inflation is finally on target, and the MPC is expected to continue cutting rates
Inflation is finally on target, and the MPC is expected to continue cutting interest rates CPI inflation with forecast NBP interest rate with expectations % y/y % 20 20 18 18 16 16 7 7 14 14 6 6 12 12 5 5 10 10 4 4 8 8 3 3 6 6 2 2 4 4 2 2 1 1 0 0 0 0 2018 2019 2018 2020 2019 2021 2020 2022 2021 2023
Slide 15: Double-digit growth dynamics in key loans
Double-digit growth dynamics in key loans – cash loans +11% and MID+SME loans +13% – Total loans increased by 8% y/y Retail loan volumes1 Corporate loan volumes2 PLN m PLN m – +5% y/y growth in retail loan portfolio, including: +5.4% +10.4% • +11% y/y growth in cash loan volume with PLN 1.9 111 191
Slide 16: Increase in total deposit base by 6% y/y
Increase in total deposit base by 6% y/y and increase in volume of investment funds by 28% y/y Customer retail savings Corporate deposits1 PLN m PLN m +3.8% +7.6% – Total deposit base increased by 6% y/y, 153 973 151 858 including retail deposits 146 288 up 4% y/y 130 118 130 650 121 389 – Record ne
Slide 17: Increase in net interest income by 8% y/y
Increase in net interest income by 8% y/y Net interest income Net interest margin (adjusted for effect of payment moratoria) PLN m % +8.3% +5.2% +2 bps -9 bps 10 290 9 268 4.29 4.26 3 461 4.23 4.24 4.23 3 261 +81 3 414 3 446 3 430 4.21 4.15 9 502 3 380 -234 9M 24 9M 25 3Q 24 4Q24 1Q 25 2Q 25 3Q 25 9
Slide 18: Increased business scale and lower cost of financing liabilities
Increased business scale and lower cost of financing liabilities Interest-bearing assets Interest-bearing liabilities PLN bn PLN bn +7.8% +7.2% +8.0% +7.1 % 325 325 328 318 323 292 296 302 306 270 292 277 285 288 6.21% 6.25% 6.19% 6.16% 6.01% 6.07% 2.23% 5.80% 1.98% 2.22% 2.18 % 2.11 % 2.01% 1.83% 9
Slide 19: Lower sensitivity to interest rate changes
Lower sensitivity to interest rate changes Interest rate risk profile – Natural sensitivity to falling interest rates resulting mainly from non-interest bearing Other deposits (15-20 bps NIM decline for 100 bps liabilities VARIABLE lower rates) rate Other interest Other (economically) – Consistently
Slide 20: Increase in net fee and commission income by 9% y/y
Increase in net fee and commission income by 9% y/y Net fee and commission income PLN m – Growing contribution of +9.0% +7.6% capital market-related income, including asset +0.3% management, due to 2 264 y/y 2 078 growth in investment 453 +2.0% y/y fund assets 444 776 732 765 767 713 134 136 152 0.0
Slide 21: Cost/Income ratio at 34.5%
Cost/Income ratio at 34.5% Operating costs PLN m 4 350 26 28 +44.8% 404 279 4 350 26 28 +44.8% 404 – Increase in personnel 279 +6.6% +10.1% expenses in 9M’25 mainly +6.6% +10.1% due to inflation-linked salary 3 816 4 067 1 237 1 428 1 329 1 376 1 362 indexation 4 067 13422 816 1 630 1459 237 1516 42
Slide 22: Cost of risk below the Strategy assumptions
Cost of risk below the Strategy assumptions Cost of risk PLN m 624 272 611 240 231 198 153 – Cost of risk at 49 bps in 3Q’25 and 43 bps YTD 9M 24 9M 25 3Q 24 4Q 24 1Q 25 2Q 25 3Q 25 – Cost of risk in the corporate segment affected by a bps pb.1 moderate increase in credit losses and additional provi
Slide 23: Stable asset quality
Stable asset quality NPL ratio1 NPL coverage ratio % % ex-Idea portfolio (covered by BGF guarantee) NPL coverage: Stage 3 Pekao Pekao Underlying NPL NPL coverage: Stage 1-2 excl. Idea total 4.7 75 71 71 71 73 71 4.5 4.5 4.5 4.5 18 17 18 17 15 0.5 19 0.5 0.4 0.5 0.4 4.2 4.0 4.1 4.0 4.1 56 53 54 53 56
Slide 24: Strong capital position – capital surplus over 4.5 pp
Strong capital position – capital surplus over 4.5 pp. Dividend potential in line with the Strategy (50-75% of net profit) CET 1 Tier 1 Total capital adequacy ratio % % % +6.6 pp +5.1 pp +4.5 pp 17.0 15.6 15.6 13.5 11.5 12.5 10.0 10.5 9.0 Minimum Payment criterion Pekao Minimum Payment criterion Pek
Slide 25: Minimum requirement for own funds and eligible liabilities (MREL)
Minimum requirement for own funds and eligible liabilities (MREL) – Total MREL-TREA requirement MREL is 19.9%1, while subordinated % MREL-TREA requirement is 18.0%1 of total risk exposure 23.5 – Total MREL-TEM requirement is 1.6 5.9%, while subordinated 19.9 MREL-TEM requirement is 5.6% 1.9 of total
Slide 26: Recurring net profit up ~10% y/y
Recurring net profit up ~10% y/y – +10% y/y growth of recurring Net profit generation net profit in 9M’25 mainly PLN m due to: • increase in net interest +10% +3% income (+8% y/y) 5 191 • increase in net fee 4 764 & commission income (+9% y/y) 1 828 1 612 1 685 1 601 1 905 • increase in loan (+8% y/
Slide 27: New horizons for loan growth
New horizons for loan growth Recurring net Lending revival Strong growth Robust profit up with 8% y/y in digital capital 10% y/y loan portfolio channels position growth 26
Slide 28: Appendix
Key achievements - financials Business achievements Macro & Financial results Appendix 27
Slide 29: RETAIL BANKING: 15% y/y growth in cash loan sales
RETAIL BANKING: 15% y/y growth in cash loan sales Cash loan Market shares - consumer loan New sales of – Cash loan sales up by volume growth portfolio in PLN cash loans1 PLN 1.9bn (+15% y/y) PLN m % PLN m Sales in Sales in electronic – Visible acceleration branches channels in portfolio growth, Sale
Slide 30: RETAIL BANKING: Increase in mortgage loan sales by 48% y/y
RETAIL BANKING: Increase in mortgage loan sales by 48% y/y PLN mortgage volume Market share development New sales of – 48% y/y growth in mortgage growth in total mortgage mortgage loans loan sales in 3Q’25 PLN m % PLN m – 5% y/y increase in the mortgage loan portfolio +5% 13.5% +48% – New edition of
Slide 31: RETAIL BANKING: Continued growth in clients and personal accounts
RETAIL BANKING: Continued growth in the number of clients and personal accounts Number of individual Current accounts: Gross sales of – Strong quarterly sales of customers gross sales new credit cards nearly 130k Przekorzystne ths ths ths Account and Świat Premium Account – with 41% accounts opened
Slide 32: RETAIL BANKING: Strong investment product sales performance
RETAIL BANKING: Another quarter of strong investment product sales performance Retail Investment products: Investment products: deposits AUM net sales² PLN m PLN m PLN m – PLN 2.2 bn – new record Other investment products 1 for monthly net sales of Investment funds investment products, +4% +40% +23%
Slide 33: ENTERPRISE BANKING: Increase in MID+SME financing volumes by 13% y/y
ENTERPRISE BANKING: Increase in MID+SME financing volumes by 13% y/y Sales of SME Financing Customer – Expansion of client financing volumes acquisition onboarding functionality PLN m PLN m # – both in-branch and remotely Loans Leasing and Factoring MID Enterprises SME – Revitalization of PekaoBizne
Slide 34: Net profit generation path in 9M'25
Net profit generation path in 9M’25 Revenue growth was the key driver of the y/y increase in net profit PLN m +185 -97 +234 -251 -13 +788 -77 -119 -223 5 191 4 764 9M 24 Net interest Payment Non-interest Provisions Operating Underlying Costs of legal risk BGF Bank tax, 9M 25 Net profit income morato
Slide 35: CHF mortgage loans portfolio and provisions compared to the market
CHF mortgage loans portfolio and CHF portfolio provisions in Pekao compared to the market CHF mortgage loans portfolio and CHF portfolio provisions PLN bn 160% 111% 140% 160% 150% 168% 188% 213% 131% 144% 12.7 8.9 7.9 8.0 8.2 7.2 5.8 5.6 5.2 4.6 3.4 3.2 2.7 1.7 2.4 1.1 0.4 0.6 0.4 0.5 Bank 1 Bank 2
Slide 36: Limited risk of CHF portfolio
Limited risk of CHF portfolio Structure of CHF mortgage loans pcs – One of the smallest portfolios on the market, one of the highest reserve coverage – ~75% of the portfolio fully repaid or converted to PLN 19.3 ths as a result of concluded ~20% settlements in courts 37.6 ths 1.4 ths – Decrease in i
Slide 37: Robust financial and liquidity position
Robust financial and liquidity position LCR and NSFR Loans/Deposits1 Leverage ratio % % % LCR NSFR 250 239 243 232 234 67 69 66 7.2 6.9 6.7 174 175 174 173 168 Regulatory minimum =3,0% 3Q 24 4Q 24 1Q 25 2Q 25 3Q 25 Sep 24 Jun 25 Sep 25 Sep 24 Jun 25 Sep 25 1 Customer financing (excluding reverse rep
Slide 38: Change in Total Capital Ratio
Change in Total Capital Ratio TCR quarterly change % -0.6% 0.5% – TCR decreased by 0.2 pp, 17.2% -0.1% 17.0% mainly due to higher capital requirements for credit risk, despite including 25% of 1H’25 profit, following KNF approval Jun 2025 Change in capital Retention of part Other Sep 2025 requiremen
Slide 39: Items affecting MREL
Items affecting MREL MREL quarterly change % – MREL ratio increased by 1 pp 0.5% -0.8% in 3Q’25, mainly due to: 1.3% 23.5% • EUR 500m Senior 22.5% Preferred bond issuance completed in September • inclusion of 25% of 1H’25 profit, following KNF approval • higher capital requirements Jun 2025 Senior P
Slide 40: Debt issuances and capital structure
Debt issuances and capital structure T2, SNP and SP debt issuances Instrument maturity profile1 PLN m 2 885 Nominal Issue Maturity Optional 2 485 amount Series Interest rate date date redemption date 2 485 2 135 2 885 2 135 2 135 2 135 SUBORDINATED DEBT (T2) 1 350 1 250 PLN 1 250m A floating, WIBOR
Slide 41: 2025 Outlook: Solid and stable growth
2025 Outlook: Solid and stable growth – Economic growth is expected to accelerate to 3.6% in 2025 and 4.0% in 2026, driven by strong investment Economic outlook Banking sector outlook activity (particularly public investment) and robust private consumption. 2024 2025 2026 2024 2025 2026 Inflation is
Slide 42: Consolidated balance sheet
Consolidated balance sheet PLN M SEP 24 JUN 25 SEP 25 Q/Q% Y/Y% Cash and cash equivalents 20 515 17 932 16 000 (10.8%) (22.0%) Loans and advances to banks 202 609 540 (11.3%) 167.3% Loans and advances to customers1 179 013 188 434 194 123 3.0% 8.4% Investment securities2 105 393 114 564 109 419 (4.5
Slide 43: Consolidated income statement
Consolidated income statement PLN M 3Q 24 2Q 25 3Q 25 Q/Q% Y/Y% 9M 24 9M 25 Y/Y% Net interest income1 3 261 3 446 3 430 (0.5%) 5.2% 9 268 10 290 11.0% Net fee and commission 713 765 767 0.3% 7.6% 2 078 2 264 9.0% Operating income 4 022 4 252 4 309 1.3% 7.1% 11 700 12 810 9.5% Operating costs2 (1 237
Slide 44: Key performance indicators
Key performance indicators 3Q 24 2Q 25 3Q 25 Q/Q NET Y/Y NET 9M 24 9M 25 Y/Y NET ROE (%) 24.8% 20.3% 23.7% 3.38 -1.15 21.4% 21.5% 0.11 ROA (%) 2.3% 1.9% 2.2% 0.34 -0.04 2.0% 2.1% 0.05 NIM (%) 4.24% 4.26% 4.15% -0.11 -0.09 4.10% 4.23% 0.13 L/D (%) 66.9% 66.3% 68.7% 2.39 1.84 66.9% 68.7% 1.84 Cost/Inc
Slide 45: Selected data
Selected data BANK SEP 24 JUN 25 SEP 25 Q/Q% Y/Y% Outlets 572 566 565 (0.2%) (1.2%) ATM’s 1 308 1 323 1 332 0.7% 1.8% Employees 12 605 13 778 13 803 0.2% 9.5% No of PLN current accounts (ths)1 8 560 8 835 8 906 0.8% 4.0% No of mortgage loan accounts (ths)2 359 340 338 (0.6%) (5.8%) No of clients hol
Slide 46: Mutual Funds distributed by the Group
Mutual Funds distributed by the Group Mutual funds - volumes Pekao Investment Management S.A. PLN m % Third party funds Pekao Investment Third party funds Pekao Investment Equity Balance Money and Equity Employee Balance Money and Employee distributed by the Group Management S.A. distributed by the
Slide 47: Ratings of Bank Pekao S.A.
Ratings of Bank Pekao S.A. 30.09.2025 PEKAO POLAND ESG RATINGS FITCH Long-term rating (IDR) BBB+ A- Institution ESG Rating RATINGS Short-term rating F2 F1 MSCI A Viability rating bbb+ _ FTSE Russell 3,6 Outlook Stable Negative Morningstar Sustainalytics 19,5 Low risk S&P CSA 39/100 PEKAO POLAND ISS
Slide 48: SHAREHOLDERS: Diversified shareholder base
SHAREHOLDERS: Diversified shareholder base Shareholding structure Listing and valuation – The second largest bank in terms of assets (PLN 338 bn) and third largest bank in Poland 8% in terms of market capitalization (PLN 50 bn) 20% – Member of several local and global indices: WIG Banki, WIG 20, WIG
Slide 49: Investor Relations Team: Contact and calendar
Investor Relations Team: Contact and calendar CONTACT DETAILS FINANCIAL CALENDAR Q&A RELATED TO THE PRESENTATION: 27 February 2025 Annual Report 2024 Marcin Jabłczyński and Webcasting Head of Investor Relations First Quarter Report 30 April 2025 ph.: +48 722 034 633 and Webcasting e-mail: marcin.jab
Slide 50: Disclaimer
Disclaimer This presentation (the ”Presentation”) has been prepared by Bank Polska Kasa Opieki Spółka Akcyjna (“Bank”) for the clients, shareholders and financial analysts. The Presentation should not be treated as an offer or invitation to purchase any securities or financial instruments or as advi
Slide 51: Bank Pekao
S| Bank Pekao
Bank Polska Kasa Sa Ord — 9M 2025 Earnings Presentation on 6ix