Erste Bank Polska S.a. · GPW:EBP
Erste Bank Polska — FY2024 Earnings Presentation
35 slides from Erste Bank Polska's earnings presentation, Feb 5, 2025
Slide 1: Preliminary financial results of Santander Bank Polska Group for 2024
Investor Relations Warsaw 05/02/2025 Preliminary financial results of Santander Bank Polska Group for 2024 The financial information provided herein and concerning the quarter and the year ended 31 December 2024 includes the selected, preliminary, unaudited data which has been prepared for informati
Slide 2: Agenda
Index Agenda Results 1. Our activities and our people 2. Our business development 3. Our customers 4. Our financial results More information 5. Attachments 2
Slide 3: Our activities and our people
Results for 2024 Our activities and our people 01
Slide 4: Our communication
01 | Marketing Digital & Social media initiatives Our communication • Our social media now include 15 profiles on 6 platforms. In the last year 304,000 fans followed the bank's profile on Facebook, 8.3 fans on Instagram and 41.5,000 fans on TikTok and we reached over 22.7 At Santander Bank Polska we
Slide 5: Our people
01 | Our activities and our people Our people Improving employee experience Occupational Health & Safety and Wellbeing ▪ We implemented a platform for collaborative design, testing and validation of solutions. This is to ▪ In November, the second edition of the OHS experts meeting was held, bringing
Slide 6: Our business development
2024 Results Our business development 02
Slide 7: General operational data and key volumes
02 | Results for 2024 – Our business development General operational data Key volumes SBP* SCB** gross loans 180bn 12.9% +9 YoY Branches 311* 38** deposits 232bn 11.2% +411YoY Employment 10.0k 1.4k customer funds 256bn Customers 6.0m 1.5m +12 YoY Digital Customers 3.8m 691k assets 304bn +10% YoY Mar
Slide 8: Key financial results and financial ratios
02 | Results for 2024 – Our business development Key financial results Financial ratios Key results Capital position ROE, ROA PLN 13 873m PLN 2 909m PLN 17 132m PLN 5 213m Strong capital position, well above the KNF requirements +6% YoY +7% YoY +7% YoY +8% YoY +12% on comparative basis* Net interest
Slide 9: Our customers
Results for 2024 Our customers 03
Slide 10: Our customers in numbers
03 | Results for 2024 – Our customers Our customers in numbers* Retail customers SME customers Corporate customers 5.4m customers +4% YoY** 542k customers +6% YoY** 28.7k customers +4% YoY 3.4m digital 389k digital +8% YoY +7% YoY 21.9k digital customers customers +2% YoY customers 2.9m mobile 236k
Slide 11: New products and services
03 | Results for 2024 – Our customers New products and services Retail customers SME customers Corporate customers ▪ We introduced Santander Prestiż Spokojna Inwestycja ▪ We offered the option to repay Business Express Loan ▪ We launched the new platform Santander (Santander Prestiż Calm Investment)
Slide 12: Education and support for customers
03 | Results for 2024 – Our customers Education and support for customers Retail Customers SME Customers BCB customers ▪ We upgraded our mobile app: we added the Financial ▪ We completed the “EmPOWERed in business” Coach and Subscription Manager functions as well as FX (“MOCni w biznesie”) project,
Slide 13: Selected business data
03 | Results for2024 – Our customers Selected business data Retail customers SME Customers BCB customers CIB Customers 4.7m +16% YoY 69.2k 52% +10% YoY +12% YoY +63% YoY +45% YoY Personal Select segment Business Digital Number of Income on eFX Income from Equity Income from accounts customers accoun
Slide 14: Our financial performance
Results for 2024 Our financial performance 04
Slide 15: Gross loans
04 | Results for 2024 – Our financial performance Gross loans Comment Gross loans PLN m Structure of loans Santander Bank Polska S.A. +9% ◼ The loan portfolio increased by 10% YoY and by 1% 177 975 180 346 168 444 174 345 QoQ. 165 212 11% ◼ Mortgage loan sales in Q4’24: -32% vs. 30% Q4’23; 82 159 83
Slide 16: Customer funds
04 | Results for 2024 – Our financial performance Customer funds Comment Deposits Deposits PLN m and term funding Santander Bank Polska Group +11% ◼ Customer funds +12% YoY and +6% QoQ. 5% 232 029 7% 209 277 210 308 215 235 217 770 Deposits SBP Group 32% 10% 104 264 Total ◼ Retail deposits +11% YoY
Slide 17: Net interest income and net interest margin
04 | Results for 2024 – Our financial performance Net interest income and net interest margin Net interest income PLN m Comment 3 625 3 428 3 387 3 576 ◼ In 2024, net interest income totalled PLN 13.9bn and 3 285 362 371 419 424 391 increased by 6% YoY. In Q4 2024 alone, net interest income reached
Slide 18: Net fee and commission income
04 | Results for 2024 – Our financial performance Net fee and commission income Comment Net fee and commission income PLN m ◼ In 2024, net fee and commission income was 710 729 727 727 726 PLN 2.9bn, i.e. it increased by 7% YoY and was 43 47 38 25 20 118 109 111 118 stable QoQ. Cards 131 162 165 174
Slide 19: Income
04 | Results for 2024 – Our financial performance Income Comment Income PLN m ◼ The Group's total income in 2024 amounted to PLN 4 417 4 431 17.1bn and increased by 7% YoY. On quarterly basis 4 170 4 152 4 132 113 80 32 36 119 total income flat +0.3% QoQ. 710 727 726 729 727 Net Interest Income ◼ In
Slide 20: Operating expenses
04 | Results for 2024 – Our financial performance Operating expenses Comment Operating expenses ◼ Total costs in 2024 amounted to PLN 5.1bn and increased PLN m by 7% YoY. This is, among others, the result of a higher 1 353 BGF burden - PLN 250m in 2024 compared to PLN175m in Staff Costs 1 213 32 1 2
Slide 21: Provisions and credit portfolio quality
04 | Results for 2024 – Our financial performance Provisions and credit portfolio quality Cost of credit NPL and NPL coverage ratio 4.8% 0.72% 0.70% 0.70% 0.69% 4.6% 4.6% 4.5% 0.58% 4.4% Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 31.12.2023 31.03.2024 30.06.2024 30.09.2024 31.12.2024 Net provisions 379
Slide 22: Banking tax, regulatory costs and NPL sales
04 | Results for 2024 – Our financial performance Banking tax NPL sales and regulatory costs Amounts payable to the BGF, PFSA, KDPW, IPS and BSF PLN m NPL sales PLN m SBP SCB 524 450 279 314 307 198 218 195 219 203 189 54 148 9 9 125 120 -4 13 10 81 25 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024
Slide 23: Results for 2024
04 | Results for 2024 – Our financial performance Results for 2024 Results for 2024 Comment PLN m 2024 2023 YoY (%) ▪ Net profit in 2024 totalled PLN 5.2bn. Net interest and fee income 16 783 15 833 6% On comparable basis, it increased by 12% YoY. Gross income 17 132 15 992 7% Total costs -5 065 -4
Slide 24: Attachments
Attachments 05
Slide 25: Retail Banking - growth in lending activity
05 | Attachments Retail Banking - growth in lending activity PLN m Cash loans portfolio Mortgage loans and +6% (gross) +9% advances portfolio (gross) 54 672 54 756 53 270 53 935 1 497 1 147 ◼ PLN mortgage loans 51 568 2 293 1 745 portfolio: +9% YoY 2 603 FX 17 821 18 012 ◼ FX mortgage loans PLN 17 4
Slide 26: Santander Leasing
05 | Attachments Santander Leasing Portfolio Market share PLN bn +11% ▪ Leasing portfolio: PLN 15.5bn, +11% YoY 8,1%* 15 534 15 190 14 880 ▪ Great result in the road transport segment 14 338 13 980 PLN 5.3bn, +19% YoY ▪ Green financing increase by 15% YoY, including electric cars by 10% YoY ▪ Growth
Slide 27: Santander Factoring
05 | Attachments Santander Factoring Portfolio Market share +11% 10% 8 704 PLNm 8 436 7 816 7 819 7 398 * Data as at 31/12/2024 4q 2023 1q 2024 2q 2024 3q 2024 4q 2024 ◼ In Q4 2024 Santander Factoring led on the market in terms of the Turnover +5% balance sheet, increasing it by 11% YoY. 44 778 47 2
Slide 28: Capital and liquidity position
05 | Attachments Capital and liquidity position 18.65% Santander Bank 17.68% 16.78% 17.27% Santander Bank Polska S.A. Polska Group L/D ratio Capital ratios 72.10% 73.19% 73.70% 74.40% 70.60% CAR TIER 1 31.12.2024 31.12.2023 31.12.2023 31.03.2024 30.06.2024 30.09.2024 31.12.2024 Santander Bank Santan
Slide 29: Regulatory requirements regarding own funds and eligible liabilities – TLAC/MREL
Regulatory requirements regarding own funds and eligible liabilities – TLAC/MREL TLAC ▪ In accordance with Article 92a of the CRR, the minimum TLAC requirement is 18% of total risk exposure amount (TREA) and 6.75% of MREL the total exposure measure (TEM). ▪ On 9 May 2024, the Bank was notified by th
Slide 30: Key financial ratios
05 | Attachments Key financial ratios Santander Bank Polska Group Selected financial ratios of Santander Bank Polska Group 2024 2023 Cost/ income 29.6% 29.5% Net interest income/ total income 81,0% 82,0% Net interest margin 1) 5.27% 5.39% Net fee and commission income/ total income 17,0% 17,0% Net l
Slide 31: Key financial ratios
05 | Attachments Key financial ratios 1. Net interest income annualised on a year-to-date basis (excluding interest income from the portfolio of debt securities held for trading and other exposures related to trading) to average net earning assets as at the end of consecutive quarters after the end
Slide 32: Santander Consumer Bank Group
05 | Attachments Santander Consumer Bank Group Loans PLN m Gross loans 19 697 20 168 20 272 18 566 18 390 855 707 31.12.2024 31.12.2023 r/r (%) kw./kw. (%) 865 1 338 1 212 7 298 7 350 7 303 Retail customers 12 969 12 433 4% 1% 6 133 5 950 Hipoteczne Mortgage loans 707 1 338 -47% -17% 11 095 11 228 1
Slide 33: Santander Consumer Bank Group
05 | Attachments Santander Consumer Bank Group Key financial results 2024 2023 Assets 25 762 23 677 Net Loans*** 18 872 17 163 Deposits 16 057 13 688 Total equity 4 311 4 407 Net profit -95 141 L/D (%) 117.5% 125,4% C/I (%)* 81.1% 69.6% ROE (%) -2.2% 3.3% ROA (%) -0.4% 0.6% CAR (%)** 43.6% 34.3% CHF
Slide 34: Thank You.
Thank You. Contact details Our purpose is to help people and business prosper. Maciej Reluga CFO, Chief Economist Our culture is based on believing maciej.reluga@santander.pl that everything we do should be: Agnieszka Dowżycka Head of Investor Relations agnieszka.dowzycka@santander.pl
Slide 35: Disclaimer
Disclaimer 1. This presentation may contain forward-looking statements including, without limitation, statements concerning future business development and financial performance. These forward-looking statements: ▪ represent our judgment and future expectations concerning the development of our busi