Bank Polska Kasa Sa Ord (BKPKF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen. Welcome to the presentation of the time with us for the first quarter. We have Cezary Stepukowski, CEO, Vice President, Responsible for Finance, Dermara Wojnar, Vice President for Risk Division, Marcin Gadomski, and Ernest Bydlarczyk, Chief Economist of the Bank. Over to Cezary. Good morning, ladies and gentlemen. The first quarter was successful for the bank. We recorded net profit at 1.2 billion PLN. We feel a revival of credit action both in retail and in corporate market, maybe excluding mortgage loans, but that's a separate topic. we see increasing digitization of the KOSA clients who historically followed the market with respect to the trend and capital position remains very strong. I would like to stress here that we maintain a low level of risk costs. although we assume that there might be a certain increase here. Anyway, the boundaries within which we move were defined more broadly than the current actuals. We see 11% growth in loan funding. covering various categories. Return on equity continues at a decent and expected level. Cost to income ratio is not set in stone in connection with the need to inject capital in the bank, but stays at almost 30.5%, excluding the effects of burdens of the first quarter, mainly in relation to the contributions to the fund for funding stability. We see the developments that relate to the principal lines in which Big OSA has been not sufficiently invested in particular with regard to micro market, but the bank overall remains its It is worth stressing here that basically in all business lines we see growing income. That is excellent news because commissions inflows for the last 18 months have been growing and that applies to many areas of activity to the largest extent that follows from th...