Bank Polska Kasa Sa Ord (BKPKF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Dzień dobry. Dzień dobry. Good afternoon, ladies and gentlemen. A very warm welcome at a conference dedicated to the presentation of the results of Bank of the USA for the first half of 2026. We have Cezary Szybukowski, CEO, Dagmara, and Ernest Pytlarczyk. And over to the CEO. Thank you. Okay, there are good forecasts for the second half of the year, so we are optimistic. Profits are under pressure, but you are all aware of that. We operate in the environment of the highest tax thresholds in Europe. so the surplus of income tax also hits the results of the bank it is worth stressing that our core categories continue to grow core categories of credit assets may be slightly less in mortgage loans but here we have the kind of thinking that I shared with you at previous conferences that is we as a bank try to reposition ourselves as the bank that has a holistic approach to the market rather than focusing only on the volume drivers in the fourth quarter we expect a very decent commissions growth annually that is 11% up the bank also keeps increasing its digital penetration in retail banking. Here we had some backlog, but I think we are quite deft in catching up with the leaders and the strong capital position that Mara will probably tell you a few words about the issuances that we had previously this year and have actually completed our plan for this year. Key reference point, I think, May be it's worth saying that cost incumeration normalized that results from BFG charges continues that our ambitions rebath our ambition levels I have repeatedly said that the bank is in the process of investing reorganizing and I do not approach this target dogmatically. So the fact that we stay around the 35% is our achievement. The portfolio growth, risks, costs and the control margin w...