Bank Polska Kasa Sa Ord (BKPKF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Dzień dobry, witamy Państwa na... Good afternoon, ladies and gentlemen. Welcome to the presentation of the financial results of PKO S.A. Group after nine months. We have our CEO, Cezarystwo Półkowski, Dagmara Wojnar, SFO, Marcin Kadomski, and our chief economist, Pekarczuk. Good afternoon, ladies and gentlemen. We will briefly discuss our financial performance and later we are standing ready to take your questions. I just want to start with a disclaimer that we ask you to have some understanding about the upcoming transactions. We will have an opportunity to present a short wrap-up during the meeting of the shareholders. It's part of the agenda. Therefore, I do not want to have answers duplicated, but I'm not going to be very dogmatic just saying no. Well, what happened over the past three months? It was a good quarter. Our profit was up and this data was released this morning. I think that the most important change is with our lending activity. It is true for the entire sector, but we do have a feeling that we were able to jump a bit higher in terms of market shares, especially on the corporate side. We uphold a strong capital position. The bank has been stable in this regard for many years. And what is critical for PKLSA is improved digital penetration amongst our customer base. And this is happening as we speak. Perhaps the pace is not one of my dream, but we do see progress. The net profit that we reported is very robust. Now looking at the capital, it is also solid. you may say that it's very decent. And it would be really hard to say that it was excessive. Cost to income, I think that the bank is holding very well. We fully appreciate the fact that the banking sector is under the cost pressure. And this is mainly because of the BFG charges. The cost of risk is ...