Bank Polska Kasa Sa Ord (BKPKF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome at our conference with a presentation of our financial results for the fourth quarter and the entire 2025 of PKUSA. We have Cezary Stepukowski, CEO, Dagmara Wojnar, Vice President, responsible for Finance Division, Marcin Kodomski, responsible for Risk Management Division, Łukasz Januszewski, Vice President, responsible for Corporate Banking Division, and Ernest Pytlarczyk, Chief Economist of the Bank. Over to the CEO. We've already had the rehearsal of this conference with the media, so probably things will go smoothly and we might speed up a little bit. I would say that what characterised the entire 2025, and actually treated as a certain achievement of the Bank, That's acceleration of credit action and strengthening of the importance of commissions, profit. I have already said repeatedly, we... used the opportunity that we had built up until 2024 when the banks were under strong pressure, but our market shares were flat. Now they budged a little bit, not sold, but budged a little bit. The second thing is the result of commissions with all the caveats that we need To clarify, probably you will have some questions regarding these, and we will do our best to answer them. But that result is significantly higher, corresponding to the declarations that we announced here in this room back in April. Its structure is already encouraging, although it's not... so that we have resolved all problems. Nevertheless, we have steadily retained all the necessary ratios. The most important thing is probably the proportions of the entire aggregate. The result is plus 7 billion return on equity, more than decent. and covering the cost of capital probably one of not too numerous years where the banking sector was able to cover the cost of capital. And it s...