Erste Bank Polska Sa (BKZHF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. My name is Agnieszka Dobrzycki. I'm Head of Investor Relations at Santander Bank Polska. I'd like to welcome you at the presentation of financial results of Santander Bank Polska for the first quarter of 2025. Today's presentation will be presented by Michał Gajewski, CEO, Maciere Luga, CFO, and Wojciech Skarski, the Management Board member in charge of the Financial Accounting and Control Division. Before we start, I'd like to remind you that during the presentation, you can ask questions through the link online and also by sending the email directly to my email address. So now let me hand over to our CEO. Good morning. Michal Gajewski speaking. Welcome at the presentation of the financial results after the first quarter. We have had good months, both in terms of financial performance and implementation of our strategy that brings tangible benefits to our customers, employees, and shareholders. Moving on to the results. In quarter one, we generated the profit before tax of $2.3 billion, while our tax and regulatory charges were over $1.1 billion. The group's net profit was $1.7 billion. Let's go to slide seven with general operational data. Just to remind you, As a group, we provide services to over 7.5 million customers. The number of digital customers keeps growing. Currently, in the group, we have 4.5 million such customers, and 3.7 million of our customers use our money banking application. In Santander Bank Polska alone, we have 6 million customers, and as I said, the number of digital customers has grown by nearly 7% year-on-year. And we have a double-digit growth in the number of mobile banking customers by nearly 11%. Customer deposits grew by 13% and amounted to 237 billion zlot. The growth from portfolio year-on-year grew by 8% to over 182 bi...