BNP Paribas Bank Polska (BNP) Q4 2024 earnings summary

Executive summary

• Net profit reached PLN 3.1 billion in 2025, up 29.7% year-over-year, with Q4 net profit at PLN 887 million, and previously achieved PLN 2.4 billion in 2024, up 133% year-over-year.

• Core revenues and net banking income grew, with net interest income at PLN 5.9 billion (+2.6% y/y in 2025) and PLN 5.7 billion (+9.9% y/y in 2024); net fee and commission income also increased.

• ROE improved to 18.7% in 2025 (+1.8 p.p. y/y), after reaching 16.9% in 2024 (+9 p.p. y/y), and cost of risk remained low.

• All financial targets of the GObeyond 2022-2025 strategy were achieved, and the new "Accelerate 2030" strategy focuses on growth, operational efficiency, and sustainable transformation.

• Management proposes a 50% dividend payout from profit, with DPS of PLN 7.86 in 2024 and continued policy in 2025.

Financial highlights

• Net banking income reached PLN 8.2 billion in 2025 (+5.6% y/y), with net interest income at PLN 5.9 billion (+2.6% y/y) and net fee and commission income at PLN 1.3 billion (+1.0% y/y).

• Net profit was PLN 3.1 billion in 2025 (+29.7% y/y) and PLN 2.36 billion in 2024 (+132.9% y/y); cost of risk improved to -30 b.p. in 2025.

• NIM was 3.8% in 2024 and 3.75% in 2024 (+19 bps y/y).

• Cost/income ratio improved to 41.2% in 2025 (-2.1 p.p. y/y), with C/I below 48% target.

• Sustainable financing reached PLN 13.6 billion in 2025 (+33.9% y/y), up from PLN 10.2 billion in 2024.

Outlook and guidance

• Management intends to maintain a 50% dividend payout policy.

• "Accelerate 2030" strategy aims to expand customer base, increase market share, and boost operational efficiency.

• Credit demand expected to rise as economic conditions improve, with reference rate cuts anticipated in H2 2025.

• Focus on sustainable transformation, digitalization, and AI-driven operational efficiency.

• ESG and sustainable financing remain strategic priorities.