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Polish banks profit outlook and results

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2026-07-30 01:43 UTC → 2026-07-30 11:15 UTC · added removed

Polish banks and retailers profit growth outlook and results

In late July 2026, Polish companies posted strong earnings. Retailer OBI reported posted a modest net‑profit rise for 2025 despite a drop in industry revenues, while mBank delivered its strongest quarterly profit ever, driven by higher interest income and cost reductions. The following day analysts forecasted Analysts forecast that the nine largest listed Polish banks would see post a combined net profit increase of about 13 % 9.15 billion PLN in Q2 2026. The boost is expected even though 2026 – roughly 13 % up from the sector faces previous quarter and only slightly below the same period a higher year earlier. The outlook reflected a modest 0.3 % rise in interest income, a sharp increase in the corporate‑tax rate burden after the banking CIT rose from 19 % to 30 %, and a slight dip continued fall in interest income. the reference rate to 3.75 %. Expanding credit volumes, especially loan books – household credit up 7.4 % and business loans, credit nearly 10 % YoY – and a sharp the fall in Swiss‑franc‑loan costs from Swiss‑franc loans are seen to just over 1 billion PLN were cited as key supports for profitability. Together, profit supports. On the results same day, Bank Pekao SA reported a Q2 net profit of about 1.52 billion PLN, a 5.3 % YoY decline but a 23 % quarter‑on‑quarter gain, beating forecasts, while commission income rose 8.8 % YoY. Its loan portfolio reached 213.6 billion PLN, with mortgage sales up 42 % and forecasts highlight continued resilience double‑digit credit growth. Bank Millennium posted a record loan book of over 81 billion PLN, up 10 % YoY, deposits up 16 %, and profit growth in Poland’s banking mortgage lending surging 282 % from a low base. Both banks highlighted robust credit expansion and retail sectors resilience despite broader economic pressures such as higher taxes and a falling reference policy rate. Together, these results underline the continued resilience and profitability of Poland’s banking sector amid higher taxes, lower rates and ongoing cost reductions.

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  1. 2026-07-30 11:15 UTC Polish banks profit outlook and results
  2. 2026-07-30 01:43 UTC Polish banks and retailers profit growth

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