FINANCIAL RESULTS
Przemek Gdański
President of the BNP Paribas Bank Polska Management Board
2025 was the last year when we were guided by the GObeyond strategy. We significantly exceeded the financial targets set at the outset of that journey. The last 12 months of the strategy’s horizon were a year of record-breaking results.
In 2025, we focused on growth and steady improvement of efficiency with new technology and process enhancements in place. We have increased the value of our loan portfolio, simultaneously substantially increasing financing of corporates, including both investment and working capital loans. Sustainable financing remains our strategic priority -in this area, we have achieved growth up to PLN 13.6 billion (+33.9% year-on-year) of the total value of financing granted. At the same time, our deposit base continued to grow. In December, our majority shareholder BNP Paribas completed Accelerated Book Building (ABB) and sold 9.2 million BNP Paribas Bank Polska shares, representing approximately 6.2% of the Bank’s equity, which increased the number of the Bank’s free float shares on the Warsaw Stock Exchange.
I believe that alongside the good 2025 results, it was driven by favourable reception of the Bank’s new strategy – Accelerate 2030, which focuses on profitable, dynamic growth and operational efficiency improvement. The Group’s key ambitions for the next five years include significantly increasing the scale of operations (expanding the number of Customers served and strengthening its market share of loans and deposits) while maintaining a prudent approach to risk and a strong focus on profitability, as well as enhancing the operation through further digitalisation and strict cost discipline.
I am positive that out experience, resilience and flexibility, combined with the invaluable support of the BNP Paribas Group, the biggest bank in the European Union, are all the assets we need to successfully pursue the ambitious objectives of our new strategy.
Key figures
Summary of 2025 results
In 2025, the Group completed the implementation of the GObeyond strategy, launched in 2022, which focused on organic growth while maintaining a responsible approach to risk management.
In December 2025, the Bank’s Supervisory Board approved the BNP Paribas Bank Polska S.A. Group Strategy for 2026–2030, “Accelerate 2030”. The strategic objectives presented in the document are very ambitious. We plan, among others, to grow the base of active Retail Customers by 1 million net, to increase our market share in corporate loans to 10%, to achieve annual average growth of income at 6%, to reduce the C/I to less than 38%, and to generate return on tangible equity (ROTE) of 22% in 2030. The three pillars of the Accelerate 2030 strategy are: Expand (growing the scale of operations and the Customer base), Streamline (improving operational efficiency with new technology), and Impact (support Customers in sustainable transition).
Despite the continuation of the monetary policy easing cycle and six interest rate cuts, totalling 175 bps in 2025, the banking sector generated a record net profit (PLN 48.7 billion, +21.5% y/y, according to NBP data). The growth of the loan portfolio, as well as a relatively high share of fixed-rate instruments in assets (such as mortgage loans or treasury bonds), reduced the sensitivity of financial results to a decline in interest rates. The results were negatively impacted by legal and regulatory burdens imposed on the sector, such as the tax on certain financial institutions or pressure from the costs of CHF loan provisions, as well as rising labour costs and contributions to guarantee funds. In 2025, the sector generated a double-digit return on equity, which confirms the effectiveness of the constant focus on improving operational efficiency.
Net profit
PLN 3,058 million-
-
+30 %
y/y
-
Thanks to our business model, consistently implemented strategy and lower although still significant impact of legal risk related to the CHF loan portfolio, we generated a net profit of PLN 0.7 billion, i.e. 30%, higher than in 2024. The Group recorded an increase in the net banking income and improved its capital position. Despite inflationary pressure and a significant increase in BGF costs, the operating costs increased slightly (+0.5%) y/y. The impact of legal risk related to the CHF loan portfolio charged the Group’s results with an amount of nearly PLN 500 million in 2025.
Statement of profit or loss
The Group’s net banking income was higher by 6% compared to 2024 and amounted to PLN 8.2 billion. Significant factors influencing net banking income in 2025 and its comparability to 2024 included macroeconomic conditions and the interest rate policy of central banks, impacting among others Customers’ economic activity and the situation on the financial markets.
Net banking income
-
-
7,753 PLN million
2024
-
8,185 PLN million
2025
-
+6 %
y/y
-
The net interest margin in relation to average assets amounted to 3.5% and was 0.1 p.p. lower y/y, which resulted from gradual interest rate cuts in 2025.
The level of general administrative expenses and depreciation in 2025 increased by only 0.5% compared to 2024, despite a 36% increase in the total costs of the Bank Guarantee Fund (net of the BGF costs, the total costs would have decreased by 1.1%). General administrative expenses in 2025 were positively impacted by a review of the cost base, particularly the costs of advisory services, including services provided by the Group, and the costs of legal advisory on the CHF mortgage loan portfolio. The cost/income (C/I) ratio, calculated based on reported figures, was lower by 2.1 p.p. compared to 2024. This change was due to income growing faster than costs despite higher regulatory charges (BGF).
The high quality of the loan portfolio and timely servicing of loans translated into a low cost of risk. The share of NPLs in the gross loans and advances portfolio (as defined by the Group in the Management Board’s Report on the Activities) was 2.8% at year-end 2025.
In 2025, the Group’s return on equity (ROE) increased by 1.8 p.p and stood at 18.7%.
Statement of financial position
Total assets
-
-
167,540 PLN million
2024
-
180,725 PLN million
2025
-
+8 %
y/y
-
The Group’s total assets as at the end of 2025 were higher by PLN 13.2 billion compared to the end of 2024. The most significant changes in the Group’s asset structure compared to the end of 2024 were an increase in the share of the securities portfolio and receivables from banks, and a decrease in the share of cash and balances at the Central Bank and the loan portfolio (sum of portfolios measured at amortised cost and at fair value).
In 2025, there was a further increase in the total value of Customer deposits. This trend was noticeable both in the segment of Institutional Customers (+9% y/y) and Retail Customers (+7% y/y). The share of current accounts increased by 0.7 p.p. and stood at 66.9%, while the share of term deposits decreased to 32.1%.
At the end of 2025, net loans and advances to Customers (the sum of portfolios measured at amortised cost and measured at fair value) increased by PLN 5.3 billion compared to the end of 2024. The portfolio of Retail Customers increased by 5% (including a 6% increase in the value of mortgage loans). The loan portfolio of Institutional Customers increased by 7% y/y, mainly as a result of an increase in the portfolio of loans and advances to business entities combined with a decrease in lease receivables.
The Tier 1 ratio at the end of 2025 was 13.60%, and the total capital ratio was 16.86%. Both ratios remain significantly above regulatory requirements.
| 2023 | 2024 | 2025 | Change 2025/2024 | ||
|---|---|---|---|---|---|
Statement of financial position (PLN million)
|
Total assets | 161,026 | 167,540 | 180,725 | 7.9% |
| Total net loans and advances to customers (sum of portfolios measured at amortised cost and measured at fair value through profit or loss) | 86,248 | 85,854 | 91,174 | 6.2% | |
| Deposits | 126,714 | 130,475 | 140,888 | 8.0% | |
Statement of profit or loss (PLN million)
|
Net profit | 1,013 | 2,358 | 3,058 | 29.7% |
| Net profit normalized1 | 967 | 2,415 | 3,058 | 26.6% | |
| Net banking income | 7,283 | 7,753 | 8,185 | 5.6% | |
| Result on provisions for legal risk related to foreign currency loans | (1,978) | (796) | (499) | (37.3%) | |
| Net impairment losses on financial assets and contingent liabilities | (34) | (246) | (174) | (29.1%) | |
| General administrative expenses & depreciation and amortisation | (3,096) | (3,352) | (3,369) | 0.5% | |
Financial ratios
|
Net ROE | 8.2% | 16.9% | 18.7% | 1.8 p.p. |
| Net ROE normalized1 | 7.7% | 17.3% | 18.7% | 1.5 p.p. | |
| C/I | 42.5% | 43.2% | 41.2% | (2.1 p.p.) | |
| C/I normalized2 | 41.1% | 41.0% | 38.8% | (2.3 p.p.) | |
| Net interest margin | 3.43% | 3.56% | 3.46% | (0.10 p.p.) | |
| Cost of risk | (0.04%) | (0.28%) | (0.19%) | 0.09 p.p. | |
| Total Capital Ratio (TCR) | 16.67% | 17.20% | 16.86% | (0.34 p.p.) | |
- normalised values calculated excluding credit holidays in 2023-2024
- normalised values calculated excluding credit holidays and BGF costs
