Brief: Poland's BNP Paribas BP Q2 Net Profit Up At 459.6 Mln Zlotys

BNP Paribas Bank Polska SA

10/08/2023 05:58

Aug 10 (Reuters) - BNP Paribas Bank Polska SA  BNP1.WA :
    * Q2 NET PROFIT 459.6 MILLION ZLOTYS VERSUS 257.7 MILLION
ZLOTYS
YEAR AGO
    * Q2 NET INTEREST INCOME 1.24 BILLION ZLOTYS VERSUS 1.15
BILLION
ZLOTYS YEAR AGO
    * Q2 NET FEE AND COMMISSION INCOME 307.9 MILLION ZLOTYS
VERSUS
294.9 MILLION ZLOTYS YEAR AGO
    * GROSS BALANCE SHEET VALUE OF MORTGAGE AND HOUSING LOANS
GRANTED
TO INDIVIDUAL CUSTOMERS IN CHF AS OF 30 JUNE 2023 AMOUNTED TO
PLN 3.39 BLN, COMPARED TO PLN 4.09 BLN AT END OF 2022
    * AS OF 30 JUNE 2023 BANK WAS DEFENDANT IN 4,507 (1,311 NEW
CASES
IN 2023) PENDING COURT PROCEEDINGS REGARDING FX LOANS
    * IN H1 2023, BANK USED PLN 213.8 MILLION OF PROVISION FOR
LEGAL
RISK OF CHF LOANS IN CONNECTION WITH CONCLUDED SETTLEMENTS (IN
2022 BANK USED PLN 150 MILLION OF PROVISION)
    * AS OF 30 JUNE 2023, BANK HAS MADE INDIVIDUAL SETTLEMENT
PROPOSALS TO 12,120 CUSTOMERS AND 3,399 CUSTOMERS ACCEPTED TERMS
OF PROPOSALS PRESENTED OUT OF WHICH 2,617 SETTLEMENTS WERE
SIGNED
    * AT END OF JUNE 2023, BANK DOES NOT OBSERVE INCREASED
CREDIT RISK
FOR NEW LOAN PRODUCTION AS WELL AS FOR EXISTING MORTGAGE LOAN
PORTFOLIO
    * BOTH VINTAGE RATIOS AND NPL LEVELS IN MORTGAGE SEGMENT ARE
STABLE, AT LEVELS NOT HIGHER THAN THOSE OBSERVED IN POLISH
BANKING MARKET

Source text for Eikon:  ID:nEM182TJGa 
Further company coverage:  BNP1.WA 

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