Earnings Poll: Santander Bank Polska's fourth-quarter profit seen rising 70% on lower provisions

Erste Bank Polska SA

02/02/2026 13:07

Santander Bank Polska Q4 results due February 4

Net profit seen rising over 70% to 1.56 billion zlotys

Lower FX legal risk provisions expected to offset fall in interest income

Feb 2 (Reuters) - Santander Bank Polska SPL1.WA is expected to report that fourth-quarter net profit rose by more than 70% year-on-year, driven mainly by lower provisions for legal risks linked to its foreign currency loans, a Reuters poll showed on Monday.

Swiss franc mortgages, popular in the 2000s, have burdened Polish banks with costly lawsuits since a spike in the Swiss currency drove up repayment costs.

The lower provisions are expected to offset a predicted 12.7% fall in net interest income after Poland's central bank cut interest rates six times last year by a total of 175 basis points to 4.00%.

The lender's quarterly net profit is seen at 1.56 billion zlotys ($439.03 million), bringing the full-year total to 6.2 billion zlotys.

The results will follow a shift in ownership structure after Spain's Santander SAN.MC sold a 49% stake in the lender to Austria's Erste Group ERST.VI for 6.8 billion euros ($8.1 billion) in May.

The following table summarises market forecasts for Santander BP's fourth quarter results:

  (Figures in millions of zlotys unless otherwise stated)

Net Interest Income
Net Fee Income
Net profit
Average
3152
744
1612
Median
3164
738
1556
Lowest
3102
734
1398
Highest
3205
758
1845
No. of forecasts
5
5
5
Q4 2024
3625
726
913
Q3 2025
3195
725
1889

Forecasts provided by: mBank BM, Trigon DM, DM BOŚ, BM Bank Millennium, BM PKO BP

($1 = 3.5533 zlotys)

($1 = 0.8435 euros)

 (Reporting by Rafal Nowak in Gdansk; Editing by Susan Fenton)

 ((RafalWojciech.Nowak@thomsonreuters.com; +48 58 769 66 63;))