Poland - Factors to Watch April 30

Erste Bank Polska SA

30/04/2025 06:49

WARSAW, April 30 - The following are significant news stories, press reports and events on Wednesday. ALL TIMES GMT (Poland: GMT + 2 hours):

DATA

On Wednesday at 0800, the statistical office published a flash estimate of inflation in Poland in April. Analysts polled by Reuters estimate it fell to 4.3% year-on-year from 4.9% in March.

MACROECONOMIC FORECASTS

Poland's finance ministry expects the country's gross domestic product to grow by 3.7% in 2025, up from 2.9% growth in 2024, it said on Tuesday. The ministry also expects 2025 annual inflation of 4.5%, a general government deficit of 6.3% of GDP and general government debt of 57.8% of GDP, it said.

PEKAO SA

Poland's lender Bank Pekao PEO.WA on Wednesday posted a 11.1% year-on-year rise in its first-quarter net profit thanks to higher net interest income.

Net profit reached 1.69 billion zlotys ($450.35 million), beating expectations of 1.53 billion zlotys seen in a company-compiled consensus.

SANTANDER BANK POLSKA

The Polish unit of Spanish lender Santander SAN.MC posted a 10.8% jump in first-quarter net profit on Wednesday, driven by higher net interest income and lower costs related to Swiss franc loans.

Santander Bank Polska SPL1.WA, the country's second-biggest lender by market capitalisation, said quarterly net profit amounted to 1.73 billion zlotys ($461.12 million), above the 1.62 billion zlotys expected by analysts in a Reuters poll.

MBANK

Commerzbank's CBKG.DE Polish unit mBank MBK.WA on Wednesday posted a 169% rise in first-quarter profit supported by lower costs from legal risks related to foreign currency loans.

Net profit was 705.7 million zlotys ($188.06 million) in the quarter, compared with 262.5 million zlotys a year ago. That exceeded analysts' average forecastfor a profit of 622 million zlotys.

****Reuters has not verified stories reported by Polish media and does not vouch for their accuracy.****

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 (Reporting by Warsaw Bureau)

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