Earnings Poll: Santander's Polish bank Q4 net profit seen down 15% y/y

Powszechna Kasa Oszczednosci Bank Polski SA

04/02/2025 11:11

* 
      Santander Bank Polska Q4 results due Feb. 5
    

        * 
      Net profit seen at 830 mln zlotys
    

  
       GDANSK, Feb 4 (Reuters) - The Polish arm of Spanish bank
Santander  SAN.MC  is expected to post a 15% year-on-year fall
in fourth-quarter net profit, due mainly to higher costs related
to Swiss franc loans, a Reuters poll showed on Tuesday.
    Santander Bank Polska  SPL1.WA  is seen posting a net profit
of 830 million zlotys ($203 million) in the fourth quarter,
which would raise its full-year result to 5.13 billion zlotys
versus last year's 4.80 billion, according to the average
forecast in a survey of five banks and brokerages.
        Annual net profit is expected to be affected mainly by
1.17 billion zlotys booked in the fourth quarter for legal costs
related to mortgage loans in Swiss francs, analysts said.

    The following table summarises forecasts for Santander Bank
Polska results:
    
(Figures in millions of zlotys unless stated otherwise)    
    
                  FOURTH QUARTER OF 2024
==================================================
               Net Income  Net Interest  Net Fee     
                             Income      Income    
===================================================
  Median           847         3626         729    
  Average          830         3626         728  
  Lowest           703         3623         718     
  Highest          943         3630         735  
 No. of f'casts     5           5            5       
  Q4 2023          980         3428         710      
  Q3 2024          1940        3576         727    

Forecasts provided by: DM BOS, DM mBank, Erste Group, Pekao BM,
PKO BP.

($1 = 4.0831 zlotys)

 (Reporting by Anna Banacka.
Editing by Mark Potter)
 ((anna.banacka@thomsonreuters.com; 48 58 769 65 65))