Solid result thanks to record income level, operational efficiency and stable cost of credit risk, which offset a significant increase in the cost of provisions for CHF legal risk
Reported net profit for the first half of 2023 of PLN 2.0 bn, ROE 10.6%, excluding extraordinary items - PLN 5.0 bn net profit, 22.3% ROE
Further growth of net interest income with increase of volumes above market dynamics and stabilization of quarterly interest margin
High level of cost effectiveness with C/I ratio at 32.9% despite visible price pressure on the dynamic of operating costs
Effective risk management with CoR at 53 bp, NPL at a record low level of 3.64%
and high level of coverage ratio
Solid capital base with Tier 1 at 18.75%, +132 p.b. q/q