Investor Presentation - Q2 2021
Summary of financial results: Profit and Loss Account
PLN million
Q2 2020
Q1 2021
Q2 2021
A QOQ
ΔΥΟΥ
Net interest income
1,006.6
946.9
961.5
+1.5%
-4.5%
Net fee and commission income
362.9
468.1
452.6
-3.3%
+24.7%
Total income
1,469.5
1,538.8
1,442.8
-6.2%
-1.8%
Total costs (excluding BFG)
-538.7
-511.2
-555.3
+8.6%
+3.1%
Contributions to the BFG¹
-32.8
-153.5
-25.0
-83.7%
-23.8%
Loan loss provisions and fair value change²
-352.2
-164.7
-228.4
+38.6%
-35.2%
Costs of legal risk related to FX loans
-189.0
-66.3
-248.5
+275.0%
+31.5%
Operating profit
356.8
643.1
385.7
-40.0%
+8.1%
Taxes on the Group balance sheet items
-138.4
-138.8
-147.2
+6.0%
+6.3%
Profit before income tax
218.4
504.3
238.5
-52.7%
+9.2%
Net profit
87.0
317.1
108.7
-65.7%
+24.9%
Net interest margin
Cost/Income ratio
Cost of risk
Return on equity (ROE)
Return on assets (ROA)
2.34%
2.10%
2.04%
-0.06pp
-0.30pp
38.9%
43.2%
40.2%
-3.0pp
+1.3pp
1.29%
0.59%
0.80%
+0.21pp
-0.49pp
2.1%
7.7%
2.6%
-5.1pp
+0.5pp
0.20%
0.68%
0.22%
-0.46pp
+0.02pp
1 Including annual contributions to the Resolution Fund of PLN 130.4 million in Q1/21
2 Sum of 'Impairment on financial assets not measured at fair value through profit or loss' and 'Gains or losses on non-trading financial assets mandatorily at fair value through profit or loss' related to loans
Investor Presentation - Q2 2021
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