CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and can afford the risks. Trading CFDs is high risk and is not suitable for everyone. Refer to our PDS and Target Market Determination. AFSL 513393
Open platformOpen platform

Erste Bank Polska meets third-quarter profit expectations

By Reuters News

GDANSK, Poland, Oct 30 (Reuters) - Erste Bank Polska EBP.WA, formerly Santander Bank Polska, reported a third-quarter profit in line with market expectations on Friday, as its growing mortgage portfolio and resilient net interest income helped offset Poland's bank tax hike aimed at funding defence spending.

Erste BP said its net profit fell 21% to 1.49 billion zlotys ($379.1 million), against a median forecast of 1.48 billion zlotys from analysts polled by Reuters.

  • Net interest income rose 3% to 3.30 billion zlotys, beating analysts' forecast of 3.24 billion, fuelled by strong mortgage lending

  • Net fee and commission income fell 11% to 643.4 million zlotys, below the forecast of 766 million, affected by falling retail segment and a 91% jump in commission costs

  • The lender's quarterly corporate income tax burden rose 60% from a year ago to 781.1 million zlotys

  • It set aside 109.3 million zlotys for legal risk costs associated with foreign-currency mortgages, down 35.1% from last year

  • Austria's Erste Bank ERST.VI, which bought and rebranded the Polish lender earlier in 2026, said on Friday it would launch the previously announced tender to increase its stake on Monday

($1 = 3.9300 zlotys)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.