- PKO Bank Polski’s net income for the 4th quarter was 681 million zloty, missing the estimated 701.5 million zloty by 20.5 million zloty.
- The bank’s net income dropped by 60% year on year.
- Net interest income exceeded estimates, reaching 5.08 billion zloty, a 24% increase from the previous year.
- Net Fee and Commission income was higher than expected, at 1.24 billion zloty, marking an 11% growth year on year.
- The Return on Equity (ROE) was 6%, significantly lower than the 20.1% of the previous year.
- Net interest margin improved to 4.53% compared to 4.19% the previous year.
- The ratio of non-performing loans was 3.44%, lower than the previous year’s 3.8% and the estimated 3.7%.
- The Cost to Income Ratio slightly increased to 31.7% from 31.3% the previous year, but was lower than the estimated 33.3%.
- The cost of risk rose to 0.61% from 0.46% the previous year.
- For the full year of 2023, the net income was 5.50 billion zloty, a 66% increase year on year.
- The ROE for the 12 months was 13.3%, up from 9.6% the previous year.
- The bank’s management intends to pay a dividend in 2024 and will propose it once it receives an individual recommendation from the KNF regulator.
- The bank has received 13 buy recommendations, 3 hold recommendations, and 1 sell recommendation.
A look at Powszechna Kasa Oszczednosci B Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Powszechna Kasa Oszczednosci B, a Polish commercial bank, has a positive long-term outlook according to the Smartkarma Smart Scores. The company scores well in several key factors, including value, growth, and momentum, indicating a strong overall outlook. Powszechna Kasa Oszczednosci B is known for attracting deposits and offering a wide range of banking services to both institutional and individual clients in Poland. With solid scores in value and growth, the bank is positioned to continue its success in the long run.
Despite some slightly lower scores in resilience and dividends, Powszechna Kasa Oszczednosci B remains a strong player in the Polish banking market. Its high score in momentum suggests that the company is on an upward trajectory and is well-positioned for future growth. As a reliable and reputable bank, Powszechna Kasa Oszczednosci B is a solid choice for those seeking banking services in Poland. With a strong overall outlook, this company is one to watch in the long-term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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