Solid result driven by strong income growth, cost and risk control, which allowed to offset the increase in legal risk costs

Reported net profit for the 1 quarter 2023 at the level of PLN 1.45 bn, ROE 15.7%

Further growth of net interest income and NIM

High level of cost effectiveness with C/I ratio at 35.8%

Effective risk management with CoR at 59 bps, NPL at a record low level of 3.74% and high level of coverage ratio

Solid capital base with Tier 1 at 17.42%, +76 bps q/q

Continuation of provision recognition for legal risk related to CHF loans, in the amount of PLN 967 mln

 

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