Santander Bank Polska net profit in Q3 hardware PLN 543.8 million above expectations
2021-10-27 08:04
publication
2021-10-27 08:04
The net profit of the Polska group belongs to the owners of Santander Bank, which in 2021 will grow to PLN 543.8 million from PLN 479 million a year earlier – the bank in the sector informed8. The bank’s profit turned out to be 18 percent. prediction of the forecast, based on the expected amount of PLN 460 million.
The expectations of 8 brokerage houses as to the net profit of Santander Bank Polska for the third quarter ranged from PLN 312 million to PLN 554 million.
The bank reported a lower-than-expected balance of provisions. Loan impairment losses amounted to PLN 223.6 million, i.e. they were 19%. lower than consensus. The market expected write-offs at the level of PLN 275.1 million, with expectations of PLN 236 million.
It shows interest in a credit bank, PLN 1.443.9 million, and it was in line with the analysts’ expectations, which they hoped would amount to PLN 1.438.7 million (in the case of PLN 1.420 – PLN 1.467 million).
The result on fees and commissions was PLN 634.9 million and was 3 percent. market estimates, which expected PLN 615.6 million (expectations ranged from PLN 610 million to PLN 629 million).
The results of the Santander Bank Polska group in response to 2021 and their reference to the PAP consensus and previous results | |||||
---|---|---|---|---|---|
in PLN million | 3Q2021 | consensus | difference | ||
MUSH | |||||
Interest result | 1,443.9 | 1,438.7 | 0.4% | ||
Commission result | 634.9 | 615.6 | 3.1% | ||
Total costs | 879.8 | 879.6 | 0.0% | ||
The balance is reserving | -223.6 | -275.1 | -18.7% | ||
Net profit | 543.8 | 460.0 | 18.2% | ||
3Q2021 | 3Q2020 | difference | 2Q2021 | difference | |
in PLN million | yyyyy | kdk | |||
Interest result | 1 444 | 1 383 | 4.4% | 1,411 | 2.3% |
Commission result | 635 | 553 | 14.9% | 600 | 5.8% |
Total costs | 880 | 875 | 0.5% | 875 | 0.6% |
The balance is reserving | -224 | -359 | -37.7% | -264 | -15.3% |
Net profit | 544 | 480 | 13.3% | 223 | 144.4% |
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