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CURRENT REPORTS

 

 
INFORMATION FOR INVESTORS
 
   Consensus 2026 Consensus  2027 Number of
forecasts
PLN MM Average Max Min Average Max Min
Net interest income 2 013 2 472 1 893 1 873 2 030 1 732 8
Net fee & commission income 450 490 428 451 498 415 8
Other operating result 561 700 459 554 702 368 8
Revenue 3 025 3 421 2 828 2 894 3 099 2 620 8
General admin costs & depreciation (894) (1 155) (785) (826) (893) (704) 8
Net provisions (46) (72) (20) (59) (88) (16) 8
Operating income 2 805 2 224 1 920 2 010 2 150 1 883 8
Net profit 1 455 1 710 1 198 1 400 1 480 1 264 8
 
Total assets 64 437 83 517 51 776 67 049 86 023 51 684 7
Loans 18 988 22 991 14 169 20 428 25 288 15 653 7
Deposits 41 404 46 817 32 426 43 693 49 975 32 588 7

The above earnings consensus was prepared by IR team basing on reports of sell-side analysts covering Bank Handlowy (see the list of sell-side analysts). Last update: 2026/04/08. The oldest recommendation: 2025/01/23.

 

List of institutions that issue recommendations for the shares of Bank Handlowy w Warszawie S.A.

Institution www Phone E-mail
Dom Maklerski mBanku www.mdm.pl 22 697 49 49 mdm@mbank.pl
Dom Maklerski BOŚ www.bossa.pl (22) 50 43 104 makler@bossa.pl
Santander Biuro Maklerskie www.santander.pl/inwestor +48 61 856 44 45 bm.inwestor@santander.pl
Dom Maklerski PKO BP www.dm.pkobp.pl (22) 521-80-20  
ERSTE Securities Polska www.esp.pl +48 22 53 86 200  
Haitong Bank – Warsaw Branch www.haitongib.com +48 22 34 74 000 info@haitongib.com
IPOPEMA Securities www.ipopemasecurities.pl +48 (22) 236 92 00 ipopema@ipopema.pl
Millennium Dom Maklerski www.millenniumdm.pl (22) 598-26-00/01 kancelaria@millenniumdm.pl
Pekao Investment Banking www.cdmpekao.com.pl (22) 591 24 90  
Raiffeisen Centrobank AG www.rcb.at/en/ +43 15 15 200 office@rcb.at
Trigon Dom Maklerski www.trigon.pl +48 22 330 11 11 recepcja@trigon.pl
Wood & Company www.wood.cz +48 22 222 1530  

Bank Handlowy w Warszawie S.A. has full rating from Fitch Ratings.

 

 
Long-term Issuer Default Rating (IDR) A+ Outlook negative  
Short-term Issuer Default Rating (IDR) F1+    
Viability rating* BBB+    
Shareholder Support Rating a+    
National Long-Term Rating AAA Outlook stable  
National Short-Term Rating F1+    
Long-term deposits A+    
Short-term deposits F1+    
       

Last update 17th June 2026

* Viability rating represents the Fitch's view as to the intrinsic creditworthiness of an issuer, excluding any impact of external factors.

History of ratings, xls file (28 KB)

Taking into consideration the adoption of the Strategy in December 2021, the Bank developed guidelines for the distribution of the Bank's net income for the years 2022 - 2024. The guidelines assume that the Bank will allocate most of its profits to dividend payments and the dividend payout ratio has been set at no less than 75% of the Bank's net profit, taking into account the stance of the Polish Financial Supervision Authority regarding the dividend policy of banks. 

The table presents the history of dividends paid by Bank Handlowy w Warszawie S.A. since 1997, i.e. since the Bank's debut on the WSE.

Year Dividend (PLN MM) Dividend per share (PLN) Dividend payout ratio Dividend declaration day Dividend day Dividend payout day
2023 1 454,9 11,15 65,00%**** 19-06-2024 27-06-2024 04-07-2024
2022 1 175,9 9,00 74,9% 26-04-2023 08-05-2023 15-05-2023
2021 714,8 5,47 100% 23-06-2022 01-07-2022 11-07-2022
2020 156,8 1,20 99,2% 17-06-2021 15-09-2021 22-09-2021
2019*** - - - - - -
2018 488,7 3,74 74,82% 05-06-2019 13-06-2019 24-06-2019
2017 537,0 4,11 99,98% 08-06-2018 18-06-2018 25-06-2018
2016 591,8 4,53 97,96% 22-06-2017 03-07-2017 20-07-2017
2015 611,4 4,68 98,60% 21-06-2016 04-07-2016 21-07-2016
2014 970,8 7,43 99,94% 22-06-2015 06-07-2015 24-07-2015
2013 934,2 7,15 99,94% 24-06-2014 07-07-2014 29-08-2014
2012 756,5 5,79 75,00% 20-06-2013 05-07-2013 30-08-2013
2011 360,6 2,76 50,00% 20-06-2012 05-07-2012 31-08-2012
2010 747,4 5,72 99,91% 01-06-2011 16-06-2011 29-07-2011
2009 492,6 3,77 94,00% 28-06-2010 05-07-2010 30-08-2010
2008** - - - - - -
2007 620,6 4,75 76,80% 19-06-2008 04-07-2008 29-08-2008
2006 535,7 4,10 86,35% 21-06-2007 05-07-2007 31-08-2007
2005 470,4 3,60 79,83% 22-06-2006 05-07-2006 31-08-2006
2004 1 564,0 11,97 *) 26-06-2005 25-07-2005 01-09-2005
2003 241,7 1,85 99,70% 24-06-2004 26-07-2004 01-09-2004
2002 241,7 1,85 99,60% 25-06-2003 25-07-2003 01-09-2003
2001 163,3 1,25 99,81% 27-06-2002 26-07-2002 02-09-2002
2000 130,7 1,00 63,83% 25-06-2001 26-07-2001 03-09-2001
1999 186,0 2,00 39,37% 30-06-2000 26-07-2000 04-09-2000
1998 93,0 1,00 30,84% 22-06-1999 26-07-1999 01-09-1999
1997 130,0 1,40 22,51% 31-03-1998 22-04-1998 02-06-1998

Data on the dividend is available for download here Dividend, xls file (16 KB)

Source: current reports of Bank Handlowy w Warszawie SA
* 100% Dividend pay-out ratio of net profit plus prior year profits
** On 18 June 2009 the Ordinary General Meeting of Shareholders of Bank Handlowy w Warszawie S.A. resolved no dividend for 2008 should be paid and net profit should be distributed as follows:
1) allocation to the reserve capital - PLN 570,663,986.61
2) allocation to general risk fund - PLN 75,000,000.00
*** On June 4, 2020, the Ordinary General Meeting of Shareholders of Bank Handlowy w Warszawie S.A. decided to leave the entire profit for 2019 undivided
**** On September 29, 2023, the Bank got a decision of the Polish Financial Supervision Authority on the consent for recognition part of first half of 2023 net profit (PLN 800,000,000) in Tier 1 capital

Please check information for investors

Upcoming Events:

  • November 5, 2026
    3Q 2026 consolidated financial report

Past events:

  • August 27, 2026
    1H 2026 consolidated semi-annual report
  • May 7, 2026
    1Q 2026 consolidated financial report
  • March 17, 2026
    2025 Stand-alone and consolidated annual report
  • November 13, 2025
    3Q 2025 consolidated financial report

  • August 28, 2025
    1H 2025 consolidated semi-annual report

  • May 8, 2025
    1Q 2025 consolidated financial report

  • March 12, 2025
    2024 Stand-alone and consolidated annual report

  • November 13, 2024
    3Q 2024 consolidated financial report

  • August 30, 2024
    1H 2024 consolidated semi-annual report

  • May 9, 2024
    1Q 2024 consolidated financial report

  • March 22, 2024
    2023 Stand-alone and consolidated annual report

  • February 14, 2024
    2023 preliminary consolidated financial results