Financial and
ESG report 2020

Financial highlights

Financial highlights

Amount ‘000 PLN Amount ‘000 EUR
1.01.2020 – 31.12.2020 1.01.2019 – 31.12.2019 1.01.2020 – 31.12.2020 1.01.2019 – 31.12.2019
Interest income and other of similar nature 3 092 119 3 374 836 691 100 784 517
Fee and commission income 947 414 899 887 211 750 209 188
Profit (loss) before income tax 210 935 835 343 47 145 194 185
Profit (loss) after taxes 22 817 560 732 5 100 130 348
Total comprehensive income of the period 152 581 557 133 34 102 129 512
Net cash flows from operating activities (3 137 601) (570 674) (701 265) (132 659)
Net cash flows from investing activities 2 035 786 (912 588) 455 006 (212 141)
Net cash flows from financing activities (1 064 540) 715 363 (237 929) 166 294
Net cash flows, total (2 166 355) (767 899) (484 188) (178 506)
Earnings (losses) per ordinary share (in PLN/EUR) 0.02 0.46 0.00 0.11
Diluted earnings (losses) per ordinary share 0.02 0.46 0.00 0.11
31.12.2020 31.12.2019 31.12.2020 31.12.2019
Total Assets 97 771 785 97 916 394 21 186 570 22 993 165
Liabilities to banks and other monetary institutions 1 057 652 1 578 848 229 187 370 752
Liabilities to customers 81 510 540 81 454 765 17 662 854 19 127 572
Equity 9 090 976 8 941 519 1 969 961 2 099 687
Share capital 1 213 117 1 213 117 262 875 284 870
Number of shares (pcs.) 1 213 116 777 1 213 116 777 1 213 116 777 1 213 116 777
Book value per share (in PLN/EUR) 7.49 7.37 1.62 1.73
Diluted book value per share (in PLN/EUR) 7.49 7.37 1.62 1.73
Total Capital Ratio (TCR) 19.49% 20.09% 19.49% 20.09%
Pledged or paid dividend per share (in PLN/EUR)

Exchange rates accepted to convert selected financial data into EUR
for items as at the balance sheet date 4.6148 4.2585
for items for the period covered by the report
(exchange rate calculated as the average of exchange rates at the end of individual months of the period)
4.4742 4.3018

Quarterly financial information

Consolidated income statement

Amount ‘000 PLN 1.01.2020 -31.12.2020 1.10.2020 -31.12.2020* 1.01.2019 -31.12.2019 1.10.2019 -31.12.2019*
Net interest income 2 548 600 621 431 2 436 919 692 813
Interest income and other of similar nature 3 092 119 662 039 3 374 836 947 170
Income calculated using the effective interest method 3 018 124 646 986 3 247 640 913 088
Interest income from Financial assets at amortised cost 2 704 672 597 735 2 852 907 812 127
Interest income from Financial assets at fair value through other comprehensive  income 313 452 49 251 394 733 100 961
Income of similar nature to interest from Financial assets at fair value through profit or loss 73 995 15 053 127 196 34 082
Interest expenses (543 519) (40 608) (937 917) (254 357)
Net fee and commission income 746 056 192 730 699 153 182 647
Fee and commission income 947 414 240 546 899 887 238 789
Fee and commission expenses (201 358) (47 816) (200 734) (56 142)
Dividend income 3 678 136 3 214 275
Result on derecognition of financial assets and liabilities not measured at fair value through profit or loss 128 082 50 059 38 027 3 718
Results on financial assets and liabilities held for trading 47 896 7 841 68 187 17 459
Result on non-trading financial assets mandatorily at fair value through profit or loss 38 576 51 729 65 703 13 176
Result on hedge accounting (10 259) 481 (19 821) (4 183)
Result on exchange differences 120 521 14 285 163 147 39 007
Other operating income 160 766 72 191 97 582 17 451
Other operating expenses (249 060) (112 146) (103 989) (18 720)
Administrative expenses (1 542 379) (366 219) (1 545 183) (435 747)
Impairment losses on financial assets (556 912) (91 173) (402 743) (60 565)
Impairment losses on non-financial assets (7 890) (2 712) (1 193) 1 112
Provisions for legal risk connected with FX mortgage loans (713 617) (415 944) (223 134) (223 134)
Result on modification (13 565) (3 475) (11 663) (2 476)
Depreciation (210 411) (51 455) (180 872) (54 211)
Share of the profit of investments in subsidiaries 0 0 0 0
Banking tax (279 147) (70 120) (247 991) (69 134)
Profit before income taxes 210 935 (102 361) 835 343 99 488
Corporate income tax (188 118) (6 692) (274 611) (72 520)
Profit after taxes 22 817 (109 053) 560 732 26 968
Attributable to:
Owners of the parent 22 817 (109 053) 560 732 26 968
Non-controlling interests 0 0 0 0
Weighted average number of outstanding ordinary shares (pcs.) 1 213 116 777 1 213 116 777 1 213 116 777 1 213 116 777
Profit (loss) per ordinary share (in PLN) 0.02 (0.09) 0.46 0.02
* quarterly financial information has not been audited by an independent auditor

Consolidated statement of total comprehensive income

Amount ‘000 PLN 1.01.2020 -31.12.2020 1.10.2020 -31.12.2020* 1.01.2019 -31.12.2019 1.10.2019 -31.12.2019*
Result after taxes 22 817 (109 053) 560 732 26 968
Other comprehensive income items that may be (or were) reclassified to profit or loss 160 748 (26 634) (3 899) (7 934)
Result on debt securities at fair value through other comprehensive income 176 282 (28 073) (43 584) (4 976)
Hedge accounting (15 534) 1 439 39 685 (2 958)
Other comprehensive income items that will not be reclassified to profit or loss (547) (589) (544) (568)
Actuarial gains (losses) (417) (417) (735) (735)
Result on equity instruments at fair value through other comprehensive income (130) (172) 191 167
Total comprehensive income items before taxes 160 201 (27 223) (4 443) (8 502)
Corporate income tax on other comprehensive income items that may be (or were) reclassified to profit or loss (30 541) 5 062 741 1 508
Corporate income tax on other comprehensive income items that will not be reclassified to profit or loss 104 112 103 108
Total comprehensive income items after taxes 129 764 (22 049) (3 599) (6 886)
Total comprehensive income for the period 152 581 (131 102) 557 133 20 082
Attributable to:
Owners of the parent 152 581 (131 102) 557 133 20 082
Non-controlling interests 0 0 0 0
* quarterly financial information has not been audited by an independent auditor

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