Financial highlights

	Amount ‘000 PLN		Amount ‘000 EUR
	1.01.2021 – 31.12.2021	1.01.2020 – 31.12.2020	1.01.2021 – 31.12.2021	1.01.2020 – 31.12.2020
Interest income and other of similar nature	2 842 093	3 126 579	620 883	698 802
Fee and commission income	1 012 250	947 414	221 136	211 750
Profit (loss) before income tax	(1 000 943)	210 935	(218 666)	47 145
Profit (loss) after taxes	(1 331 866)	22 817	(290 959)	5 100
Total comprehensive income of the period	(2 390 356)	152 581	(522 197)	34 102
Net cash flows from operating activities	2 787 342	(3 137 601)	608 922	(701 265)
Net cash flows from investing activities	(556 582)	2 035 786	(121 591)	455 006
Net cash flows from financing activities	(444 950)	(1 064 540)	(97 204)	(237 929)
Net cash flows, total	1 785 810	(2 166 355)	390 128	(484 188)
Earnings (losses) per ordinary share (in PLN/EUR)	(1.10)	0.02	(0.24)	0.00
Diluted earnings (losses) per ordinary share	(1.10)	0.02	(0.24)	0.00
	31.12.2021	31.12.2020	31.12.2021	31.12.2020
Total Assets	103 913 908	97 322 785	22 592 927	21 089 275
Liabilities to banks and other monetary institutions	539 408	1 057 652	117 278	229 187
Liabilities to customers	91 447 515	81 510 540	19 882 488	17 662 854
Equity	6 697 246	9 090 976	1 456 113	1 969 961
Share capital	1 213 117	1 213 117	263 755	262 875
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)	5.52	7.49	1.20	1.62
Diluted book value per share (in PLN/EUR)	5.52	7.49	1.20	1.62
Total Capital Ratio (TCR)	17.06%	19.49%	17.06%	19.49%
Pledged or paid dividend per share (in PLN/EUR)	–	–	–	–

XLS

Exchange rates accepted to convert selected financial data into EUR
for items as at the balance sheet date	–	–	4.5994	4.6148
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)	–	–	4.5775	4.4742

Quarterly financial information

XLS

CONSOLIDATED INCOME STATEMENT

Amount ‘000 PLN	1.01.2021 -31.12.2021	1.10.2021 -31.12.2021*	1.01.2020 -31.12.2020	1.10.2020 -31.12.2020*
Net interest income	2 713 143	767 099	2 583 060	624 635
Interest income and other of similar nature	2 842 093	805 787	3 126 579	665 243
Income calculated using the effective interest method	2 778 204	800 465	3 018 124	646 986
Interest income from Financial assets at amortised cost	2 620 651	749 737	2 704 672	597 735
Interest income from Financial assets at fair value through other comprehensive income	157 553	50 728	313 452	49 251
Income of similar nature to interest from Financial assets at fair value through profit or loss	63 889	5 322	108 455	18 257
Interest expenses	(128 950)	(38 688)	(543 519)	(40 608)
Net fee and commission income	830 612	214 960	746 056	192 730
Fee and commission income	1 012 250	260 504	947 414	240 546
Fee and commission expenses	(181 638)	(45 544)	(201 358)	(47 816)
Dividend income	3 761	323	3 678	136
Result on derecognition of financial assets and liabilities not measured at fair value through profit or loss	9 669	(569)	128 082	50 059
Results on financial assets and liabilities held for trading	(9 296)	(2 151)	13 436	4 637
Result on non-trading financial assets mandatorily at fair value through profit or loss	124 538	70 730	38 576	51 729
Result on hedge accounting	(3 185)	(1 431)	(10 259)	481
Result on exchange differences	(148 999)	(72 138)	120 521	14 285
Other operating income	317 295	106 606	160 766	72 191
Other operating expenses	(239 510)	(159 641)	(249 060)	(112 146)
Administrative expenses	(1 440 706)	(383 401)	(1 542 379)	(366 219)
Impairment losses on financial assets	(318 391)	(77 023)	(556 912)	(91 173)
Impairment losses on non-financial assets	(7 672)	(2 285)	(7 890)	(2 712)
Provisions for legal risk connected with FX mortgage loans	(2 305 157)	(732 000)	(713 617)	(415 944)
Result on modification	(12 839)	(3 403)	(13 565)	(3 475)
Depreciation	(201 595)	(50 725)	(210 411)	(51 455)
Share of the profit of investments in subsidiaries	0	0	0	0
Banking tax	(312 611)	(82 012)	(279 147)	(70 120)
Profit before income taxes	(1 000 943)	(407 061)	210 935	(102 361)
Corporate income tax	(330 923)	(101 849)	(188 118)	(6 692)
Profit after taxes	(1 331 866)	(508 910)	22 817	(109 053)
Attributable to:
Owners of the parent	(1 331 866)	(508 910)	22 817	(109 053)
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)	(1.10)	(0.42)	0.02	(0.09)

* Quarterly financial information has not been audited by an independent auditor.

XLS

CONSOLIDATED STATEMENT OF TOTAL COMPREHENSIVE INCOME

*Amount ‘000 PLN*	1.01.2021 -31.12.2021	1.10.2021 -31.12.2021*	1.01.2020 -31.12.2020	1.10.2020 -31.12.2020*
Result after taxes	(1 331 866)	(508 910)	22 817	(109 053)
Other comprehensive income items that may be (or were) reclassified to profit or loss	(1 312 027)	(959 115)	160 748	(26 634)
Result on debt securities at fair value through other comprehensive income	(977 534)	(698 843)	176 282	(28 073)
Hedge accounting	(334 493)	(260 272)	(15 534)	1 439
Other comprehensive income items that will not be reclassified to profit or loss	5 249	5 278	(547)	(589)
Actuarial gains (losses)	6 071	6 071	(417)	(417)
Result on equity instruments at fair value through other comprehensive income	(822)	(793)	(130)	(172)
Total comprehensive income items before taxes	(1 306 778)	(953 837)	160 201	(27 223)
Corporate income tax on other comprehensive income items that may be (or were) reclassified to profit or loss	249 285	182 232	(30 541)	5 062
Corporate income tax on other comprehensive income items that will not be reclassified to profit or loss	(997)	(1 003)	104	112
Total comprehensive income items after taxes	(1 058 490)	(772 608)	129 764	(22 049)

Total comprehensive income for the period	(2 390 356)	(1 281 518)	152 581	(131 102)
Attributable to:
Owners of the parent	(2 390 356)	(1 281 518)	152 581	(131 102)
Non-controlling interests	0	0	0	0