6:08 30 October 2025
Santander reports record lending
Santander Bank Polska reported record growth in loan sales ahead of the finalization of Erste Group’s 49% stake acquisition. The bank’s strong capital position and low risk costs allowed it to expand lending without compromising profitability or risk control.
CEO Michał Gajewski noted record cash loan sales—PLN 3.3 billion in Q3, up 7.3% year-on-year—and the best mortgage results in five quarters, totaling PLN 3.1 billion for the quarter. Fixed-rate loans now represent nearly half the PLN mortgage portfolio. Business lending also rose, with SME loans reaching PLN 1.3 billion in Q3 and PLN 3.9 billion for the year to date.
Despite falling interest rates, net profit slipped only 2.7% to PLN 1.89 billion, surpassing forecasts. The net interest margin held steady at 4.88%, and return on equity reached a robust 21.6%, signaling continued financial resilience.
