PKO BP Q2 2026 Results: Profit, Loan Growth and CHF Provisions

PKO Bank Polski delivered what management called "the strongest year in the bank's history": first-half net profit of PLN 5.29 billion, up 3.1% year on year, with second-quarter profit of PLN 2.77 billion, 9.8% more than in the first quarter. Net fee and commission income grew 10.1% year on year, and business income reached PLN 15.3 billion. Balance-sheet growth drove the result: consumer loans grew 21.5% and mortgages 13.9% year on year. Management argues that this volume growth shields earnings from coming rate cuts, even as legacy legal disputes keep absorbing capital.