PKO BP generated exactly PLN 6.9 billion in profit during the three quarters of this year. This is an increase of 42.2%. year to year. The president of PKO BP, Szymon Midera, said that after excluding extraordinary events, the financial result would amount to PLN 10.4 billion.
“Digital mortgage”. PKO BP is working on a flagship product
The bank had to take into account the provision for Swiss franc loans – it still has 21,000 active contracts – and the effect of the introduction holidays credit. – This gives us a high profitability of 19.3 percent, and without one-off events, over 28 percent with high cost discipline – said Szymon Midera. PKO BP's market share in mortgage loans in Poland is almost 26%. In turn, in the cash loan segment, 19 percent
PKO BP is working on development its flagship product, the “digital mortgage”. It was launched on September 30 this year. It's about the possibility of completely remote operation application for granting a mortgage loan, including signing the contract. – First experiences show that over 90 percent customers who applied for a mortgage loan in this new formula also sign contracts digitally. They benefit from the significant shortening time needed to make a credit decision. Thanks to this implementation, we are able to reduce it from a dozen or so days to a few, and in many cases to a few hourswhich is a big innovation – emphasized the president of PKO BP. Currently, the solution is limited to customers who want to take out a mortgage alone, work under an employment contract and plan to buy a property on the secondary market. In a few months, the “digital mortgage” is to be extended to couples, sole proprietors and the primary market.
Over 12 million customers, PLN 512 billion in assets
In the opinion of the president of PKO BP, the new government subsidy program does not stimulate the mortgage market loans will not adversely affect the results in the following quarters. – As for other elements, such as government programs, we are calm because we have made many changes in the area of ​​mortgage loan sales, which allowed us not only to maintain, but also to increase our market position. Today we obtain about 30 percent. new clients in the area of ​​mortgage loans – explained Szymon Midera. The number of PKO BP customers exceeded 12.1 million in the third quarter. This is an increase of 241,000 year-on-year and 66,000 quarter-on-quarter. The bank's assets amount to PLN 512 billion.
PKO BP is the largest commercial bank in Poland both in terms of the number of customers and the value of assets. As a public company, it is listed on the Warsaw Stock Exchange, and its largest shareholder is the State Treasury, which holds over 29 percent of the shares.