Earnings Poll: Erste Bank Polska Q1 net profit seen down 40% y/y

Erste Bank AG

28/04/2026 13:53

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Q1 net profit seen down 40% y/y

Q1 results due April 30

April 28 (Reuters) - Erste Bank Polska EBP.WA is expected to report a first-quarter net profit of 1.01 billion zlotys ($278 million), down more than 40% from a year earlier, a Reuters poll showed on Tuesday.

The decline is forecast to be driven by higher operating costs and lower net interest income, as Poland's central bank cut interest rates several times from May 2025, bringing the benchmark down to 3.75% from 5.75%.

The fall is also expected to reflect a higher tax burden after Poland said it would raise the corporate income tax rate paid by banks to 30% in 2026 from 19%, to help finance increased defence spending.

The lender, previously known as Santander Bank Polska, will report its first quarterly results under the Erste Bank Polska name.

The rebrand follows Austria's Erste Group's ERST.VI acquisition of a controlling stake in the bank from Spain's Banco Santander SAN.MC for about 6.8 billion euros ($8 billion), which was completed in early January.

(Figures in millions of zlotys unless stated otherwise)

FIRST QUARTER OF 2026

Net Interest Income
Net Fee & Commission Income
Net Profit
Median
3065
762
1005
Average
3067
763
1014
Lowest
3042
759
981
Highest
3097
767
1065
Number of forecasts
4
4
4
Q1 2025
3176
728
1683
Q4 2025
3154
752
1571

Forecasts provided by: DM BOS, Trigon, PKO BP, BM Millennium

($1 = 0.8551 euros)

($1 = 3.6323 zlotys)

(Reporting by Rafal Nowak
Editing by Kirsten Donovan)

((RafalWojciech.Nowak@thomsonreuters.com; +48 58 769 66 63;))