Financial results
2025 – Annual Report
Elżbieta Czetwertyńska
CEO Citi Handlowy
Patrycjusz Wójcik
Vice President of the Management Board
We present periodical stand-alone and consolidated reports published by the Bank along with the archive.
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Financial results
Year Period Name Reports - official version Reports - pdf format Presentations Data for download Press release 2025 annual Consolidated annual report 
2025 annual Stand-alone annual report
2025 3Q Consolidated quarterly report
2025 1H Consolidated semi-annual report
2025 1Q Consolidated quarterly report
2024 annual Consolidated annual report
2024 annual Stand-alone annual report
2024 3Q Consolidated quarterly report
2024 1H Consolidated semi-annual report
2024 1Q Consolidated quarterly report
2023 annual Consolidated annual report
2023 annual Stand-alone annual report
2023 annual Current Report - preliminary results
2023 3Q Consolidated quarterly report
2023 1H Consolidated semi-annual report
2023 1Q Consolidated quarterly report
2022 annual Consolidated annual report
2022 annual Stand-alone annual report
2022 annual Current Report - preliminary results
2022 3Q Consolidated quarterly report
2022 1H Consolidated semi-annual report
2022 1Q Consolidated quarterly report
2021 annual Consolidated annual report
2021 annual Stand-alone annual report
2021 annual Current Report - preliminary results
2021 3Q Consolidated quarterly report
2021 1H Consolidated semi-annual report
2021 1Q Consolidated quarterly report
2020 annual Consolidated annual report
2020 annual Stand-alone annual report
2020 annual Current Report - preliminary results
2020 3Q Consolidated quarterly report
2020 1H Consolidated semi-annual report
2020 1Q Consolidated quarterly report
2019 annual Consolidated annual report
2019 annual Stand-alone annual report
2019 annual Current Report - preliminary results
2019 3Q Consolidated quarterly report
2019 1H Consolidated semi-annual report
2019 1Q Consolidated quarterly report
2018 annual Consolidated annual report
2018 annual Stand-alone annual report
2018 annual Current Report - preliminary results
2018 3Q Consolidated quarterly report
2018 1H Consolidated semi-annual report
2018 1Q Consolidated quarterly report
2017 annual Consolidated annual report
2017 annual Stand-alone annual report
2017 annual Current Report - preliminary results
2017 3Q Consolidated quarterly report
2017 1H Consolidated semi-annual report
2017 1Q Consolidated quarterly report
2016 annual Consolidated annual report
2016 annual Stand-alone annual report
2016 annual Current Report - preliminary results
2016 3Q Consolidated quarterly report
2016 1H Consolidated semi-annual report
2016 1Q Consolidated quarterly report
2015 annual Consolidated annual report
2015 annual Stand-alone annual report
2015 annual Current Report - preliminary results
2015 3Q Consolidated quarterly report
2015 1H Consolidated semi-annual report
2015 1H Raport bieżący - wstępne wyniki
2015 1Q Consolidated quarterly report
2014 annual Consolidated annual report
2014 annual Stand-alone annual report
2014 annual Current Report - preliminary results
2014 3Q Consolidated quarterly report
2014 1H Consolidated semi-annual report
2014 2Q Consolidated quarterly report
2014 1Q Consolidated quarterly report
2013 annual Consolidated annual report
2013 annual Stand-alone annual report
2013 annual Current Report - preliminary results
2013 3Q Consolidated quarterly report
2013 1H Consolidated semi-annual report
2013 2Q Consolidated quarterly report
2013 1Q Consolidated quarterly report
2012 annual Consolidated annual report
2012 annual Stand-alone annual report
2012 annual Current Report - preliminary results
2012 3Q Consolidated quarterly report
2012 1H Consolidated semi-annual report
2012 2Q Consolidated quarterly report
2012 1Q Consolidated quarterly report
2011 annual Consolidated annual report
2011 annual Stand-alone annual report
2011 4Q Current Report - preliminary results
2011 3Q Consolidated quarterly report
2011 1H Consolidated semi-annual report
2011 2Q Consolidated quarterly report
2011 1Q Consolidated quarterly report
2010 annual Consolidated annual report
2010 annual Stand-alone annual report
2010 annual Current Report - preliminary results
2010 3Q Consolidated quarterly report
2010 1H Consolidated semi-annual report
2010 2Q Consolidated quarterly report
2010 1Q Consolidated quarterly report
2009 annual Consolidated annual report
2009 annual Stand-alone annual report
2009 3Q Consolidated quarterly report
2009 1H Consolidated semi-annual report
2009 2Q Consolidated quarterly report
2009 1Q Consolidated quarterly report
2008 annual Consolidated annual report
2008 annual Stand-alone annual report
2008 4Q Consolidated quarterly report
2008 3Q Consolidated quarterly report
2008 1H Consolidated semi-annual report
2008 2Q Consolidated quarterly report
2008 1Q Consolidated quarterly report
2024 Annual Report
We invite you to explore the 2024 Annual Report of Bank Handlowy w Warszawie S.A. It was another successful year for the bank. We maintained high revenues and outstanding profitability ratios. We remain committed to building a stable and secure institution, as reflected in the impressive figures we have reported.
Basic financial data of Capital Group of Bank Handlowy w Warszawie S.A.
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Profit & Loss Account (PLN MM)
Profit & Loss Account (PLN MM) 2021 2022 2023 2024 2025 Net interest income 788.1 2,740.9 3,278.7 2,205.8 2,104.8 Net fee and commission income 649.9 579.7 561.5 401.0 430.9 Treasury 922.8 322.2 638.9 623.7 540.4 Revenue 2,354.1 3,647.5 4,508.6 3,257.6 3,087.2 Expenses and amortization/depreciation (1,202.6) (1,337.9) (1,439.5) (791.4) (784.2) Operating margin 1,151.5 2,309.7 3,069.0 2,466.2 2,303.0 Net impairment losses (38.8) (104.8) (18.0) (18.9) (25.9) Tax on some financial institutions (161.2) (213.0) (190.3) (120.8) (123.8) Profit before tax 950.9 1,994.7 2,860.6 2,327.5 2,153.8 Corporate income tax (233.5) (449.0) (604.3) (542.2) (395.7) Net profit from discontinued operations (24.8) (91.8) Net profit 717.5 1,545.7 2,256.3 1,760.5 1,666.3 *In connection with the agreement for the sale of the Retail Business to VeloBank S.A., the Bank reclassified the Retail Business as held for sale in accordance with IFRS 5. As a result, the income statement and statement of financial position under review relate to continuing operations, primarily the Institutional Banking segment. The financial result of the Retail Business is presented as the result from discontinued operations.
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Balance sheet (PLN MM)
Balance sheet (PLN MM) 2021 2022 2023 2024 2025 Total assets 61,862.8 69,801.4 73,392.5 72,478.1 78,849.0 Loans to non-financial customers 17,887.5 17,810.0 15,879.1 16,259.5 17,941.8 Deposits from non-financial customers 39,589.1 45,160.3 49,404.8 49,439.2 54,213.7 Equity 7,383.4 7,960.2 9,729.5 9,868.5 10,042.3 -
Key financial indicators
Key financial indicators 2021 2022 2023 2024 2025 ROE 10.1% 24.0% 28.6% 21.1% 19.7% ROA 1.2% 2.2% 3.1% 2.4% 2.1% Cost / Income 51% 37% 32% 35% 37% Loans / Deposits 50% 44% 38% 40% 41% Capital Adequacy Ratio 20.1% 19.0% 23.6% 22.5% 22.2% Book value per share 57.0 61.0 74.0 76.0 77.0
Share price
Shares of Bank Handlowy w Warszawie S.A. have been listed on the Warsaw Stock Exchange Main Market in the continuous trading system since 30 June 1997. The shares are part of the following WSE indices: WIG,mWIG40 (comprising 40 medium-sized companies listed at WSE Main List), WIG Banks (sector index), and WIGdiv. Additionally, the Bank is included in the WIG-ESG index, which highlights companies recognized for their commitment to socially responsible practices, particularly in environmental, social, economic, and corporate governance areas. In 2019, the WIG-ESG Index replaced the RESPECT Index, which had also included Citi Handlowy throughout its existence.
Shares of Bank Handlowy w Warszawie S.A.:
Ticker (short): BHW
ISIN: PLBH00000012
Reuters: BAHA.WA
Bloomberg: BHW PW
Prosimy spróbować za chwilę.
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Capital adequacy
Below is presented the qualitative and quantitative information regarding capital adequacy of Bank Handlowy.
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Auditor
The information on the Bank's internal rule of selection an entity authorized to audit financial statements.
The entity authorized to audit financial statements is selected by the Supervisory Board after the consideration of the recommendation presented by Audit Committee.
The change of the entity authorized to audit financial statements is made no less frequently than every ten years.
On 12 March 2025 the Supervisory Board of the Bank accepting the recommendation of the Audit Committee, selected an entity authorized to audit financial statements, i.e. KPMG Audyt Spółka z ograniczoną odpowiedzialnością spółka komandytowa [KPMG Audyt limited liability partnership] with its registered office in Warsaw, operating at the following address: Inflancka 4A, 00-189 Warsaw, entered into the list of entities authorized to audit financial statements under No. 3546, which was entrusted with the audit of annual financial statements as well as mid-year abbreviated financial statements of: (1) Bank Handlowy w Warszawie S.A. and (2) Capital Group of Bank Handlowy w Warszawie S.A. for a period of 2 years, i.e. for 2025-2026.
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Press Releases
Contact for Investor Relations
Bank Handlowy w Warszawie S.A.
16th Senatorska Street, 00-923 Warszawa
E-mail: relacjeinwestorskie@citi.com
Investor Relations Manager
Adam Piotrak
+48 722 227 626
E-mail: adam.piotrak@citi.com
Investor Relations Analyst
Monika Paczuska
+48 727 490 438
E-mail: monika.paczuska@citi.com