Letter of the President
I’d like to invite you to reading the 2021 Annual Report of the Bank Handlowy w Warszawie S.A. Capital Group
Elżbieta Światopełk - Czetwertyńska
President of the Management Board
Bank Handlowy w Warszawie S.A.
Creating value for shareholders
- net profit 4,5x higher vs 2020
- 100% dividend payout recommendation from 2021 net profit
-
dividend yield at 10%
Net profit for distribution (PLN MM)
Return on Equity (ROE) for the Capital Group
10.1% - above the cost of capital
Strong increase in Institutional Banking revenues, constituting over 70% of all the Bank's revenues
- increase of client revenues in Institutional Banking by 10% YoY
- high loan growth dynamics in the Commercial Banking segment +13% YoY
- increase in FX volumes by 24% YoY among Institutional Banking ClientsY
Continuation of growth in the area of Wealth Management
- increase of the number of affluent clients (Citi Private Client - CPC) by 23% YoY
- increase of individual clients' deposits by 9% YoY
- increase of FX volumes by 20% YoY, of which more than half are processed in a dedicated tool - Citi Kantor
Igor Sikorski - alpine skiing
Polish Paralympic Team
Polish Paralympic Team
Sustainability
Environmental
- supporting clients in the transformation of their business models towards sustainable development - acquiring 155 million of "green assets" in 2021, introducing "green products"
- credit policy – incorporation of environmental and social factors in credit processes
- ESG goals included in the Business Strategy of the Bank for 2022-2024
- reduction of own greenhouse gas emission in 2021 by 33% vs 2020
Social
- maintaining position of the leader of diversity - over 50% of women in the Bank's Management Bodies (Managements Board and Supervisory Board), over 49% of women in the managerial team
- promoting and supporting employee initiatives - Citi Women Network, Disability Network, Citi Pride Network, charity activities or joint sports activities
- increase of volunteer involvement - in 2021 Citi Handlowy volunteers were involved in helping over 31 thousand times, despite the pandemic obstacles
- presence in Diversity IN Check, the title of "Socially Sensitive Bank" in the 12ᵗʰ edition of the Golden Bankier ranking by the “Puls Biznesu” daily.
Governance
- presence in WIG-ESG index, title of Super Ethical Company