Bank Polska Kasa Sa Ord

Dzień dobry. Dzień dobry.

Good afternoon, ladies and gentlemen. A very warm welcome at a conference dedicated to the presentation of the results of Bank of the USA for the first half of 2026. We have Cezary Szybukowski, CEO, Dagmara, and Ernest Pytlarczyk. And over to the CEO. Thank you. Okay, there are good forecasts for the second half of the year, so we are optimistic. Profits are under pressure, but you are all aware of that. We operate in the environment of the highest tax thresholds in Europe. so the surplus of income tax also hits the results of the bank it is worth stressing that our core categories continue to grow core categories of credit assets may be slightly less in mortgage loans but here we have the kind of thinking that I shared with you at previous conferences that is we as a bank try to reposition ourselves as the bank that has a holistic approach to the market rather than focusing only on the volume drivers in the fourth quarter we expect a very decent commissions growth annually that is 11% up the bank also keeps increasing its digital penetration in retail banking. Here we had some backlog, but I think we are quite deft in catching up with the leaders and the strong capital position that Mara will probably tell you a few words about the issuances that we had previously this year and have actually completed our plan for this year. Key reference point, I think, May be it's worth saying that cost incumeration normalized that results from BFG charges continues that our ambitions rebath our ambition levels I have repeatedly said that the bank is in the process of investing reorganizing and I do not approach this target dogmatically. So the fact that we stay around the 35% is our achievement. The portfolio growth, risks, costs and the control margin will probably talk you through that in greater detail. The good news is also that in those areas of client activity where the bank is still underway in terms of market share, we see continuous growth. You can see that both in consumer finance and in micro business funding volume and the flagship element medium market. That's our key element in terms of positioning. So we can say that all segments decently contributed to our results of the first half of the year. You will find here the indication of the most salient and ambitious growth parameters with reference to sales or scale of revenues from individual types of operations. and trusteeship services maybe that is not the major business line but still very valuable because this generates valuable revenues and commissions and we attach a lot of importance to that as you might recall from the presentation of our strategy that is undoubtedly a focus we pursue and against our peers we are doing well I referred to the strategy presentation. We still have a year's horizon within this strategy because it was a short-term strategy in which we wanted to prove to ourselves that the bank was capable of organic growth. And it seems that our market shares do grow. Sa Ord Sa Ord Sa Ord Kasa Sa Ord Kasa Sa Ord Saorda Saorda for analysts and investors that might not be such an important issue but I would like to stress one thing namely something that we started last year namely the return to The AOSA as the most international locker bank with the focus on, with ambitions on travelling and Last year we had the first promotion focused on travel and now we have a greater scale promotion to encourage traveling among our customers. And the first summary of the results indicates that it seems to bring fruit. that means that the bank needs to reposition itself yesterday actually I experienced two events one was with the client and another was with a business partner that was a client of a bank PKLBP who complained about the bank PKLBP by writing directly to me and in the second case that was a partner who works with our bank and he still misspelled the name of our bank So that's something that set us thinking. There are several products, well, prepaid MasterCard from SME, you can read about that. For sure it matters for SMEs, but this does not change the world to a greater extent. And the important thing is that we... consistently build the availability of our services for digital channels. Historically, we had lag behind the market in this regard, but now we can say freely that we are at par with our competitors. and also we endeavor to have a big bank in digital services and show a new phase of the HLSA in the retail banking to show us some more modern banks. a person who now uses mobile app of PKOSA I must say that on a few occasions I was surprised by its features I tended to think it was maybe not that good and now we can say that we are really a star with the market and now PLPAY it matters because for the younger clients this is an attractive feature travel package has already been mentioned so we can say that let's wait for next year and some transactions that we concluded this quarter. Of course, here you can see a list of major transactions. In the second quarter, maybe it is worth focusing on us being the arranger and dealer in euro bonds for BGK. we signed a strategic agreement we are the main domestic partner with aspirations to go beyond that market so here we have those 2 billion euros that BGK had it is also worth mentioning the transaction which seems to have disappeared from my slide but Kasa Sa Ord

We have a GDP forecast 3.5% which is a slight downward revision.