Erste Bank Polska Sa

Hello everyone, Agnieszka Dobrzycka speaking. I'm responsible for investor relations in Santander Bank Poland. I'd like to welcome you at the presentation of the financial results after Q1 2023. Together with me we have Michał Gajewski, our CEO, Maciej Reluga, our CFO, Wojciech Skalski, the head of financial accounting area, Feel free to ask questions during our presentation so that we could answer them after the presentation is over. And you can ask questions via the link provided to you or by sending the questions directly to me via email. And now let me hand over to our CEO, Michał Gajewski. Good morning. Michał Gajewski speaking. Welcome at the presentation of the financial results after the first quarter of the year. We can be optimistic after that period, but we should remember that economic, geopolitical and systemic risks still remain with us. And as a sector, we must focus on building our capital that could be used for development of the economy and financing key projects like those connected with energy transformation. Despite the challenges, I'd like to highlight that we conduct our business based on sound foundations, effectively delivering our mission of helping our customers prosper. We have proved on many levels that our business model works well and brings the desired effects, which is visible in our performance after quarter one. At the end of March, we recorded the growth profit of $1,656,000,000. At the same time, the tax burden was $635,000,000, whereas the total regulatory cost amounted to an additional $48,000,000. We closed Q1 with a solid net profit of $1,192,000,000. So let's go to slide seven. As a group, we provide services to over 7.4 million customers, out of which over 4 million are digital customers. The bank itself has 5.7 million customers, out of which 3.4 are digital customers. Year on year, the number of digital customers grew by over 7% and mobile customers by 10%. Customer deposits totaled 197 billion slots and grew by 5% year-on-year. The gross loans portfolio grew by 3% to over 161 billion slots. Assets grew by 5% year-on-year. Customer funds totaled 211 billion slots, growing by 5% year-on-year as well. In slide eight, we can see a few pieces of information about key financial results. I'd like to highlight the key items. The net profit after quarter one was $1,192,000,000. Net interest income was $3,092,000,000. Net fee income was $662,000,000 and remained at a similar level when compared to the previous year. total income was 3.7 billion zlots pcr for the group was over 21 percent p1 was 19.39 percent those are retrospective indicators meaning they are showed in line with the eba reporting standards the return on equity for the group was 12.4 percent our capital position is very The surplus at the bank level is 14 billion zlotys. This allows us to continue our growth and address different risk factors that could occur in the quarters to come.

In slide 10, I will briefly present

figures about customers. We have 3.4 million active digital customers. We recorded growth in every segment.