Business Summary: Bank Handlowy w Warszawie SA is a Poland-based commercial bank. It offers its products and services under Citibank Handlowy brand. The Bank operates through two segments: Corporate and Investment Banking; and Retail Banking. The Bank’s offer includes cash management, trade services, treasury services, corporate finance, debt instruments, syndicated loans, structured trade finance, securitization services, asset management services, management buy-outs and acquisitions advisory services, custodian services and brokerage. In addition, through its subsidiaries, the Bank is engaged in vendor leasing and other leasing activities; the management of pension funds; the provision of insurance, and the management of securities portfolios. The Bank’s parent entity is Citibank Overseas Investment Corporation (COIC).
Financial Summary: BRIEF: For the fiscal year ended 31 December 2023, Bank Handlowy w Warszawie SA interest income increased 31% to PLN4.35B. Net interest income after loan loss provision increased 21% to PLN3.21B. Net income increased 46% to PLN2.26B. Net interest income after loan loss provision reflects Institutional Bank segment increase of 20% to PLN2.23B, Net Interest Margin -% increase of 15% to 4.5%.