In Gdansk on March 13th, BNP Paribas BP, the Polish branch of BNP Paribas, announced a higher-than-anticipated increase in its annual net profit. This was attributed to favorable liquidity conditions in the banking sector and consistently high interest rates.

BNP Paribas BP, a key player in the Polish banking industry along with its subsidiaries, holds the sixth position in terms of total assets.

The net profit for the financial year at BNP Paribas' Polish division amounted to 2.36 billion zlotys ($611.76 million), surpassing the estimated 2.18 billion zlotys projected in a company-compiled consensus.

Net interest income climbed by 9.9% year-over-year to 5.74 billion zlotys, benefiting from a solid liquidity position and expanded group operations.

Net fee and commission earnings reached 1.26 billion zlotys, slightly exceeding the consensus expectation of 1.23 billion zlotys.

The bank's management recommended a dividend payout of 7.86 zlotys per share for 2024, representing approximately 50% of the net profit.

(Exchange rate: $1 = 3.8577 zlotys)