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Major Polish universal bank, renamed in 2026 after Erste Group acquired Santander's Polish banking business.
Major Polish universal bank, renamed in 2026 after Erste Group acquired Santander's Polish banking business.
Earns mainly the gap between interest on loans and deposit costs, with fees from cards, accounts and fund distribution. Erste Group of Austria took the bank over from Santander under a deal agreed in 2025, so it now sits inside Erste's Central European network.
In one line: A Polish, Erste-owned peer to a large regional US bank.
Moat: narrow (scale, distribution, switching costs). Large legacy branch network and customer base inherited from Santander's former Polish operations.
Headquarters: Warsaw, Poland · Founded: 1857 · Employees: 10,103
Size Erste Bank Polska (EBP.WA) is a Poland Financials company (Regional Banks) with a market value of $20.4B, the 3rd largest of 83 Poland companies the cockpit tracks. Shares closed at PLN 780.80 on 6 Nov 2026.
Performance Over six months the shares gained 34.9%, against +9.7% for the median peer and +14.3% for the Poland market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue fell 8.8% over the last twelve months (peer median +1.2%); the operating margin is 54.2% (peer median 41.1%).
Valuation It trades at 2.42× book value against a peer median of 1.56× (5th most expensive of 21).
Price implies The share price implies a return on equity of about 26.7%; Erste Bank Polska delivers 15.6%, so the price asks more than the business earns today.
Next results Next results expected around 3 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | PLN 20.7B | PLN 21.1B | PLN 20.2B | PLN 21.9B | PLN 15.8B |
| Revenue growth | — | +4% | -7% | +38% | — |
| Net income | PLN 5.53B | PLN 6.48B | PLN 5.21B | PLN 4.83B | PLN 2.80B |
| Free cash flow | PLN 2.00B | PLN 4.13B | PLN 1.80B | PLN 17.6B | PLN 11.4B |
| Capital expenditure | PLN 764M | PLN 640M | PLN 633M | PLN 635M | PLN 449M |
| Total debt | PLN 28.6B | PLN 22.3B | PLN 21.7B | PLN 17.8B | PLN 20.4B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Erste Bank Polska EBP.WA | $20.4B | +35% | -9% | 16% | 2.42× | 26.7% |
| PKO Bank Polski PKO.WA | $36.5B | +18% | -2% | 20% | 2.56× | 31.9% |
| Bank Polska Kasa Opieki PEO.WA | $17.4B | +12% | -5% | 18% | 2.04× | 25.7% |
| mBank MBK.WA | $17.7B | +37% | -1% | 19% | 3.05× | 37.6% |
| ING Bank Slaski ING.WA | $15.7B | +20% | +4% | 24% | 3.24× | 33.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | EBP.WA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.2% | +1.6% | 10th lowest of 21 |
| 6-month return | +34.9% | +9.7% | 4th highest of 21 |
| Return on equity | 15.6% | 12.4% | 7th highest of 21 |
| Price / book | 2.42× | 1.56× | 5th most expensive of 21 |
| Trailing P/E | 14.4× | 12.3× | 8th most expensive of 21 |
| ROE the price implies | 26.7% | 8.7% | 2nd most demanding of 20 |
| ROE delivered | 15.6% | 12.4% | 7th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Erste Bank Polska EBP.WA | Poland | $20.4B | +35% | -9% | 16% | 2.42× | 26.7% | 15.6% |
| Hua Nan Financial 2880.TW | Taiwan | $20.8B | +50% | -37% | 14% | 2.85× | 7.9% | 14.1% |
| Sinopac Financial Hldgs 2890.TW | Taiwan | $19.3B | +36% | +31% | 16% | 2.34× | 7.7% | 16.3% |
| Bank of Beijing 601169.SS | China | $18.6B | +11% | -5% | 7% | 0.43× | 2.0% | 7.3% |
| Bank of Hangzhou 600926.SS | China | $18.6B | -2% | -3% | 14% | 0.86× | 3.0% | 13.8% |
| East West Bancorp EWBC | United States | $17.7B | +5% | +3% | 17% | 1.95× | 16.3% | 16.6% |
| Bank of Shanghai 601229.SS | China | $17.6B | -13% | -7% | 8% | 0.44× | 2.0% | 7.5% |
| Mediobanca - Banca di Credito Finanziario MB.MI | Italy | $23.7B | +26% | +4% | 11% | 1.82× | 18.7% | 10.8% |
| Bank Polska Kasa Opieki PEO.WA | Poland | $17.4B | +12% | -5% | 18% | 2.04× | 25.7% | 18.2% |
| Grupo Cibest S.A. Unsponsored ADR Pfd CIB | United States | $24.7B | +42% | +7% | 19% | 1.97× | 14.4% | 18.9% |
| First Citizens BancShares FCNCA | United States | $25.2B | +16% | 0% | 11% | 1.29× | 9.3% | 11.0% |
| ING Bank Slaski ING.WA | Poland | $15.7B | +20% | +4% | 24% | 3.24× | 33.8% | 23.7% |
| Banco Santander-Chile Sponsored ADR BSAC | United States | $15.2B | +7% | +18% | 25% | 3.00× | 17.6% | 24.9% |
| Pinnacle Financial Partners PNFP | United States | $15.2B | +3% | +100% | 10% | 1.10× | 10.7% | 9.6% |
| Banque Cantonale Vaudoise BCVN.SW | Switzerland | $14.4B | +20% | -8% | 12% | 3.07× | n/a | 11.6% |
| Taiwan Cooperative Financial Hl 5880.TW | Taiwan | $13.6B | +22% | -3% | 9% | 1.55× | 4.8% | 8.9% |
| Resona 8308.T | Japan | $30.8B | +9% | +17% | 9% | 1.57× | 8.7% | 9.3% |
| M&T Bank MTB | United States | $31.4B | +3% | 0% | 11% | 1.24× | 9.3% | 10.6% |
| Bank of Chengdu 601838.SS | China | $12.8B | +5% | +2% | 15% | 0.92× | 3.1% | 15.1% |
| CNPC Capital 000617.SZ | China | $12.3B | -31% | -14% | 5% | 0.76× | 7.9% | 4.6% |
| Bank of Ningbo 002142.SZ | China | $34.0B | +3% | +3% | 13% | 0.92× | 7.0% | 13.3% |