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Poland's second-largest bank, majority state-controlled (via PZU/PFR), offering universal banking services.
Poland's second-largest bank, majority state-controlled (via PZU/PFR), offering universal banking services.
Earns mainly the gap between interest on loans, such as mortgages and business credit, and deposit costs, with fees from accounts, cards and asset management through Pekao TFI. UniCredit sold its controlling stake in 2017 to the state-linked insurer PZU and the Polish Development Fund.
In one line: A Polish state-linked large regional bank.
Moat: narrow (scale, distribution, brand). Long-established Polish bank brand and branch network, now state-influenced via PZU/PFR ownership.
Headquarters: Warsaw, Poland · Founded: 1929 · Employees: 14,911
Size Bank Polska Kasa Opieki (PEO.WA) is a Poland Financials company (Regional Banks) with a market value of $17.4B, the 5th largest of 83 Poland companies the cockpit tracks. Shares closed at PLN 260.50 on 6 Nov 2026.
Performance Over six months the shares gained 11.6%, against +8.8% for the median peer and +14.3% for the Poland market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue fell 4.8% over the last twelve months (peer median +0.9%); the operating margin is 49.0% (peer median 41.5%).
Valuation It trades at 2.04× book value against a peer median of 1.42× (7th most expensive of 21).
Price implies The share price implies a return on equity of about 25.7%; Bank Polska Kasa Opieki delivers 18.2%, so the price asks more than the business earns today.
Next results Next results expected around 4 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | PLN 23.0B | PLN 23.9B | PLN 23.0B | PLN 22.1B | PLN 14.8B |
| Revenue growth | — | +4% | +4% | +49% | — |
| Net income | PLN 6.09B | PLN 7.01B | PLN 6.38B | PLN 6.66B | PLN 1.72B |
| Free cash flow | PLN 6.50B | PLN 6.59B | PLN 7.22B | PLN 9.10B | PLN 10.0B |
| Capital expenditure | PLN 1.18B | PLN 936M | PLN 855M | PLN 1.05B | PLN 515M |
| Total debt | PLN 38.9B | PLN 33.5B | PLN 28.0B | PLN 22.6B | PLN 22.9B |
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 |
|---|---|---|---|---|---|---|
| Bank Polska Kasa Opieki PEO.WA | $17.4B | +12% | -5% | 18% | 2.04× | 25.7% |
| PKO Bank Polski PKO.WA | $36.5B | +18% | -2% | 20% | 2.56× | 31.9% |
| mBank MBK.WA | $17.7B | +37% | -1% | 19% | 3.05× | 37.6% |
| Erste Bank Polska EBP.WA | $20.4B | +35% | -9% | 16% | 2.42× | 26.7% |
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 | PEO.WA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.9% | +2.6% | 7th lowest of 21 |
| 6-month return | +11.6% | +8.8% | 10th highest of 21 |
| Return on equity | 18.2% | 11.3% | 4th highest of 21 |
| Price / book | 2.04× | 1.42× | 7th most expensive of 21 |
| Trailing P/E | 11.2× | 13.4× | 6th cheapest of 20 |
| ROE the price implies | 25.7% | 7.9% | 3rd most demanding of 20 |
| ROE delivered | 18.2% | 11.6% | 4th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Bank Polska Kasa Opieki PEO.WA | Poland | $17.4B | +12% | -5% | 18% | 2.04× | 25.7% | 18.2% |
| Bank of Shanghai 601229.SS | China | $17.6B | -13% | -7% | 8% | 0.44× | 2.0% | 7.5% |
| East West Bancorp EWBC | United States | $17.7B | +5% | +3% | 17% | 1.95× | 16.3% | 16.6% |
| Bank of Hangzhou 600926.SS | China | $18.6B | -2% | -3% | 14% | 0.86× | 3.0% | 13.8% |
| Bank of Beijing 601169.SS | China | $18.6B | +11% | -5% | 7% | 0.43× | 2.0% | 7.3% |
| Sinopac Financial Hldgs 2890.TW | Taiwan | $19.3B | +36% | +31% | 16% | 2.34× | 7.7% | 16.3% |
| 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% |
| 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% |
| 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% |
| Mediobanca - Banca di Credito Finanziario MB.MI | Italy | $23.7B | +26% | +4% | 11% | 1.82× | 18.7% | 10.8% |
| Bank of Chengdu 601838.SS | China | $12.8B | +5% | +2% | 15% | 0.92× | 3.1% | 15.1% |
| Grupo Cibest S.A. Unsponsored ADR Pfd CIB | United States | $24.7B | +42% | +7% | 19% | 1.97× | 14.4% | 18.9% |
| CNPC Capital 000617.SZ | China | $12.3B | -31% | -14% | 5% | 0.76× | 7.9% | 4.6% |
| First Citizens BancShares FCNCA | United States | $25.2B | +16% | 0% | 11% | 1.29× | 9.3% | 11.0% |
| Chongqing Rural Commercial Bank 601077.SS | China | $11.7B | -1% | -1% | 9% | 0.57× | 2.3% | 9.4% |
| IBK 024110.KS | South Korea | $11.4B | -14% | +28% | 8% | 0.49× | 4.2% | n/a |
| Yokohama Financial 7186.T | Japan | $11.1B | +7% | +21% | 8% | 1.21× | 8.1% | 8.0% |