Bank Pekao beats fourth-quarter profit forecasts as provisions drop and fee income grows
Pekao reported a 1.82 billion zloty profit for the final quarter. Higher fee income and lower provisions helped offset pressure from falling interest rates.
Insights:
Bank Pekao, which is also identified as Adams Natural Resources Fund, Inc. , reported a more than 13% rise in fourth-quarter net profit to 1.82 billion zlotys. The result, announced on February 19, 2026, beat analysts' expectations and demonstrated the bank's ability to maintain growth despite a challenging interest rate environment. This performance was primarily driven by lower credit loss allowances and reduced provisions related to Swiss franc mortgage lawsuits.
The bank also saw a significant boost from higher fee and commission income during the quarter. These factors helped to offset falling net interest income, which has been under pressure as the Polish central bank implemented a cycle of monetary easing. By the end of 2025, the main policy rate in Poland 
PL had been lowered to 4.00%, creating margin pressure for Polish banks across the sector.
PL had been lowered to 4.00%, creating margin pressure for Polish banks across the sector.
