The above earnings consensus was prepared by IR team basing on reports of sell-side analysts covering Bank Handlowy (see the list of sell-side analysts). Last update: 2025/01/23. The oldest recommendation: 2024/03/20.

List of institutions that issue recommendations for the shares of Bank Handlowy w Warszawie S.A.

Bank Handlowy w Warszawie S.A. has full rating from Fitch Ratings.

Last update 30th June 2025

* Viability rating represents the Fitch's view as to the intrinsic creditworthiness of an issuer, excluding any impact of external factors.

History of ratings, xls file (28 KB)

Taking into consideration the adoption of the Strategy in December 2021, the Bank developed guidelines for the distribution of the Bank's net income for the years 2022 - 2024. The guidelines assume that the Bank will allocate most of its profits to dividend payments and the dividend payout ratio has been set at no less than 75% of the Bank's net profit, taking into account the stance of the Polish Financial Supervision Authority regarding the dividend policy of banks.

The table presents the history of dividends paid by Bank Handlowy w Warszawie S.A. since 1997, i.e. since the Bank's debut on the WSE.

Data on the dividend is available for download here Dividend, xls file (16 KB)

Source: current reports of Bank Handlowy w Warszawie SA
* 100% Dividend pay-out ratio of net profit plus prior year profits
** On 18 June 2009 the Ordinary General Meeting of Shareholders of Bank Handlowy w Warszawie S.A. resolved no dividend for 2008 should be paid and net profit should be distributed as follows:
1) allocation to the reserve capital - PLN 570,663,986.61
2) allocation to general risk fund - PLN 75,000,000.00
*** On June 4, 2020, the Ordinary General Meeting of Shareholders of Bank Handlowy w Warszawie S.A. decided to leave the entire profit for 2019 undivided
**** On September 29, 2023, the Bank got a decision of the Polish Financial Supervision Authority on the consent for recognition part of first half of 2023 net profit (PLN 800,000,000) in Tier 1 capital

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