Santander Bank Polska S.A./zł SPL
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Capital at risk
About Santander Bank Polska S.A.
Santander Bank Polska S.A. operates as a major financial institution in Poland, providing a comprehensive range of banking services. It offers retail banking, which includes savings and checking accounts, credit cards, and mortgage products, as well as corporate and investment banking services tailored for business clients. The bank was previously known as Bank Zachodni WBK and changed its name following its acquisition by the Santander Group, a global financial services leader based in Spain. Headquartered in Warsaw, Santander Bank Polska benefits from a significant local presence while leveraging the technological and operational capabilities of its parent group. This strategic integration enhances its competitive strength in the Polish market by offering innovative financial solutions and stability.
- Ticker
- zł SPL
- Sector
- Finance
- Primary listing
- WSE
- Employees
- 10,231
- Headquarters
- Warsaw, Poland
- Website
- www.erste.pl
SPL Metrics
BasicAdvanced
zł 77B
10.76
zł 58.01
0.25
zł 49.98
8.01%
Price and volume
Market cap
zł 77B
Beta
0.25
52-week high
zł 766.00
52-week low
zł 461.10
Average daily volume
66K
Dividend rate
zł 49.98
Financial strength
Dividend payout ratio (TTM)
86.16%
Profitability
Net profit margin (TTM)
38.33%
Operating margin (TTM)
59.63%
Effective tax rate (TTM)
27.94%
Revenue per employee (TTM)
zł 1,510,000
Management effectiveness
Return on assets (TTM)
1.78%
Return on equity (TTM)
17.32%
Valuation
Price to earnings (TTM)
10.757
Price to revenue (TTM)
4.122
Price to book
2.4
Price to tangible book (TTM)
2.62
Price to free cash flow (TTM)
-2.839
Free cash flow yield (TTM)
-35.22%
Free cash flow per share (TTM)
-219.763
Dividend yield (TTM)
8.01%
Forward dividend yield
8.01%
Growth
Revenue change (TTM)
-8.34%
Earnings per share change (TTM)
5.18%
3-year revenue growth (CAGR)
8.37%
3-year earnings per share growth (CAGR)
19.15%
10-year earnings per share growth (CAGR)
11.01%
10-year dividend per share growth (CAGR)
14.42%
Bulls say / Bears say
Robust 2025 financial performance: Santander Bank Polska SA’s revenues rose 4.02% year-on-year to PLN 21.34 billion and net income climbed 24.29% to PLN 6.48 billion in 2025, demonstrating resilient earnings momentum (FT.com).
Growth prospects bolstered by Erste integration: Following a €7 billion purchase of a 49% stake by Erste Group and rebranding to Erste Bank Polska, the bank gains access to advanced technology platforms and is positioned to pursue bolt-on acquisitions across Central and Eastern Europe, enhancing its growth potential (Bloomberg).
Resilient loan book expansion: Mortgage sales rose year-on-year at all six major Polish banks in Q1 2026, underpinning strong consumer demand and supporting continued growth of Santander Bank Polska’s loan portfolio (Reuters).
Rebranding risks disrupting customer loyalty: The conversion of Santander Bank Polska to Erste Bank Polska in late April 2026 may lead to brand confusion and potential customer attrition during the integration phase (Bloomberg).
Margin pressure from rate normalization: Benchmark interest rates in Poland have fallen from a peak of 5.75% to 3.75% in early 2026, reducing the net interest income tailwind for lenders and potentially compressing Santander Bank Polska’s margins (Reuters).
Slower earnings growth amid tax headwinds: Higher taxes and lower benchmark rates are forecast to slow the sector’s earnings boom in 2026, which may cap Santander Bank Polska’s profit expansion despite strong lending activity (Reuters).
Data summarised monthly by Lightyear AI. Last updated on 22 Aug 2026.
Upcoming events
No upcoming events
Funds containing SPL
AllGBPEUR
Fund name | Fund size | zł SPL weighting |
|---|---|---|
Amundi S&P 500£500G | £6.6B | 0.23% |
Amundi STOXX Europe 600 ESG€C6E | €735M | 0.05% |
Amundi STOXX Europe 600£MEUD | £6.6B | 0.05% |
Amundi STOXX Europe 600€MEUD | €7.6B | 0.04% |
SPDR MSCI All Country World€SPYY | €17B | 0.01% |
Latest price is delayed by 15 minutes. Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.