May 2026
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Largest Commercial Banking Public Companies in Poland
Benchmark revenue and EBITDA valuation multiples for public comps like
PKO Bank Polski, Santander Bank Polska, Bank Pekao S.A., ING Bank Śląski and mBank.
 | PKO Bank Polski SA is a universal banking group operating predominantly in Poland. Its various products and service offerings include retail deposits, mortgage loans, consumer finance, corporate deposits, corporate loans, and asset management, among others. The majority of its net revenue is net interest income, overwhelmingly derived from customer loans. Along with its subsidiaries, the company operates in three main segments Retail, Corporate and Investment, and Transfer Center and Other. Maximum revenue is generated from the Retail segment, which offers various services to individuals as part of retail, private, and mortgage banking, and to legal entities as part of corporate banking. | $27 | +34% | $34B | $44B | 5.2x | - | ||
| Santander Bank Polska SA is a commercial bank. It provides financial products and services for individuals, small and medium enterprises, and corporate clients. Its products include personal accounts, credit, savings, investment, settlement, insurance, card products, and others. The group has been divided into four segments: Retail Banking, Business & Corporate Banking, Corporate & Investment Banking, and ALM (Assets and Liabilities Management) and Centre. It generates the majority of its revenue from the Retail Banking segment. | $171 | +28% | $17B | $19B | - | - | ||
| Bank Polska Kasa Opieki SA is a commercial banking group that provides a wide variety of retail and investment services in Poland. The group's four segments include retail banking and private banking, corporate and investment banking, enterprise banking and assets and liabilities management. Of these segments, retail and private banking is the greatest contributor to both net interest income and fee and commission income, followed by corporate and investment banking. The majority of the bank's revenue is net interest income, almost entirely derived from loans and receivables from customers. | $65 | +30% | $17B | $23B | 4.8x | - | ||
| ING Bank Slaski SA offers a broad range of banking services rendered to individual and institutional clients in line with the scope of services outlined in the Bank’s charter. The Bank runs operations both in the home currency and in foreign currencies. Additionally, through subsidiaries, the Group conducts leasing and factoring activity, advisory and acts as a financial intermediary as well as provides other financial services. The Group’s business model includes the division of clients into two main segments namely the retail banking segment and corporate banking segment. The Group pursues business within the territory of the Republic of Poland. | $120 | +42% | $16B | $14B | 4.1x | - | ||
| mBank SA is a financial services group operating in Poland, as well as the Czech Republic and Slovakia. Its primary business is retail, corporate, and investment banking, but the company also conducts leasing, factoring, and wealth management operations, among other financial services. The group offers insurance policies through a strategic partnership. The bank plans to emphasize customer service, particularly in the development of its banking solutions. The group conducts its business segments in The Retail Banking segment, The Corporate and Investment Banking segment, The Treasury and Other segments, and the FX Mortgage Loans segment and the majority of its revenue is generated from the retail banking segment. | $353 | +63% | $15B | $19B | 5.3x | - | ||
| Bank Millennium SA is a commercial bank group operating in Poland. The bank's operating segments include retail, corporate, FX mortgage loans, treasury operations, assets/liabilities management and other segment. The company derives the majority of its revenue from the retail segment which comprises the banking products and services provided to individual customers on the mass market, affluent customers, sole traders as well as services to small companies. | $5 | +34% | $6B | $8B | 4.1x | - | ||
| BNP Paribas Bank Polska SA provides various banking and financial services. It specializes in the financing of agriculture, food economy and regional infrastructure. Further operation of the firm is breakdown into various business segments which include Retail and Business Banking, Small and Medium-Sized Enterprises, Corporate Banking, Corporate and Institutional Banking as well as Other Operations. The bank is engaged in offering services such as saving and current accounts, deposits, e-banking, loans, debit & credit cards, insurances, pensions schemes and corporate banking for individuals, private banking customers, microenterprises, whereas institutional customers and to medium-sized and large enterprises. Business activity of the bank is primarily functioned through the Poland region. | $40 | +39% | $6B | $10B | 4.1x | - | ||
| Alior Bank SA is a universal lending and deposit-taking bank that provides services to a Polish customer base. Its core activities include maintaining bank accounts, granting loans and advances, issuing banking securities, and buying and selling foreign currencies. Its subsidiary group company conducts brokerage activities, consulting, financial agency services, and other financial services. Its loan and advances book is diversified across various categories, notably retail cash loans and overdrafts, housing loans and other mortgages, working capital, and investment loans. The group's operations are financed from the funds of non-financial-sector customers deposited with the bank. | $35 | +37% | $5B | $5B | 2.9x | - | ||
| Bank Handlowy w Warszawie SA is a Poland-based bank and the parent company of the Bank Handlowy Group. It is a subsidiary of Citigroup, through Citibank Overseas Investment Corporation. The group provides retail, corporate, and investment banking services, as well as leasing and other financial services. | $34 | +4% | $4B | $4B | 5.1x | - | ||
| Bank Ochrony Srodowiska SA is engaged in providing banking and financial services. The company offers a range of services to individuals, corporate clients, and local government units. The company operates through Institutional Clients; Retail Clients; Treasury and Investment Activity; and Other segments. | $3 | -1% | $257M | $548M | 1.9x | - | ||
| Getin Holding SA is a financial holding company that invests in companies from the financial sector in Poland and abroad. The company operates in the following areas: banking services, leasing services, and financial services. | $0 | -38% | $26M | $26M | 63.5x | - | ||
| Centrum Finansowe SA is a Polish company operating in the debt collection and receivables management industry. The company provides comprehensive debt recovery services across all stages, including pre-collection monitoring, amicable collection, legal proceedings, and enforcement verification. It manages receivables from both banking and non-banking sectors, handling mass claims as well as corporate and secured cases that require a tailored approach. | $1 | +4% | $13M | $12M | 1.8x | 3.4x | ||
| Median | $34 | +32% | $6B | $9B | 4.1x | 3.4x |
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