Bank Handlowy w Warszawie SA Net Assets

Latest as of June 2026: zł9.32 Billion PLN ≈ $2.57 Billion USD

Bank Handlowy w Warszawie SA net assets. Based on the latest financial reports, Bank Handlowy w Warszawie SA (BHW) has net assets worth zł9.32 Billion PLN (≈ $2.57 Billion USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (zł72.57 Billion ≈ $19.97 Billion USD) and total liabilities (zł63.25 Billion ≈ $17.41 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore BHW net assets growth trend to track the company's year-over-year net asset growth rate.

Key Net Assets Metrics

Metric	Value
Current Net Assets	zł9.32 Billion
% of Total Assets	12.85%
Annual Growth Rate	2.29%
5-Year Change	36.01%
10-Year Change	47.89%
Growth Volatility	7.45

Net Assets of Bank Handlowy w Warszawie SA (2004–2025)

Net assets of Bank Handlowy w Warszawie SA from 2004 to 2025. This chart illustrates how Bank Handlowy w Warszawie SA's net assets have evolved over time, based on quarterly financial data. See Bank Handlowy w Warszawie SA (BHW) net asset quality to measure how much of total assets are equity-financed.

Annual Net Assets for Bank Handlowy w Warszawie SA (2004–2025)

The table below shows the annual net assets of Bank Handlowy w Warszawie SA from 2004 to 2025. For live market cap and overall valuation, see market value of Bank Handlowy w Warszawie SA.

Year	Net Assets	Change
2025-12-31	zł10.04 Billion ≈ $2.76 Billion	+1.76%
2024-12-31	zł9.87 Billion ≈ $2.72 Billion	+1.43%
2023-12-31	zł9.73 Billion ≈ $2.68 Billion	+22.23%
2022-12-31	zł7.96 Billion ≈ $2.19 Billion	+7.81%
2021-12-31	zł7.38 Billion ≈ $2.03 Billion	-2.61%
2020-12-31	zł7.58 Billion ≈ $2.09 Billion	+7.16%
2019-12-31	zł7.07 Billion ≈ $1.95 Billion	+0.25%
2018-12-31	zł7.06 Billion ≈ $1.94 Billion	+1.70%
2017-12-31	zł6.94 Billion ≈ $1.91 Billion	+2.19%
2016-12-31	zł6.79 Billion ≈ $1.87 Billion	-0.88%
2015-12-31	zł6.85 Billion ≈ $1.89 Billion	-7.56%
2014-12-31	zł7.41 Billion ≈ $2.04 Billion	+1.42%
2013-12-31	zł7.31 Billion ≈ $2.01 Billion	-1.14%
2012-12-31	zł7.39 Billion ≈ $2.03 Billion	+14.69%
2011-12-31	zł6.44 Billion ≈ $1.77 Billion	-0.75%
2010-12-31	zł6.49 Billion ≈ $1.79 Billion	+4.74%
2009-12-31	zł6.20 Billion ≈ $1.71 Billion	+10.20%
2008-12-31	zł5.63 Billion ≈ $1.55 Billion	+0.41%
2007-12-31	zł5.60 Billion ≈ $1.54 Billion	+3.42%
2006-12-31	zł5.42 Billion ≈ $1.49 Billion	+3.22%
2005-12-31	zł5.25 Billion ≈ $1.44 Billion	-15.87%
2004-12-31	zł6.24 Billion ≈ $1.72 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to Bank Handlowy w Warszawie SA's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 344.2% over the analyzed period, indicating profitable operations and earnings retention.

Bank Handlowy w Warszawie SA Net Assets Breakdown (December 2025)

Bank Handlowy w Warszawie SA net assets breakdown by equity component as of December 2025.

Component	Amount	Percentage
Retained Earnings	zł2.30 Billion	22.88%
Common Stock	zł522.64 Million	5.20%
Other Comprehensive Income	zł4.25 Billion	42.30%
Other Components	zł2.97 Billion	29.61%
Total Equity	zł10.04 Billion	100.00%

Bank Handlowy w Warszawie SA Competitors by Market Cap

The table below lists competitors of Bank Handlowy w Warszawie SA ranked by their market capitalization.

Company	Market Cap
Formosa Sumco Technology Corp TW:3532	$4.34 Billion
SentinelOne Inc NYSE:S	$4.35 Billion
Seaboard Corporation NYSE MKT:SEB	$4.35 Billion
Inner Mongolia ERDOS Resources Co Ltd SHG:600295	$4.35 Billion
Sunwoda Electronic SHE:300207	$4.34 Billion
Moelis & Co NYSE:MC	$4.34 Billion
LivaNova PLC NASDAQ:LIVN	$4.34 Billion
CommScope Holding Co Inc NASDAQ:COMM	$4.34 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Bank Handlowy w Warszawie SA's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 9,868,531,000 to 10,042,307,000, a change of 173,776,000 (1.8%).
Net income of 1,666,344,000 contributed positively to equity growth.
Dividend payments of 1,791,328,000 reduced retained earnings.
Share repurchases of 16,667,000 reduced equity.
Other comprehensive income increased equity by 4,248,037,999.
Other factors decreased equity by 3,932,610,999.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	zł1.67 Billion	+16.59%
Dividends Paid	zł1.79 Billion	-17.84%
Share Repurchases	zł16.67 Million	-0.17%
Other Comprehensive Income	zł4.25 Billion	+42.3%
Other Changes	zł-3.93 Billion	-39.16%
Total Change	zł-	1.76%

Book Value vs Market Value Analysis

This analysis compares Bank Handlowy w Warszawie SA's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 1.57x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 2.53x to 1.57x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2004-12-31	zł47.75	zł121.00	x
2005-12-31	zł40.17	zł121.00	x
2006-12-31	zł41.47	zł121.00	x
2007-12-31	zł42.88	zł121.00	x
2008-12-31	zł43.06	zł121.00	x
2009-12-31	zł47.45	zł121.00	x
2010-12-31	zł49.69	zł121.00	x
2011-12-31	zł49.32	zł121.00	x
2012-12-31	zł56.57	zł121.00	x
2013-12-31	zł55.93	zł121.00	x
2014-12-31	zł56.72	zł121.00	x
2015-12-31	zł52.43	zł121.00	x
2016-12-31	zł51.97	zł121.00	x
2017-12-31	zł53.11	zł121.00	x
2018-12-31	zł54.01	zł121.00	x
2019-12-31	zł54.15	zł121.00	x
2020-12-31	zł58.02	zł121.00	x
2021-12-31	zł56.51	zł121.00	x
2022-12-31	zł60.92	zł121.00	x
2023-12-31	zł74.46	zł121.00	x
2024-12-31	zł75.63	zł121.00	x
2025-12-31	zł77.09	zł121.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Bank Handlowy w Warszawie SA utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 16.59%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 39.95%
• Asset Turnover: 0.05x
• Equity Multiplier: 7.85x
Recent ROE (16.59%) is above the historical average (11.74%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2004	7.93%	16.75%	0.09x	5.46x	zł-128.91 Million
2005	11.78%	26.14%	0.07x	6.26x	zł93.24 Million
2006	12.13%	22.28%	0.08x	6.64x	zł115.28 Million
2007	14.71%	32.26%	0.07x	6.94x	zł263.91 Million
2008	10.67%	24.63%	0.06x	7.56x	zł37.85 Million
2009	8.14%	15.63%	0.09x	6.07x	zł-115.54 Million
2010	11.63%	28.66%	0.07x	5.78x	zł105.52 Million
2011	11.43%	29.88%	0.06x	6.56x	zł91.96 Million
2012	13.13%	28.74%	0.08x	5.89x	zł230.99 Million
2013	13.31%	32.07%	0.07x	6.21x	zł241.98 Million
2014	12.78%	38.30%	0.05x	6.73x	zł206.24 Million
2015	9.14%	26.22%	0.05x	7.23x	zł-58.65 Million
2016	8.86%	25.18%	0.05x	6.66x	zł-77.47 Million
2017	7.72%	22.51%	0.06x	6.20x	zł-158.32 Million
2018	9.05%	26.76%	0.05x	6.99x	zł-66.82 Million
2019	6.79%	19.22%	0.05x	7.35x	zł-227.34 Million
2020	2.27%	8.13%	0.03x	8.04x	zł-585.70 Million
2021	9.72%	28.91%	0.04x	8.38x	zł-20.87 Million
2022	19.42%	36.15%	0.06x	8.60x	zł749.66 Million
2023	23.19%	39.76%	0.08x	7.46x	zł1.28 Billion
2024	17.84%	30.80%	0.08x	7.34x	zł773.60 Million
2025	16.59%	39.95%	0.05x	7.85x	zł662.11 Million

Industry Comparison

This section compares Bank Handlowy w Warszawie SA's net assets metrics with peer companies in the Banks - Regional industry.

Industry Context

Industry: Banks - Regional
Average net assets among peers: $10,079,570,333
Average return on equity (ROE) among peers: 12.82%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Bank Handlowy w Warszawie SA (BHW)	zł9.32 Billion	7.93%	6.78x	$4.34 Billion
BNP Paribas Bank Polska S.A. (BNP)	$2.63 Billion	4.80%	11.71x	$6.90 Billion
Bank Ochrony Środowiska SA (BOS)	$919.95 Million	2.92%	12.14x	$266.44 Million
Erste Bank Polska S.A. (EBP)	$23.34 Billion	9.48%	5.54x	$21.82 Billion
Getin Holding SA (GTN)	$107.05 Million	25.51%	4.76x	$14.94 Million
ING Bank Śląski SA (ING)	$3.84 Billion	16.58%	12.54x	$16.25 Billion
mBank SA (MBK)	$16.68 Billion	0.62%	9.73x	$19.10 Billion
Bank Millennium S.A. (MIL)	$2.52 Billion	18.32%	11.12x	$7.66 Billion
Bank Polska Kasa Opieki SA (PEO)	$16.04 Billion	22.00%	7.23x	$18.96 Billion
Powszechna Kasa Oszczednosci Bank Polski SA (PKO)	$24.65 Billion	15.17%	6.75x	$39.40 Billion

About Bank Handlowy w Warszawie SA

WAR:BHW Poland Banks - Regional

Market Cap

$4.34 Billion

zł15.78 Billion PLN

Market Cap Rank

#3777 Global

#27 in Poland

Share Price

zł121.00

Change (1 day)

-3.20%

52-Week Range

zł100.80 - zł136.40

All Time High

zł136.40