Bank Handlowy expects PLN 60 mln net profit in Q1

WSE-listed Bank Handlowy likely ended the first quarter with a PLN 60 million net profit, the lender said in a market filing. The result was impacted by “lower trading result” and a “one-off booking of reserves for premiums to the bank resolution fund” at the Banking Guarantee Fund, Handlowy said of what it called a non-deductible cost. In Q1 2016 Handlowy netted group PLN 104.4 million. The trading result amounted to 44.9 million. The final report for Q1 will be published on April 28.