Bank Handlowy net profits above consensus in Q2

Bank Handlowy, the Polish unit of Citigroup, recorded a consolidated net profit of PLN 222 million in Q2 2016 (versus consensus of PLN 200.5 million), compared to PLN 150.2 million a year earlier, the lender said in its financial statement. The bank's net interest income amounted to PLN 252.3 million in Q2 2016, versus consensus of PLN 254.4 million. Net fees and commissions came in at PLN 139.1 million, versus consensus of PLN 144.8 million. Bank Handlowy is one of the oldest banks in Poland and Europe, it was established in 1870. It is the 10th largest bank in Poland in terms of assets, and 18th in terms of number of outlets. It has been listed on the WSE since 1997.