Bank Handlowy profit drops in Q2

Citibank unit Bank Handlowy recorded a net profit of PLN 266.2 million in the second quarter of 2014 compared to PLN 300.3 million a year earlier, the lender said in a statement on Friday. Analysts polled by the Polish Press Agency had expected the net profit to be even lower, at PLN 248.8 million. Bank Handlowy’s net interest income was PLN 302.1 million in Q2 2014. It declined by 0.5 percent year-on-year. Market consensus saw the result at PLN 303.6 million. Net fees and commissions were at PLN 167.1 million, 2.1 percent higher than in the corresponding period of 2013. Analysts had expected it to be PLN 163.7 million.