Bank Handlowy Q2 profit down

WSE-listed lender Bank Handlowy recorded PLN 157.98 million net profit in Q2, down by 28.8 percent y/y. Net interest income amounted to PLN 264.07 million against PLN 252.34 million a year earlier. Net fee and commission income amounted to PLN 155.37 million compared to PLN 139.11 million a year earlier. Total assets of the bank amounted to PLN 44.59 billion at the end of Q2 2017 compared to PLN 45.21 billion at end- 2016. For H1, the bank's revenues decreased by 7.2 percent y/y to PLN 991.5 million. The main driver of the revenue decline was the sale of Visa Europe, which boosted last year’s results by PLN 93 million, the company explained.