Bank Handlowy Q4 profit grows

WSE-listed lender Bank Handlowy recorded PLN 163.4 million net profit in Q4, up by 25.4 percent y/y, according to its preliminary financial results. Net interest income amounted to PLN 290.3 million up by 13.2 percent y/y, while net fee and commission income amounted to PLN 144.8 million a 7.3 percent growth. For the whole year, net profit dropped by 11 percent to PLN 535.6 million, while revenues inched down by 0.6 percent to PLN 2.06 billion. Total assets of the bank amounted to PLN 43.04 billion at the end-Q4 2017 compared to PLN 45.21 billion at end-2016.