Bank Pekao net profits down in Q1 y/y

Commercial lender Bank Pekao recorded a consolidated net profit of PLN 573.4 million in Q1 2016, compared with PLN 624.4 million in the same period of the previous year, the lender informed in a report. The bank's net interest income totaled PLN 1.07  billion in Q1 2016, compared with PLN 1.04 billion in Q1 2015. Net fees and commissions came in at PLN 463.4 million, compared with PLN 480.57 million in Q1 2015. The bank's assets amounted to PLN 159.69 billion, while in the same period last year, they stood at PLN 163.53 billion.