Bank Pekao profit higher than consensus

Poland’s second-biggest lender Bank Pekao recorded a consolidated net profit of PLN 704.4 million in the third quarter of 2014. Analysts polled by the Polish Press Agency had expected it to be pLN 676.1 million. The bank's net interest income stood at PLN 1.13 billion in Q3. It was in line with market consensus of PLN 1.14 billion. Net fees and commissions came in at PLN 505 million, also in line with analysts' expectations.