Bank Pekao Q2 net profit up at PLN 539.8 mln

Bank Pekao group Q2 net profit grew to PLN 539.8 million from PLN 535.1 million a year ago, above analysts' forecast of PLN 536.2 million. Q2 net interest income stood at PLN 1.24 billion, close to the expectations. The interest margin increased in Q2 to 2.83 percent from 2.82 percent y/y. The bank currently does not consider any acquisitions and does not see potentially interesting assets, CEO Michał Krupiński said. This week Pekao and Alior Bank have decided to end negotiations regarding their possible merger.