BRE Bank Q1 results shows it is back in the black

BRE Bank posted a stronger than expected Q1 net profit on Monday of zł. 34 million, against a net loss of zł. 6.4 million in the same period of 2002, but analysts said plunging interest revenues indicate that it and other lenders should not expect strong growth this year. BRE's interest revenue fell 35% to zł. 294 million, but small gains on financial operations - compared to big losses in the same period of 2002 - helped push its net banking income up 8% to zł. 171 million. (Puls Biznesu, p. 7; Reuters) A.Z.