BZ WBK and mBank y/y profits fall in Q3

Bank Zachodni WBK recorded a PLN 425.93 million consolidated net profit attributable to shareholders of the parent company in Q3 of 2016, a y/y drop from PLN 472.72 million, the bank reported. The bank's net interest income stood at PLN 1.218 billion, up from PLN 1.09 billion a year earlier. Net fee and commission income amounted to PLN 487.22 million, a y/y rise from PLN 482.7 million. Meanwhile, mBank recorded a PLN 230.48 million consolidated net profit attributable to shareholders of the parent company in Q3 of 2016, down from PLN 319.5 million a year earlier, the bank reported. The bank's net interest income totaled PLN 718.71 million, a y/y rise from PLN 641.75 million. Net fee and commission income stood at PLN 234.36 million, down from PLN 235.58 million a year earlier. Both Bank Zachodni WBK and mBank are listed on the WSE. BZ WBK's main shareholder is Spain's Bank Santander, while mBank's strategic shareholder is Germany's Commerzbank.