BZ WBK beats host of banks with 137% rise in profits

It is also most probably the fourth best result on the market, following PKO BP, Pekao SA, which both made almost zł.1 billion, and Bank BPH. BZ WBK is the seventh largest bank in terms of its own funds and therefore out-performed Kredyt Bank, ING BSK and BRE Bank, which are all far better capitalized. However, BZ WBK generated almost a third of its earnings from dividends paid out by Commercial Union and on the sale of CardPoint. The result was in accordance with analysts' prognosis who expect the bank to show as much as zł.418 million net profit by the end of the year. (Puls Biznesu, p. 13) A.K.