BZ WBK doubles net profits in Q1 y/y

Commercial lender BZ WBK reported a consolidated net profit of PLN 1.035 billion in Q1 2015, compared with PLN 449.49 million in Q1 2014, the bank informed in a report. The bank's assets stood at PLN 131.42 billion at the end of Q1 2015, versus PLN 112.08 billion in the previous year. The lender's net interest income stood at PLN 1.05 billion in Q1 2015 versus PLN 867.75 million in Q1 2014. Net fees and commissions came in at PLN 459.18 million, compared with PLN 441.93 million in the previous year. BZ WBK is Poland's third largest lender and a unit of Spain's Banco Santander.