BZ WBK net profit at PLN 438.73 mln in Q1 2018

Bank Zachodni WBK recorded a consolidated net profit of PLN 438.73 million in the first quarter of 2018 compared to PLN 453.04 million profit a year earlier, the bank reported. The total income of the BZ WBK capital group for the first quarter of 2018 amounted to PLN 2,002.3 million and was higher by 8.3 percent y/y, reported in the report. In unitary terms, net profit in Q1 2018 amounted to PLN 280.85 million compared to PLN 353.95 million profit in the previous year. BZ WBK is the third largest bank in Poland in terms of assets (according to data for 2017). It is listed on the Warsaw Stock Exchange. Banco Santander SA has 69.34 percent shares in BZ WBK.