BZ WBK profit higher than expected

Poland’s third-largest lender BZ WBK recorded a consolidated net profit of PLN 504.1 million in the second quarter of 2014 compared to PLN 419.5 million a year earlier, the bank said in a release on Thursday. Analysts surveyed by the Polish Press Agency had expected the profit to come in at PLN 487.5 million. BZ WBK’s net interest income amounted to PLN 905.3 million in Q2 2014. It was slightly higher than market consensus of PLN 893.1 million. Net fees and commissions came in at PLN 451.2 million, close to market consensus of PLN 449.5 million.