BZ WBK Q2 net profit at PLN 635 mln

BZ WBK reported consolidated Q2 net profit of PLN 635 million compared to 651.1 million a year ago. Net interest margin stood at 3.8 percent versus 3.8 percent a year ago and 3.98 percent in Q1. A quarter-on-quarter decrease in margin was due to higher costs of asset financing, the bank said. Operating costs were PLN 915.8 million versus PLN 828.6 million y/y. Bank assets stood at PLN 168.5 billion at the end of Q2 compared to PLN 149.8 billion at the end of Q2 2017.