BZ WBK’s profit higher than expected

Poland’s third-largest lender BZ WBK recorded a consolidated net profit of PLN 515.9 million in the third quarter of 2014 compared to PLN 537.4 million a year earlier, the bank said in its financial statement. Analysts polled by the Polish Press Agency had expected the profit to be PLN 497.4 millon. BZ WBK’s net interest income stood at PLN 1.15 billion compared to market consensus of PLN 1.12 billion. Net fees and commissions came in at PLN 482.7 million compared to an expected PLN 483.4 million.