Getin Noble Bank widens its Q3 net loss

WSE-listed Getin Noble Bank had a PLN 75.13 million net loss in Q3, compared to PLN 26.54 million loss the year before. Income from interest contracted to PLN 325.71 million vs. PLN 328.86 million in Q3 2016, while fee income increased by 39.6 percent y/y to PLN 40.41 million. Bank's assets at end-Q3 amounted to PLN 62.84 billion, down from PLN 66.52 billion at end-2016. The lender hopes to regain profitability in 2018. “We enjoy increasingly strong fundamentals and the management's ambition is to return to the path of lasting profitability growth next year, which is feasible,” CEO Artur Klimczak said