Getin Noble Bank with PLN 67.7 mln Q2 net loss

Getin Noble Bank had a PLN 67.71 million net loss in Q2, compared to PLN 1.13 million profit the year before. Income from interest grew to PLN 327.46 million vs. PLN 326.03 million in Q1 2016, while fee income increased by 66.8 percent y/y to PLN 40.76 million. Bank's assets at end-Q2 amounted to PLN 64.46 billion, down from PLN 66.52 billion at end-2016. “Actions planned for 2017 assume increasing asset impairments and improvement of fundamentals in order to enable us a return to profitability growth path in 2018,” CEO Artur Klimczak said.