Idea Bank's Q2 net profit with 14.8% growth y/y

Idea Bank’s net profit in Q2 2017 amounted to PLN 58.7 million, slightly above market expectations, marking a 14.8 percent increase year-on-year, the group stated in a market filing. Net profit for H1 stood at PLN 109.9 million, excluding the sale of GetBack, which is a 144 percent increase y/y. Revenue from interest on loans equaled PLN 198.3 million, also above market consensus, a 41.4 percent growth y/y and 7.1 percent increase q/q, while revenue from commissions amounted to PLN 83.7 million, falling short of analysts’ expectations, marking an increase of 12.9 percent y/y and a drop of 19.3 percent q/q.