mBank profit grows in Q2

Commerzbank-owned lender mBank recorded a net profit of PLN 324.8 million in the second quarter of 2014 compared to PLN 278 million a year earlier, the bank said in its financial statement. The result was slightly lower than market consensus compiled by the Polish Press Agency, which amounted to PLN 326.6 million. mBank’s net interest income stood at PLN 617.2 million in Q2 2014 compared to a consensus of PLN 605.5 million. It grew by 12 percent year-on-year. Net fees and commissions came in at PLN 243.7 million, close to a consensus of PLN 244.8 million. It grew by 17 percent y/y.