mBank with PLN 411 mln profit in Q1

mBank recorded consolidated net profit of PLN 411 million in Q1 2018, up from PLN 218.78 million in the corresponding period of last year, the lender stated in a report. Profit form interest increased to PLN 816.42 million from PLN 749.01 million posted in Q1 2017. Profit from commissions reached PLN 268.88 million, against PLN 249.55 million a year earlier. Net interest margin increased in Q1 2018 to 2.61 percent, from 2.57 percent in Q4 2017.