Pekao SA net profit up 11.5 % y/y

Commercial lender Bank Pekao recorded a consolidated net profit of PLN 690.51 million in Q2 2016, compared with PLN 619.21 million in the same period of the previous year, the lender informed in a report. The bank's net interest income totaled PLN 1 082.01 billion in Q2 2016, compared with PLN 1 015.5 billion in Q2 2015. Net fees and commissions came in at PLN 505.14 million, compared with PLN 513.25 million in Q2 2015. The bank's assets amounted to PLN 166.01 billion, while in the same period last year, they stood at PLN 170.90 billion. The value of cash loans in Q2 2016 totaled PLN 2 billion, which constitutes for a 12 percent rise yearly. Mortgage loans amounted PLN 3.2 billion, which contributed to a 18 percent market share. Bank Pekao is one of the largest bank in the CEE region. It has been listed on the Warsaw Stock Exchange since 1998. UniCredit became its owner in 1999.