PKO BP profit in line with expectations

Poland’s largest bank PKO BP recorded a consolidated net profit of PLN 873.4 million in the third quarter of 2014 compared to PLN 752.3 million a year earlier, the lender said in its financial statement. Analysts polled by the Polish Press Agency had expected the net profit to be PLN 853.9 million. PKO BP’s net interest income was PLN 726.8 million in Q3 2014, in line with market consensus. It grew by 22 percent year-on-year and by 2 percent quarter-to-quarter. Net fees and commissions came in at PLN 726.8 million, close to the expected PLN 750 millon. It declined by 4 percent y/y and by 7 percent q/q.