PKO BP Q2 profit slightly down

WSE-listed lender PKO BP recorded a PLN 857 million consolidated net profit a 1.8 percent drop y/y. Net interest income amounted to PLN 2.11 billion vs. PLN 1.9 billion a year earlier. Net fee and commission income amounted to PLN 733 million compared to PLN 667 million last year. At end-Q2, bank assets amounted to PLN 286.39 billion, slightly up from PLN 285.57 billion at the end-2016. For H1, PKO BP posted a PLN 1.38 billion net profit, down from PLN 1.12 billion last year. The bank reminded, that last year’s profit was boosted by the revenue from the sale of Visa Europe, which improved last year’s result by PLN 269 million.