PKO BP with PLN 820 mln Q4 net profit

WSE-listed, state-controlled lender PKO BP had a PLN 820 million net profit in Q4, a 38.3 percent y/y growth. Net interest income amounted to PLN 2.24 billion up by 11.3 percent y/y, while net fee and commission income increased by 7.8 percent y/y to PLN 760 million. At end-2017, bank assets amounted to PLN 296.91 billion, up from PLN 285.57 billion at the end-2016. For 2017, PKO BP posted a PLN 3.1 billion net profit, slightly up from PLN 2.87 billion last year.