Raiffeisen Polbank profit up 120% in H1 y/y

The Polish unit of Raiffeisen Bank International, Raiffeisen Polbank recorded PLN 235.3 million in net profits in H1 2016, an increase of 120 percent on an annual basis. The lender's gross profit grew by 145 percent to PLN 337.9 million. The fee income rose by 11 percent y/y to PLN 295.1 million, while net interest income went up by 4 percent to PLN 485.5 million. Loan impairments fell by 45 percent to PLN 54.9 million, the bank informed. Raiffeisen Polbank has been operating in Poland since 1991.