Citi Handlowy made a net profit of z³.244 million in the first quarter of 2012. That's 34 percent more than it recorded in the same period one year earlier and a 10 percent month-on-month increase.
“The result is very good, but it was influenced by one-off events. The bank recorded additional profit from the sale of bond portfolios,” Tomasz Bursa, analyst at Ipopema Securities, told Puls Biznesu.
Not taking into account one-offs, the results of Citi Handlowy's business operations improved by four percent y/y. That's less than the increases recorded by Millennium and BZ WBK, banks which have already published their Q1 reports.
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