Poland's largest bank PKO BP said its net profit in Q4 2012 was lower than a year earlier, but it was in line with analysts' expectations. The lender had a net profit of zł.874.2 million in the last three months of 2012, compared with zł.951.9 in the corresponding period of 2011.
Profit from interest was zł.1.863 billion, lower than the market consensus expectation of zł.1.950 billion. Income from fees and commissions was zł.806.8 million, this time higher than the zł.775.2 million expected by analysts.
The bank's overall net profit for all of 2012 was zł.3.75 billion, one percent lower than the net profit for 2011. As of the end of 2012, the bank's net assets were zł.193.5 billion, up 1.4 percent year-on-year.
From Warsaw Business Journal
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