PKO BP (PKO.WA), opens new tab, Poland’s biggest bank, said on Thursday its second-quarter net profit quadrupled from a year earlier, mainly helped by a strong uptick in its core business and a drop in legal provisions for Swiss franc mortgage loans.
Profit climbed to 2.35 billion zlotys ($611.61 million), while analysts polled had expected 2.14 billion. Net interest income, the state-owned lender’s main revenue generator, jumped 15% to 5.05 billion zlotys.
Source: REUTER
