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PEO — Bank Polska Kasa Opieki SA News Story

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Bank Pekao rises as strong fee income drives fourth-quarter net profit beat

** Shares in Bank Pekao PEO.WA rise around 2.5% after the Polish lender posted a fourth-quarter net profit exceeding market expectations

** Its net profit of 1.82 billion zlotys ($509.25 million) came in ahead of the 1.66 bilion zloty estimate seen in a company-compiled consensus

** The lender's net fee & commission income, which rose 15% year-on-year 890 million zlotys, and lower credit risk provisions were the main contributors behind the better-than-expected net profit, Erste Group analyst Lukasz Janczak said

** As of 08:42 GMT, Bank Pekao shares were leading gains in Poland's blue-chip index WIG20 .WIG20

($1 = 3.5739 zlotys)

 (Reporting by Rafal Nowak)

 ((RafalWojciech.Nowak@thomsonreuters.com; +48 58 769 66 63;))

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