Poland's Bank Pekao posts 27% drop in first-quarter profit

Bank Polska Kasa Opieki SA

30/04/2026 05:13

GDANSK, April 30 (Reuters) - Poland's second-biggest lender Bank Pekao PEO.WA reported a nearly 27% year-on-year drop in its first-quarter profit on Thursday due to higher taxes, costs and provisions.

Pekao posted a net profit of 1.23 billion zlotys ($337 million) for the quarter, beating the 1.16 billion zloty estimate from analysts polled by the bank.

($1 = 3.6501 zlotys)

(Reporting by Adrianna Ebert; editing by Milla Nissi-Prussak)

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