Earnings Poll: Poland's PKO BP expected to post Q1 net profit of $340 mln

Ipopema Securities SA

16/05/2023 13:23

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      PKO's Q1 results due May 18 before market open
    

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      Q1 net profit seen at 1.41 bln zlotys
    

  
       GDANSK, May 16 (Reuters) - PKO BP  PKO.WA , Poland's
biggest bank, is expected to report first-quarter net profit
little changed from a year earlier, helped by higher net
interest income, a Reuters poll showed on Tuesday. 
    The state-run bank booked a cost of 967 million zlotys in
the quarter related to Polish banks' ongoing troubles with FX
mortgage loans.
    PKO BP is expected to report a net profit of 1.41 billion
zlotys ($340 million), the survey of five banks and brokerages
showed.   
    Following is a table of estimates. Figures are in millions
of zlotys unless otherwise stated:
    
                    FIRST QUARTER OF 2023
==============================================================
               Net Income  Net Interest  Net Fee     Net
                             Income      Income   provisions 
==============================================================
  Median         1,412      4,228        1,224      -375
  Average        1,405      4,220        1,219      -375
  Lowest         1,314      4,200        1,200      -380
  Highest        1,431      4,246        1,238      -371
 No. of f'casts    5          5            5          5 
  Q1 2022        1,416      3,200        1,179      -504
  Q4 2022        1,732      4,158        1,241      -362
Forecasts provided by: DM BOS, Erste Group, Ipopema Securities
Santander BM, Wood&Co. 
    ($1 = 4.1422 zlotys)

 (Reporting by Anna Banacka; Editing by Mark Potter)
 ((Anna.banacka@thomsonreuters.com
+48 58 769 65 65))