Earnings Poll: Poland's PKO BP Q4 net profit expected at 1.18 bln zlotys

Ipopema Securities SA

23/02/2022 15:05

* PKO's Q4 results due Feb 24 before market open
    * Q4 net profit seen at 1.18 bln zlotys vs 4.58 bln loss
year ago

    GDANSK, Feb 23 (Reuters) - Poland's biggest bank, PKO BP
 PKO.WA , is expected to report a fourth-quarter profit after a
loss in the same period a year earlier, which was hit by
provisions on Swiss franc mortgages, a Reuters poll showed on
Wednesday. 
    State-run PKO BP is expected to report a net profit of 1.18
billion zlotys ($293 million) for the quarter, the survey of
nine banks and brokerages showed.
    That would result in a net profit of 4.85 billion zlotys for
the whole of 2021. 
    
    The following is a table of estimates. Figures in millions
of zlotys unless otherwise stated:
                    FOURTH QUARTER OF 2021  
==============================================================
               Net Income  Net Interest  Net Fee    
                             Income      Income    
==============================================================
  Median         1,167       2,644       1,160      
  Average        1,180       2,641       1,163      
  Lowest         1,133       2,582       1,140      
  Highest        1,231       2,680       1,196      
 No. of f'casts     9          9            9           
  Q4 2020        -4,575      2,458       1,024      
  Q3 2021        1,258       2,496       1,137      
Forecasts provided by: DM BOS, Santander BM, BofA, DM mBank,
Millennium DM, Ipopema, Trigon DM, VTB Capital Research, BM
mBank
    ($1 = 4.0246 zlotys)

 (Reporting by Patrycja Zaras; Editing by Mark Potter)
 ((Patrycja.zaras@thomsonreuters.com, +48 58 769 66 41))