Poland's mBank returns to Q2 profit on lower provisions

Mbank SA

01/08/2024 05:41

GDANSK, Aug 1 (Reuters) - Commerzbank's  CBKG.DE  Polish unit mBank
 MBK.WA  beat market expectations on Thursday, posting second-quarter net profit
of 421.9 million zlotys ($106.54 million), after it accrued smaller provisions
for legal cost of FX mortgages than a year earlier.
    Analysts expected mBank to post net profit of 348 million zlotys. Poland's
fifth-biggest lender also reported a slight drop in net interest income (NII) to
2.16 billion zlotys versus 2.23 billion seen in a Reuters poll.

($1 = 3.9602 zlotys)

 (Reporting by Mateusz Rabiega; Editing by Jacqueline Wong)
 ((Mateusz.Rabiega@thomsonreuters.com; +48 58 769 67 57;))