Poland's mBank returns to Q3 profit on lower costs, higher interest income

Mbank SA

31/10/2024 05:30

GDANSK, Oct 31 (Reuters) - Commerzbank's  CBKG.DE  Polish unit mBank
 MBK.WA  on Thursday reported a profit for the third quarter, after a loss last
year, supported by lower costs of legal risk related to foreign currency (FX)
loans and higher net interest income.
    Its net profit was 572.9 million zlotys ($142.8 million) in the quarter,
compared with a loss of 83 million zlotys a year earlier. That exceeded
analysts' expectations for a profit of 476 million zlotys.
($1 = 4.0116 zlotys)

 (Reporting by Rafal W. Nowak; editing by Milla Nissi)
 ((RafalWojciech.Nowak@thomsonreuters.com; +48 58 769 66 63;))