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Poland's PKO BP beats second-quarter profit expectations

Poland's PKO BP beats second-quarter profit expectations

- Poland's top bank PKO BP PKO.WA reported a forecast-beating second-quarter net profit on Thursday, as higher fee income and lower Swiss franc loan legal costs offset a higher tax burden and falling net interest income due to lower interest rates.

PKO BP posted a net profit of 2.77 billion zlotys ($741 million) for the three months through June, compared with analysts' median forecast of 2.70 billion zlotys compiled by the bank.

($1 = 3.7384 zlotys)


(Reporting by Rafal Nowak in Gdansk, editing by Milla Nissi-Prussak)

((RafalWojciech.Nowak@thomsonreuters.com; +48 58 769 66 63;))

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