Poland's PKO BP first-quarter net profit rises 20.8%

Powszechna Kasa Oszczednosci Bank Polski SA

13/05/2025 05:36

GDANSK, May 13 (Reuters) - Poland's biggest bank PKO BP PKO.WA posted a 20.8% year-on-year rise in its first-quarter net profit on Tuesday due to improved core business income.

The largest Polish bank by total assets reported a profit of 2.47 billion zlotys ($647.33 million) for the quarter, beating market expectations of 2.44 billion zlotys, according to data in bank-compiled consensus.

The lender's quarterly net interest income grew 15.2% to 5.98 billion zlotys.

($1 = 3.8157 zlotys)

 (Reporting by Adrianna Ebert, editing by Milla Nissi-Prussak)

 ((Adrianna.Ebert@thomsonreuters.com; +48 58 769 65 88;))