Poland's PKO BP fourth-quarter net profit rises 259%

Powszechna Kasa Oszczednosci Bank Polski SA

13/03/2025 05:45

GDANSK, March 13 (Reuters) - Poland's PKO BP PKO.WA posted a 259% year-on-year rise in fourth-quarter net profit on Thursday, due to improving income from core activities.

The largest Polish bank by assets reported profit of 2.45 billion zlotys ($635.95 million), beating market expectations of 2.24 billion zlotys in a bank-compiled consensus.

PKO said it meets the requirements of the recommendation to pay dividends of up to 75% of profit.

($1 = 3.8525 zlotys)

 (Reporting by Adrianna Ebert; Editing by Christopher Cushing)

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