Poland's PKO BP reports first-quarter profit above expectations

Powszechna Kasa Oszczednosci Bank Polski SA

14/05/2026 05:50

GDANSK, May 14 (Reuters) - Poland's biggest lender PKO BP PKO.WA reported a 2% rise in its first-quarter profit on Thursday, as a drop in legal risk provisions related to Swiss franc mortgages and higher fee income offset lower interest rates and higher tax.

The bank's net profit was 2.52 billion zlotys ($695.2 million) in the quarter, compared with the median estimate of 2.43 billion zlotys from analysts polled by PKO.

($1 = 3.6247 zlotys)

(reporting by Anna Jaworska-Guidotti, Editing by Milla Nissi-Prussak)

((( anna.jaworska-guidotti@tr.com ; +48 58 769 65 56) ))