Earnings Poll: Poland's PKO BP Q2 net profit expected at 476 mln zlotys

Safi Silver

23/08/2023 11:24

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      PKO's Q2 results due Aug 24 before market open
    

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      Q2 net profit seen at 476 mln zlotys 
    

  
       GDANSK, Aug 23 (Reuters) - Poland's biggest bank, PKO BP
 PKO.WA , is expected to report a 13% year-on-year increase in
second-quarter net profit, but a drop of as much as 67%
quarter-on-quarter due to costs related to Swiss franc loans, a
Reuters poll showed on Wednesday.
    State-run PKO BP is expected to report a net profit of 476
million zlotys ($115 million) for the quarter, the survey of
five banks and brokerages showed.
    That would result in a net profit of 898 million zlotys for
the first half of 2023.  
 
    The following is a table of estimates. Figures in millions
of zlotys unless otherwise stated:
                    SECOND QUARTER OF 2023  
==============================================================
               Net Income  Net Interest  Net Fee     
                             Income      Income   
==============================================================
  Median           492       4,300       1,128      
  Average          476       4,293       1,153      
  Lowest           395       4,251       1,110      
  Highest          530       4,322       1,282      
 No. of f'casts     5          5           5         
  Q2 2022          422       3,639       1,249      
  Q1 2023        1,454       4,187       1,103      
Forecasts provided by: DM Pekao, DM mBank, Erste Securities,
Trigon DM, and DM Santander.
($1 = 4.1440 zlotys)

 (Reporting by Patrycja Zaras
Editing by Mark Potter)
 ((patrycja.zaras@thomsonreuters.com
+48 697870504))