Poland's biggest bank posts 23 pct profit rise in H1

Source: Xinhua| 2019-08-14 01:26:08|Editor: yan
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WARSAW, Aug. 13 (Xinhua) -- Poland's biggest bank PKO BP posted a 2.08-billion-zloty (536 million dollars) net profit in the first half of the year, a 23-percent increase compared to the same period of last year, the bank said on Tuesday.

The bank said in a half-year report that it made progress in almost all aspects of its businesses, including net interest income, net fee and commission income, and revenue from financing granted to customers, as a result of larger volume and higher interest margin.

During the period, the bank recorded a 3.9 percent increase in operating expenses, which it attributed to higher regulatory costs.

The balance sheet total of PKO BP amounted to nearly 329 billion zloty, an increase of 4.8 billion zloty since the beginning of the year. (1 U.S. dollar = 3.88 zloty)

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