Poland's PKO BP Q2 net profit expected at 335 million zlotys - Reuters poll
Reuters
Published Aug 16, 2022 14:09
GDANSK (Reuters) - Poland's biggest bank, PKO BP (LON:BP), is expected to report a 73% year-on-year drop in second-quarter net profit, following provisions for loans in Swiss francs and an institutional protection scheme (IPS) contribution, a Reuters poll showed on Tuesday.
State-run PKO BP is expected to report a net profit of 335 million zlotys ($72.26 million) for the quarter, the survey of eight banks and brokerages showed.
That would result in a net profit of 1.75 billion zlotys for the first half of 2022.
The 73% drop compared with the same period a year ago follows a 1.18 billion zlotys provision for Swiss franc loans, and a 872 million zlotys contribution paid to an IPS.
The following is a table of estimates. Figures in millions
of zlotys unless otherwise stated:
SECOND QUARTER OF 2022
==============================================================
Net Income Net Interest Net Fee Net
Income Income provisions
==============================================================
Median 335 3,651 1,191 -300
Average 335 3,661 1,195 -292
Lowest 287 3,638 1,179 -319
Highest 389 3,731 1,217 -255
No. of f'casts 8 8 8 7
Q2 2021 1,236 2,405 1,055 -261
Q1 2022 1,416 3,200 1,179 -504
Forecasts provided by: Ipopema Securities, DM Millenium, DM Pekao, DM mBank, DM BOS, Erste Securities, Trigon DM, and DM Santander (BME:SAN).
($1 = 4.6346 zlotys)
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.