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| Name | Symbol | Market | Type |
|---|---|---|---|
| mBank SA (PK) | USOTC:BREJY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 4.42 | 7.28 | 8.38 | 0.00 | 19:26:58 |
From Jul 2019 to Jul 2024
By Patryk Wasilewski
WARSAW--Poland's BRE Bank S.A. (BRE.WA) reported Tuesday a 2.1% decline in first-quarter net profit to 324 million zlotys ($103 million), beating market expectations thanks to significantly lower provisions for non-performing loans.
Analysts expected the Commerzbank AG (CBK.XE) Polish unit to report a net profit of PLN286 million with provisions at PLN77 million; but BRE reported provisions of only PLN27.7 million.
The bank slightly missed net interest income expectations with a decline to PLN503.6 million, a result of significant central bank interest rate cuts over recent months. Net fee income came in at PLN197.5 million, also below expectations.
Write to Patryk Wasilewski at patryk.wasilewski@dowjones.com
Order free Annual Report for BRE Bank SA
Visit http://djnweurope.ar.wilink.com/?ticker=PLBRE0000012 or call +44 (0)208 391 6028
Order free Annual Report for BRE Bank SA
Visit http://djnweurope.ar.wilink.com/?ticker=US05570T1051 or call +44 (0)208 391 6028
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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