![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
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 |
WARSAW--Poland't fourth largest bank by assets, BRE Bank (BRE.WA) expects this year's earnings to be closer to 1.2 billion zlotys ($370 million) rather than PLN1 billion originally expected as economy gets on track, Chief Executive Cezary Stypulkowski said Thursday.
"I think we will defend our full-year guidance and we are closer to repeating last year's result [of PLN1.2 billion] rather than the PLN1 billion I flagged earlier," Mr. Stypulkowski said.
The bank's six month net profit was 8% lower than a year earlier at PLN596 million and hitting PLN1.2 billion "would be a stretch," Mr. Stypulkowski said.
BRE's earnings this year suffered from all-time-low interest rates in Poland that hit its margins and lower fee income.
Mr. Stypulkowski added the bank is likely to tap the international bond market and issue swiss franc denominated paper worth up to CHF300 million ($322 million).
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
1 Year mBank (PK) Chart |
1 Month mBank (PK) Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions