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BREJY mBank SA (PK)

4.42
0.00 (0.00%)
26 Jul 2024 - Closed
Delayed by 15 minutes
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

Polish BRE Sees 2013 Net Profit of PLN1 Billion in 2013 - CEO

06/05/2013 5:11pm

Dow Jones News


mBank (PK) (USOTC:BREJY)
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WARSAW--Polish BRE Bank SA (BRE.WA), a unit of Germany's Commerzbank AG (CBK.XE) is likely to see a net profit of 1 billion zlotys ($314.84 million) this year, the bank's Chief Executive Cezary Stypulkowski said Monday.

Mr. Stypulkowski added the last year's earnings of PLN1.2 billion are unlikely to be repeated this year, mainly due to lower interest rates and an economic slowdown.

"Looking at the first quarter's results, I would say that PLN1 billion net profit is rather certain," Mr. Stypulkowski told TVN CNBC.

BRE's net profit reached PLN324 million in the first three months of 2013.

Write to Patryk Wasilewski at patryk.wasilewski@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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