Semi-Annual Report of PKO BP (Poland)

     PKO BP is Poland's largest bank. 

    The net profit of the PKO BP group in the second quarter of 2018 increased to PLN 933 million from PLN 857 million a year earlier - the bank reported in a semi-annual report. The bank's profit was in line with market expectations.

    Net profit in the second quarter increased by 9 percent year-over-year and 23 percent qoq.

    In the first half of 2018, the net profit amounted to PLN 1690 million, ie it increased 22.3%. yoy. Net ROE is 9.5 percent.

    The bank's net interest income in the second quarter amounted to PLN 2291 million and was in line with analysts' expectations. The interest income increased by 8 percent yoy and 3 percent qoq.

    The total capital ratio of the PKO BP group is 17,4%, and Tier 1 capital ratio is 16.12%.

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PKO BP provides services to individual and business clients. The core business activity of PKO Bank Polski is retail banking.