Record Profit at Zachodni Bank

Business › n.a. ♦ Published: October 25, 2013; 22:09 ♦ (Vindobona)

The third-largest Polish lender has published the results for the third quarter. Net results are well above the estimates.

Record Profit at Zachodni Bank / Picture: © Bank Zachodni WBK

Due to the takeover of its Polish competitor Kredyt Bank SA, Bank Zachodni WBK SA posts the highest quarterly net in its history. In total, net income was up by 61% to € 137m. On average, Zachodni Bank was expected to post a net income of € 96m. Last year, Zachodni Bank´s net income reached € 366m. CEO Mateusz Morawiecki is optimistic to exceed the results posted in…

or Log In

Fast News Search
Related News
Poland: Key Rate to Remain Low (October 24, 2013)
ECB: “Uniform Assessment for Banks Important Step for Europe” (October 24, 2013)
Poland: IMF Upgrades Growth Forecasts (October 20, 2013)
Poland: PKO BP to Acquire Polish Assets of Nordea (June 13, 2013)
Moody’s: Rate Cuts Credit-Negative for Polish Banks (June 11, 2013)
Read More
Poland, Banking Industry, Bank Pekao, Bank Zachodni WBK, PKO Bank Polski, Kredyt Bank
Featured
See latest Vindobona Newsletter