Bank BPH smashes expectations for Q4 2012 profits
March 15, 2013
Bank BPH posted an attributable net profit of PLN 71.7. million in Q4 2012, way above expectations for a PLN 47.5 million profit, with outperformance visible especially on the fee income line, PAP Polish news agency calculations against the annual report out Thursday and 9M figures showed.
Impairments for the quarter came in slightly deeper than expectations at PLN 47.5 million, a jump from the minimal PLN 3.5 million in Q3 2012 but a half of the number reported in Q4 2011.
Net interest income of PLN 295.5 million was almost in line with the consensus for PLN 299.2 million as it slid 6.2% q/q.
Outperformance came on the fee income line, which measured PLN 131.9 million, up 10% from Q3 and also 10.5% above the consensus.
All Q4 numbers have been calculated by PAP.