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The Warsaw Voice » Business » May 12, 2014
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Bank Handlowy beats forecasts with net profit
May 12, 2014   
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Bank Handlowy, the Warsaw listed unit of Citibank, beat market expectations with a Q1 attributable net profit of PLN 247,1 million , as compared to 211.8 million forecast, Q1 report out Friday pre-session showed.

Handlowy saw basic banking earnings slip against prior periods, but quickly compensated on trading earnings and with cost cutting to beat the consensus and pump up earnings vs the prior quarter. The balance sheet surged on new corporate exposures.

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