BPH bank posts PLN 33.5m attrib. net profit in Q2
September 1, 2014
Bank BPH posted an attributable net profit of PLN 33.5 mln in Q2 2014, a notch above consensus call for a PLN 30.8 mln profit, the bank said in its H1 report.
Results across the P&L proved roughly in line with the market consensus.
Impairments took PLN 20.1 mln from the P&L - nearly double the Q1 sum. Management cited an end-June NPL ratio of 11.3%.
In core earnings, net interest income slid by 1.5% from Q1 2014 to PLN 231.4 mln. The bank cited an interest margin of 2.91%. Fee income edged down by 4.6% q/q to PLN 88.2 mln.