Pekao Q4 net down 15 pct on bad loans
WARSAW, March 3 |
WARSAW, March 3 (Reuters) - Pekao BAPE.WA, Poland's top corporate lender, reported a 15-percent drop in fourth-quarter net profit on Wednesday, touch smaller than expected, on fresh provisions for a growing batch of non-performing loans.
The bank, controlled by Italy's UniCredit CRDMI.WA, said it earned 612 million zlotys in the last three months of last year compared to 601 million predicted by analysts in a Reuters poll. (Reporting by Chris Borowski)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.
Follow Reuters