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Polish Pekao Q2 net profit down on builder woes
WARSAW |
WARSAW Aug 3 (Reuters) - Poland's No. 2 lender Pekao reported a 1 percent drop in second-quarter earnings on Friday as growing troubles of local builders forced it to take fresh provisions for soured loans.
Pekao, a unit of Italy's UniCredit, earned 704 million zlotys compared to 665 million predicted by analysts polled by Reuters. (Reporting by Chris Borowski)
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