November 8, 2013 / 6:16 AM / in 4 years

UniCredit's Polish arm Pekao Q3 net profit down 18

WARSAW, Nov 8 (Reuters) - Bank Pekao, the Polish arm of Italy’s UniCredit, reported on Friday an 18-percent net profit drop in the third quarter as record-low interest rates and a sluggish economy took a bite out of its income.

Pekao, Poland’s No. 2 lender, said it earned 655 million zlotys ($210 million) compared to 643 million zlotys predicted by analysts polled by Reuters. ($1 = 3.1252 Polish zlotys) (Reporting by Chris Borowski)

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