PKO39;s Q2 results due Aug 18 before market open
Q2 net profit seen at 335 mln zlotys vs 1.24 bln year ago

GDANSK, Aug 16 Reuters Poland39;s biggest bank, PKO BP, is expected to report a 73 yearonyear drop in secondquarter net profit, following provisions for loans in Swiss francs and an institutional protection scheme IPS contribution, a Reuters poll showed on Tuesday.

Staterun PKO BP is expected to report a net profit of 335 million zlotys 72.26 million for the quarter, the survey of eight banks and brokerages showed.

That would result in a net profit of 1.75 billion zlotys for the first half of 2022.

The 73 drop compared with the same period a year ago follows a 1.18 billion zlotys provision for Swiss franc loans, and a 872 million zlotys contribution paid to an IPS.

The following is a table of estimates. Figures in millions

of zlotys unless otherwise stated

SECOND QUARTER OF 2022

Net Income Net Interest Net Fee Net

Income Income provisions

Median 335 3,651 1,191 300

Average 335 3,661 1,195 292

Lowest 287 3,638 1,179 319

Highest 389 3,731 1,217 255

No. of f39;casts 8 8 8 7

Q2 2021 1,236 2,405 1,055 261

Q1 2022 1,416 3,200 1,179 504

Forecasts provided by Ipopema Securities, DM Millenium, DM Pekao, DM mBank, DM BOS, Erste Securities, Trigon DM, and DM Santander.

1 4.6346 zlotys

Reporting by Mateusz Rabiega; Editing by Barbara Lewis

Source Reuters