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Polish mBank Q4 profit down 6 pct y/y, but tops f'casts
February 8, 2017 / 6:43 AM / 8 months ago

Polish mBank Q4 profit down 6 pct y/y, but tops f'casts

WARSAW, Feb 8 (Reuters) - Poland’s fourth largest lender by assets, mBank, reported on Wednesday an almost 6-percent annual fall in its fourth-quarter net profit reflecting the impact of a bank tax imposed last year.

The bank, a unit of Germany’s Commerzbank, said its net profit stood at 292.5 million zlotys ($72.60 million) in the last quarter of 2016 compared with 261 million expected by analysts in a Reuters poll. ($1 = 4.0291 zlotys) (Reporting by Marcin Goclowski; Editing by Shri Navaratnam)

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