February 27, 2018 / 10:51 AM / a year ago

Pekao sees double-digit growth in 2018 net adjusted by one-off gain

WARSAW, Feb 27 (Reuters) - Poland’s second-biggest lender Pekao expects a double-digit growth in its net profit this year, compared to 2017 result, excluding a one-off gain, the bank’s Chief Financial Officer Tomasz Kubiak said on Tuesday.

Pekao said earlier on Tuesday that its net profit in the fourth quarter more than doubled year-on-year to 1.05 billion zlotys mainly due to a one-off gain on asset manager Pioneer unit share purchase.‍​ (Reporting by Marcin Goclowski; Writing by Agnieszka Barteczko; Editing by Lidia Kelly)

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