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Polish PKO H1 net falls 22 pct on record-low rates
August 29, 2013 / 6:02 AM / 4 years ago

Polish PKO H1 net falls 22 pct on record-low rates

WARSAW, Aug 29 (Reuters) - PKO BP, Poland’s top lender, reported a 22-percent net profit drop in the first half, as expected, after record-low interest rates took a large bite out of its income.

The state-controlled bank said on Thursday it earned 1.53 billion zlotys ($476 million), in line with the average forecast in a Reuters poll of analysts. ($1 = 3.2142 Polish zlotys) (Reporting by Chris Borowski)

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