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Poland's Alior Q3 net rises to 190 mln zlotys, beats forecasts
November 9, 2017 / 6:16 AM / a month ago

Poland's Alior Q3 net rises to 190 mln zlotys, beats forecasts

WARSAW, Nov 9 (Reuters) - Poland’s state-run Alior Bank said on Thursday its third-quarter net profit more than doubled to 190 million zlotys ($52.03 million), thanks to a growing economy and the effects of a merger with smaller rival BPH.

Analysts had expected the mid-tier lender to increase net profit to 158 million zlotys, from the 87 million zlotys the bank reported a year earlier. ($1 = 3.6516 zlotys) (Reporting by Agnieszka Barteczko; Editing by Biju Dwarakanath)

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