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EARNINGS POLL-Poland's PKO Q1 net profit seen 19 pct down y/y
May 18, 2017 / 7:52 AM / 6 months ago

EARNINGS POLL-Poland's PKO Q1 net profit seen 19 pct down y/y

    * PKO Q1 results due May 22, before market open
    * Net profit seen down by 19 pct to 521 mln zlotys

    WARSAW, May 18 (Reuters) - Poland's biggest bank PKO BP
         is expected to post a 19-percent year-on-year fall in
its first-quarter net profit, mainly due to changes to the way
contributions to guarantee fund are calculated, a Reuters poll
showed on Thursday. 
    The state-run PKO BP is seen posting a net profit of 521
million zlotys ($138.14 million) in the first quarter of 2017, a
survey among 12 banks and brokerages showed.
        
    The following table summarises market forecasts for 
PKO. (Figures in millions of zloty unless stated).
                    FIRST QUARTER OF 2017 
==============================================================
               Net Profit  Net Interest  Net Fee    Net
                             Income      Income   provisions 
==============================================================
  Average         521        2034         708       -347
  Median          529        2031         709       -417
  Lowest          462        2017         685       -428
  Highest         550        2076         733       -425
 No. of f'casts    12          12          12         12
  Q4 2016         593        2021         705       -421
  Q1 2016         639        1853         635       -382
 Forecasts provided by: DM BOS, Erste, Wood&Co., Citigroup,
Haitong IB, Trigon DM, Millennium DM, DM mBanku, Ipopema
Securities, Pekao IB, Raiffeisen, and DM BZ WBK.
($1 = 3.7714 zlotys)

 (Reporting by Marcin Goclowski; Editing by Agnieszka Barteczko)
  

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