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EARNINGS POLL-Poland's PKO Q2 net profit seen 5 pct down y/y
August 23, 2017 / 1:37 PM / 3 months ago

EARNINGS POLL-Poland's PKO Q2 net profit seen 5 pct down y/y

    * PKO Q2 results due Aug 28, before market open
    * Net profit seen down by 5 pct to 831 mln zlotys

    WARSAW, Aug 23 (Reuters) - Poland's biggest bank PKO BP
         is expected to report a 5-percent year-on-year fall in
its second-quarter net profit, mainly due to a one-off
transaction that boosted its result a year ago, a Reuters poll
showed on Wednesday. 
    The state-run PKO BP is seen posting a net profit of 831
million zlotys ($228.95 million) in the second quarter of 2017,
a survey among 11 banks and brokerages showed. This would peg
first-half of the year net profit at 1.356 billion zlotys.
        
    The following table summarises market forecasts for 
PKO. (Figures in millions of zloty unless stated):
                    SECOND QUARTER OF 2017 
==============================================================
               Net Profit  Net Interest  Net Fee    Net
                             Income      Income   provisions 
==============================================================
  Average         831        2113         731       -405
  Median          839        2107         731       -404
  Lowest          759        2096         724       -415
  Highest         853        2178         748       -398
 No. of f'casts    11          11          11         11
  Q2 2016         874        1909         667       -400
  Q1 2017         525        2046         710       -391
 Forecasts provided by: Trigon DM, Wood & Co., Citigroup, Erste,
DM mBank, Pekao IB, Haitong, DM BOS, Ipopema, DM BZ WBK, and
Millennium DM.
($1 = 3.6296 zlotys)

 (Reporting by Marcin Goclowski; Editing by Agnieszka Barteczko)
  

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