May 10, 2018 / 4:45 AM / 14 days ago

Polish mBank Q1 profit rises 88 pct y/y, beats forecasts

WARSAW, May 10 (Reuters) - Poland’s fourth-largest lender by assets, mBank, on Thursday reported an 88 percent rise in first-quarter net profit.

The bank, a unit of Germany’s Commerzbank, said its net profit stood at 411 million zlotys ($114.41 million) compared with 374 million zlotys expected by analysts in a Reuters poll. ($1 = 3.5925 zlotys) (Reporting by Marcin Goclowski)

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