April 24, 2018 / 5:56 AM / 8 months ago

Poland's BZ WBK first quarter net profit falls 3 percent year-on-year

WARSAW (Reuters) - Poland’s Bank Zachodni WBK BZW.WA reported on Tuesday a 3 percent fall in first quarter net profit, as higher payment for a bank resolution fund weighed on performance.

Poland’s third largest bank by assets and a unit of Spain’s Banco Santander (SAN.MC) said its net profit fell to 439 million zloty (91.54 million pounds), broadly in line with analysts’ expectations of 432 million zloty.

Reporting by Marcin Goclowski; Editing by Biju Dwarakanath

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