By Patryk Wasilewski
WARSAW--Poland's BRE Bank SA (BRE.WA) Tuesday reported an 8.9%
drop in third-quarter net profit to 280.1 million zlotys ($87.1
million), in line with market expectations of PLN282 million net
profit.
MAIN FACTS:
- Third-quarter net interest income up 4.1% to PLN573.1
million.
- Analysts saw BRE's net interest income at PLN570 million.
- The bank's fees and commission income fell 6.9% to PLN204.1
million.
- Analysts expected the bank's fee and commission income to drop
to PLN211 million.
- Provisions for bad loans up 21.3% to PLN134.9 million, versus
PLN135 million seen by the market.
- BRE Bank is controlled by Germany's Commerzbank AG
(CBK.XE).
Write to Patryk Wasilewski at patryk.wasilewski@dowjones.com
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