Bank Pekao Q3 Consolidated Net Profit Rises 16%

Bank Pekao SA BKPKF reported a 16% rise in its third-quarter consolidated net profit. Bank Pekao's quarterly net profit rose to 766.3 million zlotys ($240 million), from PLN659.7 million, in the year-ago period, versus analysts' estimates of PLN729 million. Bank Pekao's net interest income gained 14% y/y to PLN1.17 billion, versus analysts' estimates of PLN1.16 billion. Bank Pekao's retail loan portfolio surged to PLN35.74 billion.