Latest news for PKO Bank Polski (OTC:PSZKF) Stock

PKO Bank Polski SA is a universal banking group operating primarily in Poland, with subsidiaries in the Ukraine and Sweden. The bank's corporate strategy places a premium on organic growth and acquisitions. It has a strong presence in retail deposits, mortgage loans, consumer finance, corporate deposits, corporate loans, and asset management. Majority of its net revenue is net interest income, overwhelmingly derived from customer loans. Net fees and commissions, in contrast, are diversified across loans and insurance, mutual funds and brokerage, cards, and customer accounts. The bank has an appreciably large portion of its deposit base originating from retail clients in relation to competitors.

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PSZKF

PKO BP Q1 Net Profit Surges 15%

POWSZECHNA KASA OSZ BK by Powszechna Kasa Oszczednosci Bank Polski SA

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Shares of several oil stocks are trading higher amid an increase in the price of oil driven by greater-than-expected production cuts.

Powszechna Kasa Oszczednosci Bank Polski SA (OTC: <a class="ticker" href="/stock/pszkf#OTC">PSZKF</a>) reported a 15% rise in its first-quarter net profit. 

Its quarterly net profit climbed to 1.0 billion zlotys ($302 million). However, analysts were expecting a net profit of PLN1.03 billion. 

Its net interest income surged around 20% to PLN2.06 billion. PKO BP's net fee income dropped 2% to PLN723 million.

PKO Bank Polski

Powszechna Kasa Oszczednosci Bank Polski SA (OTC: <a class="ticker" href="/stock/pszkf#OTC">PSZKF</a>) reported a 15% rise in its first-quarter net profit. 

Its quarterly net profit climbed to 1.0 billion zlotys ($302 million). However, analysts were expecting a net profit of PLN1.03 billion. 

Its net interest income surged around 20% to PLN2.06 billion. PKO BP's net fee income dropped 2% to PLN723 million.

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PKO Bank Polski

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