GDANSK (Reuters) – Commerzbank’s Polish unit is expected to post a third quarter net profit of 476 million zlotys ($118.7 million) due to lower costs of legal risk related to foreign currency loans and higher net interest income, a Reuters poll showed on Wednesday.
The bank reported that legal risk costs associated with foreign currency loans amounted to 953 million zlotys for the period, down from 1.08 billion zlotys in the same period of 2023. It reported a loss of 83 million zlotys over that period.
After three quarters, mBank’s net profit could reach 1.16 billion zlotys, analysts forecast.
THIRD QUARTER OF 2024
(Figures in millions of zlotys unless stated otherwise)
Net Profit Net Interest Income Net Fee Income
Median 510 2458 495
Average 476 2498 495
Lowest 350 2442 491
Higest 518 2574 501
No. of 5 5 5
forecasts
Q3 2023 -83 2280 483
Q2 2024 422 2160 491
Forecasts provided by: DM PKO BP, DM BOS, DM Millennium, Erste Group, Trigon DM
($1 = 4.0098 zlotys)
(Reporting by Rafal W. Nowak; Editing by Tomasz Janowski)
