Polish BRE Sees 2013 Net Profit of PLN1 Billion in 2013 - CEO
May 06 2013 - 11:11AM
Dow Jones News
WARSAW--Polish BRE Bank SA (BRE.WA), a unit of Germany's
Commerzbank AG (CBK.XE) is likely to see a net profit of 1 billion
zlotys ($314.84 million) this year, the bank's Chief Executive
Cezary Stypulkowski said Monday.
Mr. Stypulkowski added the last year's earnings of PLN1.2
billion are unlikely to be repeated this year, mainly due to lower
interest rates and an economic slowdown.
"Looking at the first quarter's results, I would say that PLN1
billion net profit is rather certain," Mr. Stypulkowski told TVN
CNBC.
BRE's net profit reached PLN324 million in the first three
months of 2013.
Write to Patryk Wasilewski at patryk.wasilewski@dowjones.com
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