Poland's BZ WBK Q2 net profit rises 20 pct, beats forecast - Forbes.com

Poland's BZ WBK Q2 net profit rises 20 pct, beats forecast - Forbes.com

Polish mid-sized lender BZ WBK, controlled by Allied Irish Banks, beat expectations with an almost 20 pct year-on-year jump in second-quarter net profit to 298 mln zlotys as an economic upswing spurred demand for loans and increased inflows into mutual funds.

The median forecast in a Thomson Financial News survey of 10 analysts expected the bank, Poland's seventh-largest by assets, to earn 293 mln zlotys in the April-June period.

Source: AFX