WARSAW--BRE Bank SA (BRE.WA), the Polish unit of German lender
Commerzbank AG (CBK.XE), said its second-quarter net profit fell
15% versus a year earlier as monetary policy easing by the central
bank reduced interest income while non-performing loans rose.
MAIN FACTS:
-- BRE's second-quarter net profit was 272.5 million zlotys ($85
million).
-- BRE's interest revenue was 10% lower on the year and net
interest income was 5.4% lower at PLN535.2 million.
-- BRE's net fee and commission income was 1% higher at PLN221.5
million.
-- Asset impairment charges for non-performing loans totaled
PLN159.5 million, up 46% on the year.
-- BRE Wednesday closed 2.1% higher on the day, outperforming
the blue-chip WIG20 index, which closed 0.8% higher.
Write to Marcin Sobczyk at marcin.sobczyk@wsj.com
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