WARSAW--Poland's Bank Zachodni WBK S.A. (BZW.WA) a unit of
Spain's Banco Santander S.A. (SAN.MC) Tuesday reported a 20% rise
in first-quarter net profit driven by a rise in net interest income
and lower provisions.
MAIN FACTS:
- First-quarter net profit up 20% at PLN449 million ($148
million)
- Net interest income up 16% at PLN867 million in 1Q
- Net fee income up 2.3% at PLN442 million
- Non-performing loans provisions down at PLN162 million from
PLN196 million
- Santander owns 70% of BZ WBK.
Write to Patryk Wasilewski at patryk.wasilewski@wsj.com
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