Bank Handlowy Q3 Net Profit Surges 37%
Bank Handlowy w Warszawie SA, a unit of Citigroup (NYSE: C), reported a 37% rise in its third-quarter net profit.
Bank Handlowy's quarterly net profit surged to 251.2 million zlotys ($78 million), versus estimates of PLN225.9 million.
Its net interest income climbed 4% to PLN370.2 million, while net fee and commission income declined 3% to PLN151.8 million.
The bank's costs dropped 6% to PLN336.8 million.
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