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Bank BGZ BNP Paribas nets PLN 2 mln in Q4

Bank BGZ BNP Paribas, a unit of BNP Paribas, posted a PLN 2 mln attributable net profit in Q4 2016, bringing the FY take to PLN 76.9 mln, PAP calculations against the bank's FY2016 report and 9M figures showed.

All Q4 figures were calculated by PAP.


Net interest income of PLN 463.0 mln edged down by 0.9% for the quarter. Net fee income recorded a deeper decline of 10% q/q to PLN 117.6 mln.


Impairments took PLN 117.1 mln from the P&L in Q4, more than in prior periods.


In Q4 the bank paid PLN 52.1 mln in the tax on financial institutions.

On the balance sheet, total assets increased to PLN 72.3 bln from PLN 65.4 bln at end-2015. The loan book increased to 55.1 bln at end-December from 52.3 bln at end-year.


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