WARSAW, March 6 (Reuters) - Poland’s largest lender PKO BP on Monday reported a 34-percent rise in its fourth-quarter net profit, helped by lower costs.
The bank reported a net profit of 593 million zloty ($146.17 million), slightly below analysts’ expectation of 610 million.
In the last quarter of 2015, the bank’s net profit was dragged down by a 338-million zloty fee it had to pay to bank guarantee funds following the collapse of a small bank near Warsaw.
For FY 2016, the state-run lender’s net profit rose by 10 percent to 2.87 billion zloty. ($1 = 4.0569 zlotys) (Reporting by Marcin Goclowski; Editing by Vyas Mohan)