Bank Zachodni WBK improved its performance in the fourth quarter of 2012, doubling its profits for the period. The lender posted a net profit of PLN 405m during the last three months of the year, up from PLN 198m reported during the same period in 2011. The fourth quarter earnings surpassed market expectations, as analysts had predicted profits hitting PLN 342m.
Following its merger with Kredyt Bank, BZ WBK released the bank’s 2012 financial data. Kredyt Bank saw its net profit increased to PLN 336m, up from PLN 327m seen during the same period in 2011.
