Poland’s largest lender PKO BP hit a new net profit record in 2011 by ending the year PLN 3.8bn in the black. It’s though to be the best result in the Polish banking sector history. The result shows an increase of 18.4 percent compared to 2010, significantly surpassing analysts’ expectations. When it comes to PKO’s fourth-quarter result, the bank didn’t disappoint either, making a net profit of PLN 952m in the last three months of 2011. That was an improvement of 9.7 percent compared to the same period of 2010. The bank expects to make even PLN 3.5bn in 2012, said Bartosz Drabikowski, vice-president of PKO BP. The bank is to make a decision on paying the dividend in April or May.
