WARSAW: Net profit at Polish lender mBank , a unit Germany’s Commerzbank, may fall to around 1 billion zlotys ($246.73 million) this year from 1.2 billion zlotys in 2016 on the back of a bank tax, mBank’s CEO said on Wednesday.
“Taking into account a higher bank tax, changes regarding bank guarantee fund, I would expect profit to be slightly lower. The one billion (PLN) is within reach,” Cezary Stypulkowski told a news conference.
Earlier on Wednesday mBank reported smaller than expected drop in its fourth-quarter net profit.
