Pekao SA made a net profit of PLN 1,054 mil under revenues of PLN 2,022 mil in the fourth quarter of 2017, up 113% and 14.8% respectively when compared to the same period last year.
Historically, the bank’s net profit reached an all time high of PLN 1,138 mil in 1Q2008 and an all time low of PLN 270 mil in 3Q2004. The average profit in the last six quarters amounted to PLN 582 mil.
On the other hand, bank’s revenues amounted to an all time high of PLN 2,063 mil in 3Q2012 and an all time low of PLN 920 mil in 3Q2004. The average revenues in the last six quarters reached PLN 1,811 mil.
When compared to bank's main peers, PKO BP generated a quarterly net profit of PLN 820 mil with revenues of PLN 3,120 mil in 4Q2017, Bank Zachodni WBK netted PLN 549 mil (revenues of PLN 1,980 mil) and ING Bank Slaski announced a net profit of PLN 367 mil (revenues of PLN 1,222 mil).