Group net profit of BZ WBK in the fourth quarter. Amounted to 277.1 million zł – Banker

Group net profit of BZ WBK in the fourth quarter of 2015 years fell
 to 277.1 million from 445.2 million zł zł year earlier – said the bank
 report. The bank’s profit turned out to be 9 percent. above market expectations, which
 expected that it will be 255 million zł.

 
 
 

The expectations of fourteen brokerages that net profit for the fourth quarter ranged from 227 million to 279 million zł zł.

 

Net profit of BZ WBK Group in 2015 amounted to 2.33 billion zł, growing 21.5 percent. yoy. ROE is 15.1 per cent.
 

The bank said that its mandatory payment to the bankruptcy SK associated with the Bank amounted to 183.8 million zł.

 

After elimination of this payment, as well as 523 million zł profits title
 Settlement of the sale of BZ WBK-Aviva comparable net profit
 BZ WBK Group in 2015 increased by 7.7 percent.

 

The bank’s net interest income in the fourth quarter amounted to 1136.3 million zł and proved
 in line with expectations of analysts, who hoped that he would be
 1119.4 million zł (between the expectations of 1.108-1.126 million zł). Score
 interest income increased 6 percent. yoy and 4 percent. qoq.

 

The net interest margin in the fourth quarter was 3.62 percent.

 

Net commission income amounted to 494.2 mln zł and also was in line with
 Consensus, which assumed zł 491.8 million (expectations ranged from 481
 million zł to 510 million zł). Net commission income rose 5 percent. yoy and 2 percent.
 qoq.

 

The costs in the last quarter of 2015 years amounted to 1048.2 million zł, which were at the level expected by the market (1041.9 million zł).

 

The bank said that tied zł 40.8 million provision for compulsory contributions
  Borrowers Support Fund, as well as increased provision for
 disputes about 22.2 million zł in connection with the judgment of the court on charges
 interchange.

 

Impairment losses on loans amounted to in the last quarter
  2015 years 256.4 million zł. Meanwhile, the market expected write-downs at
 254.1 million zł.

 

Revenue BZ WBK Group in 2015. zł amounted to 7540.2 million, which increased
  14.6 percent. yoy, while expenses amounted to 3,578.9 million, growing 15.3 zł
 percent. yoy. Cost to income ratio is 48.4 per cent., While in
  2014 years it was at 47.3 percent.

 

Gross receivables from customers increased annually by 10 percent. down
 Zł 100.06 billion as a result of growth of loans to individual customers of
 8.7 per cent. and receivables from operators and sector
 public by 10.7 percent.

 

On the other hand, liabilities to customers increased annually by 7.2 percent.
 zł to 101.86 billion as a result of the increase in funds from entities
 business and public sector by 16.2 percent. and an increase in deposits
 from individual customers by 1.6 percent.

 

The ratio of loans to deposits is 93.2 percent.

 

The NPL ratio in 2015 was 7.3 per cent., while in 2014 was at 8.4 percent.

 

Capital ratio is 14.6 per cent., and Tier1 14.1 percent.

 
 

BZ WBK expects that in 2016 in connection with
 the introduction of a bank tax credit growth in the sector will slow down to approx.
  5 percent. – Said Wednesday the bank.

 

The tax does not hit the clients of banks? Nonsense!

The banks started an avalanche of fee increases, margins and commission. In this way, banks will want to at least partially pass on the costs to retail customers and businesses. This tactic as old as the world and to a large error is one who believes that the introduction of tax does not affect customers of the banks – says Wojciech Boczoń.

 
 

BZ WBK estimates that the results of the banking sector in 2016 will be under
 the influence of the introduction of a bank tax in the amount of 0.44 percent. assets
 and higher regulatory charges.

 

(PAP)

 

seb / JTT /