Bank Handlowy third-quarter profit falls 39%, beating expectations
The Polish lender’s third-quarter profit declined 39% as higher costs, discontinued-operations losses and a higher corporate tax rate weighed on results. Profit nevertheless beat market expectations.
Bank Handlowy GPW:BHW reported a 39% decline in its third-quarter profit but beat market expectations on Thursday, as the Polish lender contends with higher costs, loss from discontinued operations and a hike in the corporate tax rate.The result of Citigroup's NYSE:C Polish arm was supported by inc…