PKO Bank Polski SA reported a second-quarter net profit attributable to the parent company of 1.22 billion Polish zlotys, up from 933 million zlotys in the same period in 2018.

Net interest income increased on a yearly basis to 2.54 billion zlotys from 2.29 billion zlotys, while net fee and commission income also grew year over year to 760 million zlotys from 745 million zlotys.

The Polish bank reported net foreign exchange gains of 105 million zlotys in the quarter, down from 143 million zlotys a year ago.

Net impairment allowance and write-offs fell on a yearly basis to 322 million zlotys from 377 million zlotys.

The bank's total operating expenses amounted to 1.44 billion zlotys in the quarter, compared to the year-ago 1.43 billion zlotys.

Net return on equity was 10.7%, compared to 9.5% in the second quarter of 2018.

For the first half, PKO Bank reported a net profit of 2.08 billion zlotys, up from 1.69 billion zlotys in the same period in 2018.

As of June-end, the group's nonperforming loans ratio was 4.5%, down from the year-ago 5.2%, while its NPL coverage ratio stood at 77.6%, compared to 77.5% a year earlier.

PKO Bank's Tier 1 capital ratio stood at 17.3% at June-end, compared to 17.0% at the end of March and 16.1% a year ago.

As of Aug. 12, US$1 was equivalent to 3.86 Polish zlotys.