Poland-based PKO Bank’s retail banking unit
generated net income of PLN2.8bn ($984m) in the twelve months
ending 31 December, an increase of 10% from the previous year.

The segment posted a 1.4% year on year
increase in net interest income to PLN5.2bn; net fee and commission
income rose by 21% to PLN2.74bn.

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Retail banking deposits amounted to PLN95.1bn
at year-end 2010, an increase of 8.6% from the previous year.

At group level, Poland’s largest bank by
assets beat analysts’ forecasts by delivering a 40% increase in
group net income in 2010 from the to PLN3.2bn.

PKO Bank’s net interest income grew by 29% to
PLN6.5bn, while net fee and commission income grew 22% to reach
PLN3.14bn compared with 2009’s figures.

Total deposits rose 6.3% year on year to
PLN140bn.

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Total assets increased by 8.4% to
PLN169.7bn.

The bank’s cost-income ratio fell to 41.7% in
2010 from 47.9% a year earlier.