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Poland's BZ WBK first quarter net profit falls 3 percent year-on-year

Reuters

WARSAW (Reuters) - Poland's Bank Zachodni WBK <BZW.WA> reported on Tuesday a 3 percent fall in first quarter net profit, as higher payment for a bank resolution fund weighed on performance.

Poland's third largest bank by assets and a unit of Spain's Banco Santander <SAN.MC> said its net profit fell to 439 million zloty (91.54 million pounds), broadly in line with analysts' expectations of 432 million zloty.

(Reporting by Marcin Goclowski; Editing by Biju Dwarakanath)