Banking sector profit significantly drops in October – NBP

Poland’s banking sector recorded an aggregated net profit of PLN 1.06 billion in October, according to data from Poland’s Central Bank (NBP), representing an 11.6 percent drop m/m. Year-to-date, the sector had PLN 12.7 billion net profit, the y/y change is not available due to a change in methodology effective from the turn of the year.

Operational income stood at PLN 5.7 billion in October.

Banks’ net interest income stood PLN 3.9 billion and PLN 38 billion YTD. Net fees and commissions came in at PLN 906 million and 10.7 billion YTD.

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