KNF: Banking sector down 17.5% in H1

Poland’s banking sector recorded an aggregated net profit of PLN 6.87 billion H1, according to data from the Financial Supervision Authority (KNF), representing a 17.5 percent decline y/y. Net income from banking activity stood at PLN 30.5 billion and decreased by 1.9 percent y/y. Banks’ net interest income grew by 11.1 percent y/y to PLN…

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