Locked content Banking sector Q1-Q3 profit drops

Poland’s banking sector recorded an aggregated net profit of PLN 10.55 billion at end-Q3, according to data from the Poland’s Central Bank (NBP), representing a 7.1 percent drop y/y. In Q3 alone the profit amounted to PLN 3.84 billion. Operational costs stood at PLN 24.56 billion at end-Q3 and incre...

Locked content Banking sector profit grows by 19.1% in August – NBP

Poland’s banking sector recorded an aggregated net profit of PLN 1.27 billion in August, according to data from the Poland’s Central Bank (NBP), representing a 19.1 percent growth y/y. At end-August, the sector had PLN 9.37 billion net profit, down by 9.2 percent y/y. Operational costs stood at PLN ...

Locked content Moody’s: FX mortgage relief to trim banks profit by 16-38 percen...

Ratings agency Moody’s estimates that four banks, most affected by the planned FX mortgage relief law will see their pre-tax profits down between 16-38 percent. The lenders include Millennium, BGZ BNP Paribas, mBank, and PKO BP. Moody’s estimated the cost on the annualized H1 results. “The pro...

Locked content Moody’s: Polish banking system with ‘stable’ outlook

The rating’s agency Moody’s kept the outlook of the Polish banking system as “stable.” According to the agency, strong economic growth will boost corporate and household spending. “Accelerating economic growth will create opportunities for banks, offsetting weak profitability and unpredictable gover...

Locked content Banking sector profit grows by 25.1% in July – NBP

Poland’s banking sector recorded an aggregated net profit of PLN 1.22 billion in July, according to data from the Poland’s Central Bank (NBP), representing a 25.1 percent growth y/y. At end-July, the sector had PLN 8.09 billion net profit, down by 12.5 percent y/y. Operational costs stood at PLN 2.6...

Locked content 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 interes...

Locked content Loans up by 3.9%, deposits by 4.8% in H1

According to data released by the Polish Financial Supervision Authority (KNF), the total value of loans in the banking sector in Poland, including foreign units, increased by 3.9 percent y/y reaching PLN 1,033.45 billion. The value of loans for enterprises increased by 5.8 percent y/y to PLN 359.42...

Locked content Banking sector H1 profit drops

Poland’s banking sector recorded an aggregated net profit of PLN 6.88 billion in H1, according to data from the Poland’s Central Bank (NBP), representing a 16.9 percent drop y/y. In June the profit amounted to PLN 1.69 billion. Operational costs stood at PLN 16.66 billion in H1 and increased by 6 pe...