Locked content KNF: banking sector net profit up 8.7% y/y in Jan.-Oct.

Poland’s banking sector net profit in January-October amounted to PLN 12.7 billion, an increase of 8.7 percent y/y, Polish Financial Supervision Authority (KNF) reported. Net interest income increased to PLN 38.12 billion compared to PLN 35.22 billion in January-October 2017. Commissions income decr...

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 methodolog...

Locked content Polish banking sector with stable outlook – Fitch

The outlook of the banking sector in Poland is stable, reflects their good financial condition and good liquidity based on deposits of domestic customers – Fitch said in a report on banks from the CEE. Fitch believes that the expected slowdown in economic growth will cause a moderate slowdown ...

Locked content Regulators assure investors that Polish financial system is stable

Financial Stability Committee KSF said on Monday the Polish financial system is stable after the Financial Supervision Authority KNF head Marek Chrzanowski resigned last week amid a corruption scandal. KSF which consists of Central Bank NBP, KNF, the Ministry of Finance, and the Bank Guarantee Fund ...

Locked content Banking sector Q3 net profit at PLN 4.1 bln

Poland’s banking sector net profit in January-September amounted to PLN 11.63 billion, an increase of 10.8 percent y/y, Polish Financial Supervision Authority (KNF) reported. The Q3 net result stood at PLN 4.1 billion, 1.5 percent lower versus Q2. The interest income in Q3 reached PLN 11.73 bi...

Locked content Pengab banking sentiment declines in October

The Pengab index, which measures conditions in the banking industry, fell by 0.6 points month-on-month to 26 points in October, according to the Monitor Bankowy report issued by Kantar TNS. A year ago the indicator stood at 25.8 points. The current indicator dropped by 0.7 points monthly to 20.8 poi...

Locked content KNF: Banking sector grows 11.7% at end-August

The banking sector recorded an aggregated net profit of PLN 10.43 billion at end-August, according to data from the Financial Supervision Authority (KNF), representing an 11.7 percent growth y/y. Banks’ net interest income grew by 8.6 percent y/y to PLN 30.33 billion. Net fees and commissions came i...

Locked content Banking sector profit inches up in August – NBP

Poland’s banking sector recorded an aggregated net profit of PLN 1.31 billion in  August, according to data from Poland’s Central Bank (NBP), representing a 1.9 percent growth m/m. At end-August, the sector had PLN 10.43 billion net profit, the y/y change is not available due to a change in methodol...

Locked content Banks paid PLN 1.86 bln in H1 – KNF

The value of the banking tax paid by lenders in H1 amounted to PLN 1.86 billion, the Financial Supervision Authority said. This is PLN 68.7 million more than last year. The banks assets at end-June amounted to PLN 861.9 billion while their profit stood at PLN 7.84 billion, up by 17 percent. In the f...

Locked content Banking sector 7-month net profit at PLN 9.12 bln

In January-July the banking sector recorded net profit of PLN 9.12 billion, the National Bank of Poland (NBP) reported. Net interest income in the same period amounted to PLN 26.27 billion. In July net profit stood at PLN 1.29 billion, showing a decline of 7.5 percent compared to June. Net interest ...