Stress test show high resistance of Polish banks

European Banking Authority (EBA) stress tests showed high resilience of Polish banks in case of a theoretical macroeconomic shock, Financial Supervision Authority (KNF) reported. This year’s EBA research was conducted on a sample of 48 European banks, covering a total of about 70 percent banki...

Locked content Banks’ net profit 15.3% y/y down in July

Poland’s banking sector recorded an aggregated net profit of PLN 1.24 billion in July, a decrease of 15.3 percent y/y,  according to data from the central bank NBP. In Q2, it amounted to PLN 4.82 billion and was 27.9 percent higher than in Q2 2015. In the first seven months of the year, banks earned...

Locked content KNF: Polish banks expect 9.6% drop in aggregate profit in 2016

Polish commercial banks expect net profit to fall by 9.6 percent in 2016, financial market watchdog KNF reported in its annual bank survey. Net interest income should grow by 8.1 percent, while net fee income will rise by 6.7 percent, banks predict. Operating costs are estimated to grow by 5.8 perce...