19:16 19 February 2025
Bank profits surge in 2024
Polish banks reported a net financial result of PLN 42.18 billion for 2024, a 50.9% increase year-on-year, according to the Polish Financial Supervision Authority (KNF). By November, the sector had recorded PLN 39.91 billion in profits.
Net interest income for the year reached PLN 107.11 billion (+12.1% y/y), while net commission income totaled PLN 19.57 billion (+4.6% y/y). Operating expenses rose to PLN 50.95 billion (+11% y/y). Impairment write-offs stood at PLN 7.14 billion (-0.3% y/y).
The sector’s return on equity (ROE) was 15.5% (+3.14 pp y/y), and return on assets (ROA) reached 1.27% (+0.29 pp y/y). The net interest margin (NIM) stood at 3.77%.
At year-end, Poland had 29 commercial banks, 489 cooperative banks, and 33 foreign branches. The sector remains stable, with rising credit and operational risks.
