Banking net profits fall in 2015

Poland’s banking sector recorded an aggregated net profit of PLN 13.09 billion in January-December 2015, compared with PLN 15.86 billion in the corresponding period of 2014, according to data from the central bank NBP. It fell by 17.5 percent on a yearly basis.

Net income from banking activity stood at PLN 55.76 billion and decreased by 3.2 percent y/y. Banks’ net interest income fell by 5.1 percent y/y to PLN 35.204 billion. Costs grew by 11.4 percent, to PLN 30.199 million as of the end of December.