Banking sector experiences gigantic drop in profits in 2020
02:00
The net profit of the banking sector in the period January-October 2020 amounted to PLN 6.68 billion, which means that it decreased by 49.1 percent y/y, as reported by the National Bank of Poland. In October 2020 alone, the profit amounted to PLN 760 million, i.e. it decreased by 48 percent on an annual basis.
Total net operating income in the period…
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