Banking sector net down by 10.5% at end-April

Poland’s banking sector recorded an aggregated net profit of PLN 3.85 billion at end-April, according to data from the Poland’s Central Bank (NBP), representing a 10.5 percent decline y/y. In April alone, the profit stood at PLN 1.01 billion, an 8.6 percent y/y drop. Operational costs stood at PLN 11.3 billion and increased by 7.5 percent y/y. Banks’ net interest income grew by 10.4 percent y/y to PLN 13.45 billion. Net fees and commissions came in at PLN 4.5 billion, an 8.5 percent y/y growth.