Banking sector net profit at PLN 6.37 bln in Jan-May

Poland’s banking sector recorded an aggregated net profit of PLN 6.37 billion in January-May 2015, according to data from the Financial Supervision Authority (KNF). It fell by 8.7 percent year-on-year. Net income from banking activity stood at PLN 23.16 billion and fell by 3.6 percent y/y. Banks' net interest income fell by 8.8 percent y/y to PLN 14.19 billion. Net fees and commissions came in at PLN 5.45 billion, a decrease of 4.8 percent y/y.