Banking sector net profit at PLN 7.96 bln end-June

Poland’s banking sector recorded an aggregated net profit of PLN 7.96 billion in January-June 2015, according to data from the Financial Supervision Authority (KNF). It fell by 8.2 percent year-on-year. Net income from banking activity stood at PLN 27.92 billion and fell by 4.9 percent y/y. Banks' net interest income fell by 8.7 percent y/y to PLN 17.07 billion. Net fees and commissions came in at PLN 6.68 billion, a decrease of 3.9 percent y/y.