Banking sector net profit at PLN 9.39 bln end-July

Poland’s banking sector recorded an aggregated net profit of PLN 9.39 billion in January-July 2015, according to data from the Financial Supervision Authority (KNF). It fell by 9.7 percent year-on-year. Net income from banking activity stood at PLN 32,48 billion and fell by 5.9 percent y/y. Banks' net interest income fell by 8.8 percent y/y to PLN 20.01 billion. Net fees and commissions came in at PLN 7.80 billion, a decrease of 3.6 percent y/y.