Banking sector net profit falls by 17.2% in I-IV

Poland’s banking sector recorded an aggregated net profit of PLN 4.3 billion in January-April 2016, which means it fell by 17.2 percent, according to data from the central bank NBP.

Banks’ net interest income grew by 8.3 percent y/y to PLN 12.19 billion, whereas costs inched up by 14.1 percent to PLN 10.5 billion as of the end of April. According to PAP estimates, the banking sector's net profit amounted to PLN 842 million.