Banking sector net profit falls by 17% in I-V
13:43
Poland’s banking sector recorded an aggregated net profit of PLN 5.29 billion in January-May 2016, compared to PLN 6.37 billion in the corresponding period of 2015, according to data from the central bank NBP. The figure fell by 17 percent on a yearly basis.
Net income from banking activity stood at PLN 23.7 billion, an increase of 2.5 percent y/y.
Banks’ net interest income grew by 8 percent y/y to PLN 15.29 billion, whereas costs inched up by 13.6 percent to PLN 13.1 billion as of the end of May.
