Banking sector net profit fell 11.7% end-August

Poland’s banking sector recorded an aggregated net profit of PLN 10.33 billion in January-August 2015, according to data from the Financial Supervision Authority (KNF). It fell by 11.7 percent year-on-year. Net income from banking activity stood at PLN 36.99 billion and fell by 5.8 percent y/y. Banks’ net interest income fell by 5.8 percent y/y to PLN 23.09 billion. Net fees and commissions came in at PLN 8.92 billion, a decrease of 2.9 percent y/y.