Banking sector profit grows by 15.6% in November – NBP

Poland’s banking sector recorded an aggregated net profit of PLN 1.09 billion in  November, according to data from Poland’s Central Bank (NBP), representing a 15.6 percent growth y/y. At end-November, the sector had PLN 12.79 billion net profit, down by 2.1 percent y/y. Operational costs stood at PLN 2.75 billion in November and increased by 33.6 percent y/y. Banks’ net interest income grew by 28.9 percent y/y to PLN 3.61 billion. Net fees and commissions came in at PLN 1.08 billion, a 21.7 percent y/y growth.