Banking sector profit grows by 19.1% in August – NBP

Poland’s banking sector recorded an aggregated net profit of PLN 1.27 billion in August, according to data from the Poland’s Central Bank (NBP), representing a 19.1 percent growth y/y. At end-August, the sector had PLN 9.37 billion net profit, down by 9.2 percent y/y. Operational costs stood at PLN 2.6 billion in August and decreased by 0.3 percent y/y. Banks’ net interest income grew by 11.8 percent y/y to PLN 3.65 billion. Net fees and commissions came in at PLN 1.13 billion, a 7.7 percent y/y growth.