Banking sector profit grows by 25.1% in July - NBP

Poland’s banking sector recorded an aggregated net profit of PLN 1.22 billion in July, according to data from the Poland’s Central Bank (NBP), representing a 25.1 percent growth y/y. At end-July, the sector had PLN 8.09 billion net profit, down by 12.5 percent y/y. Operational costs stood at PLN 2.67 billion in July and decreased by 5.2 percent y/y. Banks’ net interest income grew by 11.1 percent y/y to PLN 3.61 billion. Net fees and commissions came in at PLN 1.19 billion, a 9.7 percent y/y growth.