Banking sector profits down in February

Poland’s banking sector recorded an aggregated net profit of PLN 2.49 billion in February 2014, according to data from the Financial Supervision Authority (KNF). It declined by 4.8 percent year-on-year. Net fees and commissions came in at PLN 2.09 billion, a decline of 5.3 percent y/y. Banks' operating costs increased by 6.5 percent to PLN 4.77 billion.