Banking sector profits up in January-October

Poland’s banking sector recorded an aggregated net profit of PLN 14.38 billion in January-October 2014, according to data from the Financial Supervision Authority (KNF). It grew by 10.34 percent year-on-year. Net income from banking activity stood at PLN 48.4 billion and grew by 4.91 percent y/y/ The total value of loans grew by 6.3 percent y/y to PLN 890.76 billion. Total deposits amounted to PLN 815.27 billion, up by 8.5 percent y/y.