Banking sector record loss of PLN 578 mln in November

Poland’s banking sector recorded an aggregated net profit of PLN 10.82 billion in January-November 2015, according to data from the central bank NBP. It fell by 29.5 percent year-on-year. In November, the banking sector generated a net loss of PLN 578 million. In the October-November period, the loss amounted to PLN 588 million. Following the bankruptcy of SK Bank Wołomin, Polish banks were obliged to make donations of PLN 2.04 billion in total to the Bank Guarantee Fund (BFG) before the end of November.