Banking sector with PLN 14.5 bln profit in Jan-Aug, almost 300% increase y/y

The net profit of the banking sector in I-VII '23 amounted to PLN 14.5 billion, which is an increase of 298.4% year-on-year, as reported by the NBP (National Bank of Poland). NBP states that the data for July 2022 includes the effects of credit holidays in the financial books of banks, resulting in a loss of PLN 1.13 billion for banks in that month alone.

In the period from January to July 2022, banks recorded a profit of PLN 4.859 billion.

Source: strefainwestorow.pl