Banks aggregate profit grows in H1

The Polish banking sector recorded a net profit of PLN 8.73 billion in January-June 2014, the National Bank of Poland said on Thursday. In year-on-year terms the profit grew by 6.35 percent. The net income from banking activity amounted to PLN 29.32 billion in H1 2014, 5.37 percent more than in the corresponding period of 2013. Net interest income grew by 14.6 percent y/y to PLN 18.7 billion. Operating income stood at PLN 10.8 billion and grew by 7.2 percent y/y.