Banks' net profit grows 75 percent y/y in June
13:14
Poland’s banking sector recorded an aggregated net profit of PLN 2.73 billion in June, an increase of 75.5 percent y/y, according to data from the central bank NBP.
The growth is mainly the result of one-off revenues from the Visa merger transaction.
In Q2, it amounted to PLN 4.82 billion and was 27.9 percent higher than in Q2 2015. In the first six months of the year, banks earned PLN 8.02 billion, growth of 1.2 percent y/y/.
Banks’ net interest income fell by 5.9 percent y/y to PLN 5.26 billion, whereas costs inched up by 13.2 percent to PLN 15.725 billion as of the end of June.
