Banks’ net profit increased 11.5% y/y to PLN 14.43 bln Jan-Apr ‘24
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Poland's banking sector saw a net profit rise of 11.5% to PLN 14.43 billion in the first four months of 2023 compared to the same period last year. This growth comes despite a 10.7% rise in administrative costs. Interest income increased slightly (3.7%), while interest expenses dropped (down 8.1%). Fee and commission income grew moderately (6.3%), with expenses rising at a slower pace (3.5%). The sector also saw a decrease in impairments of financial assets (down 24.8%).
