Banks' net profit up by 43.4% y/y to PLN 1.91 bln in Q1 2021

Net profit of the banking sector amounted to PLN 1.91 billion in January-March 2021 and increased by 43.4 percent y/y, the National Bank of Poland (NBP) reported. After February this year, the net profit of the sector amounted to PLN 1.36 billion.

Interest income in the period of three months of this year. amounted to PLN 12.02 billion (decrease by 28.3 percent y/y), and interest costs – PLN 1.1 billion…