Banks profits up 10.35% in January-September

The aggregated net profit of Polish banks amounted to PLN 13.05 billion in January-September 2014, the Financial Supervision Authority said on Friday. It was 10.35 percent higher than the one recorded in January-September 2013. Gross profits grew by 11.4 percent y/y to PLN 16.19 billion. Net interest income was at PLN 28.39 billion and net fees and commissions came in at PLN 10.30 billion The banks’ capital adequacy ratio stood at 14.79 percent at the end of June compared to 14.64 percent at the end of May 2014. The core Tier 1 capital ratio was 13.6 percent compared to 13.29 percent at the end of March 2014.