Banks' profits up by more than half

In November 2021, the banks' net profit amounted to PLN 1.6 billion and was 34.1 percent y/y higher (20.6 percent higher than in November 2019), following from the NBP data. Looking only at that one month, one could say that the banks have already caught up with the pandemic and have dealt with the environment of low-interest rates that initially cut their profits significantly.