Banks’ profits up in January-August

The aggregated net profit of Poland’s commercial banking sector stood at PLN 11.69 billion in January-August 2014, according to data published on Monday by the National Bank of Poland. The figure was 9.5 percent higher than in the corresponding period of 2013. Polish banks’ profits from banking activity grew by 6.1 percent year-on-year in January-August and amounted to PLN 39.2 billion. Net interest income grew by 15.1 percent y/y to PLN 25.2 billion. Net profit from operating activity amounted to PLN 14.54 billion and grew by 10.8 percent y/y.