Banks’ profits up in January-July

The aggregated net profit of the Polish banking sector grew by 9.6 percent year-on-year and amounted to PLN 10.45 billion in January-July 2014, according to data published by the National Bank of Poland on Wednesday. Banking activity income amounted to PLN 34.5 billion and grew by 34.5 percent y/y. The aggregated net interest income stood at PLN 21.95 billion and grew by 15.2 percent y/y. Operating income grew by 10 percent y/y and stood at PLN 12.9 billion in January-July.