Domestic banks profit amounted to PLN 3.71 billion in Jan 2024

Despite unresolved Swiss franc mortgage disputes and ongoing deliberations on loan vacation laws, Polish banks thrived in January 2024, posting nearly a 20% increase in profits compared to the previous year. National Bank of Poland data revealed a net profit of PLN 3.71 billion, with total net operating income reaching PLN 11.15 billion, up 8.4% year-on-year. Administrative costs rose by 5.9%, while write-downs decreased by 28.7%. The government plans to address a new loan vacation proposal, aiming for a more favorable option for borrowers.

Finance Minister Andrzej Domański said that the ministry will present a loan vacation bill more more favorable for the debtors.