KNF: Banking sector grows 11.7% at end-August
11:21
The banking sector recorded an aggregated net profit of PLN 10.43 billion at end-August, according to data from the Financial Supervision Authority (KNF), representing an 11.7 percent growth y/y.
Banks’ net interest income grew by 8.6 percent y/y to PLN 30.33 billion. Net fees and commissions came in at PLN 8.79 billion, a 4.2 percent y/y drop. Operating costs amounted to PLN 13.66 billion,ana 8.4 percent increase.
Costs went up by 5.8 percent to PLN 23.29 billion.
