KNF: Banking sector profit down in Q1
20:26
Poland’s banking sector recorded an aggregated net profit of PLN 2.84 billion in Q1, according to data from the Financial Supervision Authority (KNF), representing a 11.4 percent decline y/y.
Net income from banking activity stood at PLN 14.74 billion and increased by 3.8 percent y/y.
Banks’ net interest income grew by 10.1 percent y/y to PLN 10.13 billion. Net fees and commissions came in at PLN 3.26 billion, a 4.3 percent y/y growth.
