KNF: Banking sector profit falls to PLN 4.33 bln

Poland’s banking sector recorded an aggregated net profit of PLN 4.33 billion in January-April 2016, according to data from the Financial Supervision Authority (KNF). It fell by 17.2 percent year-on-year. Net income from banking activity grew by 2.1 percent y/y and stood at PLN 19.06 billion. Banks’ net interest income rose by 8.3 percent y/y to PLN 12.22 billion. Net fees and commissions came in at PLN 4.15 billion, a decrease of 4.8 percent year-on-year. Last week, the central bank NBP reported of PLN 4.3 billion net profit in Poland's banking sector in January-April 2016.