KNF: Net profit of banking sector up by 3.6% y/y in I-X 2019

The net profit of the banking sector together with foreign branches amounted to PLN 13.15 billion in January-October 2019 and was higher by 3.6 percent per annum, according to data from the Polish Financial Supervision Authority (KNF).“The net financial result at the end of October 2019 amounted to PLN 13.2 billion and was higher by PLN 453.5 million than that achieved at the end of October 2018.