KNF: Polish banks expect 9.6% drop in aggregate profit in 2016
12:59
Polish commercial banks expect net profit to fall by 9.6 percent in 2016, financial market watchdog KNF reported in its annual bank survey.
Net interest income should grow by 8.1 percent, while net fee income will rise by 6.7 percent, banks predict.
Operating costs are estimated to grow by 5.8 percent.
Polish banks expect their balance sheets to increase by 6.3 percent y/y in 2016. Loans in non-financial sectors are expected to grow by 7.2 percent.
