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NBP reports sharp fall in net profits of banks in 2020

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NBP reports sharp fall in net profits of banks in 2020
Source: Piqsels

The net profit of the banking sector in January-May 2020 amounted to PLN 3.38 billion, which means that it fell by 42.2 percent y/y, informed the National Bank of Poland. In May alone, the profit was PLN 1 billion, while in April the profit was PLN 896 million.

Total net operating income in the period January-May 2020 amounted to PLN…

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