Net profit of the banking sector increased by 81.4% y-o-y to PLN 4.35 billion in 1Q-2021
Banks’ net profit amounted to PLN 4.35 billion at the end of April 2021 and was 81.4% higher y/y, the Financial Supervision Authority (KNF) said. A loss was reported by 6 commercial banks and 19 cooperative banks.
Accoring to KNF's report, “The net financial result at the end of April 2021 amounted to PLN 4.3 billion and was higher by PLN 1.9 billion (81.4% y/y) than the result achieved at the end of April 2020. At the same time, the monthly result in April 2021 amounted to PLN 2.4 billion and was higher by PLN 1.9 billion than the result in March this year. At the same time, the monthly result in April 2021 amounted to PLN 2.4 billion and was by PLN 1.9 billion higher than in March this year (PLN 0.5 billion).
