PKO BP and Pekao earn PLN 1 bln less due to coronavirus

The two banking market dominators are recording results much worse than last year's. In the first half of the year, PKO BP's profits are lower by nearly PLN 700 million, and Pekao by almost PLN 300 million. The main culprit is the coronavirus.

The coronavirus outbreak has not forced banks to cut significantly, as has been the case in some industries, but the results show serious effects.