Polish banking notes fall in net profits

Poland’s banking sector recorded PLN 11.5 billion in net profits last year, thus it fell by 27.6 percent on a yearly basis, according to data by financial watchdog KNF. A few days ago, the NBP reported that the banking had an aggregated net profit of PLN 13.09 billion in January-December 2015, compared with PLN 15.86 billion in the corresponding period of 2014, thus it fell by 17.5 percent on a yearly basis.