Polish banking profits rise
The banking sector's net profit in Poland reached PLN 17.32 billion from January to April 2023, a 2.4% increase year-on-year, according to the National Bank of Poland (NBP). By the end of April, the net profit stood at PLN 14.43 billion. Interest income for the first five months was PLN 69.8 billion (up 2.3% y/y), while interest costs decreased by 8.7% to PLN 27.3 billion. Fee and commission income rose by 4.9% to PLN 10.79 billion, with expenses increasing by 3.2% to PLN 2.66 billion. Administrative costs climbed by 10.8% y/y to PLN 21.12 billion. Impairment write-offs decreased by 22.7% to PLN 2.21 billion in the January-May 2024 period.
Source: inwestycje.pl
