Polish lenders earned more in 2014

Polish banks’ net profits amounted to over PLN 16.2 billion in 2014 and increased 7 percent year-on-year, the Polish Financial Supervision Authority (KNF) reported. The operational costs fell by 1.3 percent y/y and stood at PLN 27.2 billion. As of the end of September, the capital adequacy ratio was 14.93 percent while it amounted to 14.79 at the end of June 2014, the KNF also informed.