Profitability of banks in Poland in 2020 was one of the lowest in the EU
19:18
Profitability of banks in Poland in 2020 was one of the lowest in the EU. It is worse only in Ireland, Spain, Greece, and Cyprus. Among the banks under the dash is PKO BP.
“The profitability of banks in Poland was one of the lowest in the entire EU. Last year, it was worse than in Poland in only four other countries of the European Union,” Dziennik Gazeta Prawna informs.
The aggregate result of all commercial banks in Poland is 953 million zlotys loss. It was the first time since 1993 when the total loss amounted to 401 million zlotys. The average rate of return on capital in the banking sector still in 2019 was more than 7 percent.
A few years ago, banks were turning up the return on capital ratios, but in the summary of 2020, the attention of journalists was drawn to institutions that record losses.
The result of the banks that went under the bar is almost PLN 5.6 billion. More than a half of this amount falls on PKO BP, “DGP” informs.
(money.pl)
