Poland: Banking Industry Expects Improvement in Results

Professional ServicesBanks ♦ Published: April 3, 2014; 15:12 ♦ (Vindobona)

The Polish banking sector expects net profits to increase in 2014.

The Polish banking industry has hopes for improved profits this year. / Picture: © Vindobona.org

According to Wojciech Kwasniak, Vice-President of the Polish financial market authority KNF, the banking secotr expects a growth in net profits in the business year 2014 compared to last year when profits came at PLN 15.4bn. Moreover, lending activity is expected to recover again.

"Banks expect an improvement of profitability and a decline of cost of risk," Kwasniak said. "The…