Poland: Slight Drop in 2013 Banks’ Profits

Businessn.a. ♦ Published: February 10, 2014; 10:58 ♦ (Vindobona)

Polish banks displayed a total net profit of PLN 15.43 billion in the financial year 2013, which is a slight decrease of 0.3 percent on an annual comparison basis.

Poland: Slight Drop in 2013 Banks’ Profits / Picture: © Vindobona.org

According to Polish financial market regulator KNF, profits of domestic banks came at PLN 15.43bn down by 0.3 percent year-on-year. Results in the fourth quarter, on the other hand, increased by 4.8 percent year-on-year and came to a total of PLN 3.6bn.

Last year income from interests came at PLN 34.14bn which is a decrease of 3.8 percent year-on-year, while interest income in…