Polish banking sector nets EUR 3.38 bln in 2018

The Polish banking sector posted a net profit of PLN 14.7 billion (EUR 3.38 billion) in 2018, which is a 7.5 percent increase year on year, the Polish Financial Supervision Authority (KNF) said in a Wednesday report.

Interest income increased to PLN 44.9 billion (EUR 10.3 billion) in the whole year, up by 5.2 pct year on year, KNF reported.

Administrative bank costs amounted to PLN 33,6 billion (EUR 7.74 billion), 1.7 pct more than in 2017.

Impairments amounted to PLN 8.82 billion (EUR 2.03 billion) in January-December, down by 0.4 pct compared to previous year, according to KNF.