Polish banking sector nets EUR 3.4 bln in January-November 2019

Tomasz Gzell/PAP

The Polish banking sector posted a net profit of PLN 14.46 billion (EUR 3.42 billion) in January-November 2019, up 1.9 percent year on year, the National Bank of Poland (NBP) announced in a report on Tuesday.

According to PAP Biznes, in November 2019 alone, the net profits of the banking sector amounted to PLN 1.33 billion (EUR 314.4 million).

Total operational incomes increased by 9.2 percent to PLN 65.2 billion (EUR 15.4 billion) in the first eleven months of 2019, while administrative costs totalled PLN 31.9 billion (EUR 7.54 billion), up by 4.8 percent from the corresponding period of 2018.