The Polish banking sector posted a net profit of PLN 3.38 billion (EUR 0.75 billion) in January-May 2020, a 42.2 percent decrease year on year, the National Bank of Poland (NBP) said in a Friday report.
Poland's banking sentiment indicator (Pengab) rose by 27.4 points month on month in May 2020 to minus 23.4 points, according to the Polish Bank Association (ZBP) and the Kantar TNS market research centre.
The net profit of the Polish banking sector amounted to PLN 1.46 bln (EUR 320 mln) in January-March 2020, which means that it dropped 48.5 pct year on year, the National Bank of Poland (NBP) has reported.
Commerzbank AG has decided not to sell its Polish subsidiary mBank, the German bank's head office in Frankfurt announced on Monday as reported by the dpa press agency.
Ratings agency Moody's has maintained a stable outlook for the Polish banking system despite the fact that the country is likely to see its first recession in 29 years.
The Polish banking sector belongs to one of the strongest in the world. It has high liquidity and capital at a level that most European countries can envy us, President of the Polish Development Fund (PFR) Pawel Borys wrote on Monday.
Polish banks have so far received around 200,000 requests for suspension of loan repayments, Polish Bank Association (ZBP) President Krzysztof Pietraszkiewicz said on Tuesday at a press conference.
Polish banks lent PLN 3.52 billion (EUR 829.3 mln) in mortgages in November 2019, down from PLN 4.5 bln (EUR 1.1 bln) in October, the country's central bank (NBP) said on Monday.
In the third quarter of 2019, banks granted mortgages to a total value of PLN 16.87 billion (EUR 3.91 billion) or 2.62 percent more than the previous quarter, the Polish Bank Association (ZBP) has reported.
The Polish banking sector posted a net profit of PLN 11.86 bln (EUR 2.78 bln) in the first three quarters of 2019, up by 2.86 pct on the same period of 2018, the Polish Financial Supervision Authority (KNF) said in a Friday report.