Net profit of the banking sector amounted to PLN 5.83 billion in the period January-May 2021 and increased by 72.2% y / y, the National Bank of Poland (NBP) reported. After April this year. the net profit of the sector amounted to PLN 4.35 billion.
Interest income in the period of five months of this year. amounted to PLN 19.83 billion (decrease by 25.8% y / y), and interest costs – PLN 1.66 billion (decrease by 72.1% y / y).
Fee and commission income in this period increased by 11.9% y / y to PLN 8.59 billion, while fee and commission expenses decreased by 1.4% y / y to PLN 1.84 billion.
Administrative costs in January-May this year. decreased by 4.2% y / y to PLN 14.81 billion.
Impairment or reversal of impairment on financial assets not measured at fair value with the effect of valuation related to the profit and loss account (write-offs) amounted to PLN 2.77 billion in the period January-May 2021 (decrease by 46.1% y / y ), the central bank also reported.
Source: NBP and ISBnews
