The net profit of the banking sector together with foreign branches amounted to PLN 6.71 billion in the period January-October 2020 and was lower by 49% per annum, according to the data of the Polish Financial Supervision Authority (KNF).
“The net financial result at the end of October 2020 amounted to PLN 6.7 billion and was lower by PLN 6 billion (-47.2% y / y) than the result achieved at the end of October 2019. At the same time, the monthly result in October 2020 was amounted to PLN 0.8 billion and was higher than the result from September 2020 by PLN 0.5 billion “- according to KNF.
At the end of October 2020, 20 banks (9 commercial and 11 cooperative) reported a total loss of PLN 1.1 billion. These banks had an approx. 9.9% share in the sector’s assets. The remaining banks in the sector reported a total profit of PLN 7.6 billion, it was also announced.
In January-October 2020, the net interest income decreased by 3.3% to PLN 39.62 billion, while the commission income reached PLN 12.11 billion and was 9.7% higher on an annual basis.
The operating result decreased by 42% y / y to PLN 10.49 billion.
Banks’ operating costs decreased by 0.1% y / y to PLN 29.2 billion in January-October 2020.
In the item “impairment or reversal of impairment” (ie write-offs), the result was PLN 10.62 billion (increase by 37.5% y / y).
ROE at the end of October 2020 was 3.34% (compared to 3.73% a month earlier and 6.62% a year earlier), and ROA was 0.34% (compared to 0.38% and 0.7%, respectively). ), according to KNF.
In September 2020, the sector’s capital adequacy ratios amounted to 20.42% (TCR) and 18.4% (T1). “As of the end of September 2020, two commercial banks did not meet the minimum regulatory requirements,” taccording to KNF.
“The volume of gross loans in the non-financial sector in October increased by PLN 8.8 billion, with the increase mainly related to households (+ PLN 5.7 billion)” – according to KNF.
Receivables from the non-financial sector increased by 1.9% y / y to PLN 1,159.1 billion at the end of October 2020. In the case of households, they amounted to PLN 773.2 billion (+ 4.2% y / y), and enterprises – PLN 378 billion (-2.6% y / y).
“The portfolio of gross housing loans for households increased in October 2020 by PLN 5.9 billion (by + 1.3% MoM and + 15.2% YoY); the volume of PLN housing loans increased by PLN 3.0bn (+ 0.9% m / m and 24.3% y / y). The share of PLN loans in housing loans for households at the end of September this year was 73.3% “- according to KNF
Gross consumer loan portfolio in October this year, decreased by PLN 0.2 billion (-0.1% m / m and + 5.0% y / y), in the previous month the portfolio value increased by PLN 0.5 billion. The (gross) portfolio of operating loans of non-financial enterprises in October 2020 decreased by PLN 0.4 billion (-0.3% m / m and -7.4% y / y), in the previous month it decreased by PLN 2.2 billion .
Portfolio of investment loans (gross) of non-financial enterprises in October this year. increased by PLN 1.4 billion (+ 1.0% m / m and + 10.9% y / y), in September 2020 an increase by PLN 0.03 billion.
“Phase 3 loan portfolio in the non-financial sector in September this year:
* decreased to PLN 80.1 billion (-0.4% m / m);
* operating loans (PLN 22.9 billion) and consumer loans (PLN 20.2 billion) dominate in terms of products.
* private persons (PLN 32.3 billion) and SMEs (PLN 24 billion) dominate “.
In October 2020, the loans / deposits ratio continued to decline to 78.6% (-0.1 percentage points m / m and -10.4 percentage points y / y).
“The value of non-financial sector deposits (together with blocked deposits) in October 2020 increased by PLN 11.3 billion to PLN 1,414 billion (+ 0.8% m / m and + 26% y / y). In the structure of sector deposits non-financial sector is dominated by households (70.3%) and deposits in PLN (86.5%) “- according to the KNF report.
