13th February 2012
Monday, May 21st, 2012
Banks saw record profit in 2011
In 2011, banks in Poland made net profits of zł.15.7 billion, according to data from the Polish Financial Supervisory Authority (KNF). That’s almost 40 percent more than a year earlier, when the industry recorded profits of zł.11.4 billion, and an absolute record in the history of Polish banking, reports Gazeta Wyborcza.
The KNF nevertheless advises banks not to pay out dividends for last year. The banks’ solvency ratio slightly shrunk last year, from13.8 percent in 2010 to 13.1 percent in 2011.
Meanwhile 2011 saw the five biggest players in the banking sector consolidate their place. PKO BP, Pekao, BRE Bank, ING and BZ WBK controlled 44.3 percent of the market at the end of 2011, up from 43.8 percent at the end of 2010.
From Warsaw Business Journal
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PKO BP's net profit grows in Q1
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