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Banking sector profits drop on 2012 figures

4th December 2013
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The net profit of the Polish banking sector amounted to z.13.03 billion in January-October 2013, according to data published by the Polish Financial Supervision Authority. The figure was 3 percent lower than in the corresponding period in 2012.

Banks' net interest income stood at z.27.92 billion as of the end of October 2013 and fell by 6.5 percent year-on-year. Income from net fees and commissions stood at z.11.76 billion, 1.6 percent lower than a year ago.

The income on banking activity fell by 4.6 percent y/y to z.46.14 billion at the end of October.

The bank's capital adequacy ratio was 15.84 percent compared to 14.05 percent a year earlier. The Core Tier 1 ratio grew from 12.65 percent to 14.34 percent.


Poland A.M.

From Warsaw Business Journal

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