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Financial results of banks – NBP data for the period January-May 2023

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The profit of banks from January to May 2023 amounted to PLN 16.9 billion, an increase of 31 percent year on year, the National Bank of Poland (NBP) reported. In May alone, banks were in the black by PLN 3.97 billion, which means an increase of 6.8 percent year on year.

The total net operating income of the banking sector in the period from January to May 2023 amounted to PLN 47.76 billion, which means an increase of 19%. Every year.

Financial results of banks

Interest income increased by 76.8 percent. yoy to PLN 68.9 billion, and interest costs – by 232 percent. to PLN 29.9 billion.

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Fee and commission income increased by 3.1%. to PLN 10.3 billion, while costs – by 14.8 percent. up to PLN 2.6 billion.

Banks’ profit – January-May 2023NBP

Administrative expenses amounted to PLN 19.1 billion, up 8.8% year on year. higher than a year ago, including staff costs increased by 19.5 percent.

Write-downs (impairment or reversal of impairment on financial assets not measured at fair value with the effect of valuation recognized in the income statement) amounted to PLN 2.9 billion, increasing by 7.2% yoy.

Main photo source: Shutterstock

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