NBP released data on the banking sector. Net profit increased

The net profit of the banking sector in the period January-March 2025 amounted to PLN 11.7 billion, i.e. increased by 16.1% y/y - informed the National Bank of Poland.

Interest income after March 2025 increased by approximately 7% year-on-year to PLN 45 billion, while interest costs increased by 5.9%.

Fee and commission revenues amounted to PLN 6.5 billion, up 0.2% year-on-year, while related costs increased by 0.6%.

Total net operating revenues amounted to PLN 34.5 billion, up 12.5% ​​year-on-year.

Administrative costs amounted to PLN 14.8 billion, up 12.5% ​​year on year, including an 11% year-on-year increase in staff costs.

Depreciation amounted to PLN 1.38 billion, increasing by 6.7% year-on-year.

Write-offs (impairment or reversal of impairment on financial assets not measured at fair value with the valuation effect recognised in the profit and loss account) amounted to PLN 1.28 billion, down 13% year-on-year.

The reserve position or reversal of reserves amounted to PLN 1.39 billion compared to PLN 1.52 billion a year earlier. (PAP Biznes)

pel/ osh/