The banking sector's net profit increased by nearly 20 percent in the first half of the year.

The banking sector's net profit in the January-June 2025 period amounted to PLN 23.3 billion, an increase of 18.2% year-on-year, the National Bank of Poland announced.

Interest income after June 2025 increased by approximately 6.53% year-on-year to approximately PLN 88.91 billion, and interest costs increased by approximately 6.06% to approximately PLN 34.32 billion.

Fee and commission revenues amounted to approximately PLN 13.24 billion, up 2.25% year-on-year, while related costs increased by 3.82%.

Total net operating revenues after June 2025 amounted to approximately PLN 69.75 billion, an increase of 10.27% year-on-year.

Administrative costs amounted to approximately PLN 27.74 billion, which is 9.6% higher than a year ago.

Depreciation amounted to approximately PLN 2.75 billion, increasing by 5.49% 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 2.58 billion, a y/y decrease of 10.56%.

The reserve position or reversal of reserves amounted to PLN 4.75 billion compared to approximately PLN 5.31 billion a year earlier, which is 10.6 percent less. (PAP Biznes)

gaw/ ace/