Polish banks expect net profit improvement in 2014
April 3, 2014
Polish banks expect net profit growth in 2014 vs. the 2013 result of PLN 15.4 billion and expect lending recovery, especially in the corporate segment, Poland's financial market authority KNF vice-president Wojciech Kwasniak said.
"Banks expect an improvement of profitability and a decline of cost of risk," Kwasniak said. "The banks' financial plans for 2014 show that they assume that 2014 will be better than 2013," Kowalczyk told PAP Polish news agency.
The sector expects an increase in lending and, and hopes especially for growth of lending to the corporate sector, the official said.
"Banks expect a double-digit growth of lending in the corporate segment and a single-digit growth of credit sales in the retail segment," Kwasniak added.