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The Warsaw Voice » Business » May 22, 2014
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Polish banks seen improving their results this year - report
May 22, 2014   
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Polish banking sector should record a 6-8% year on year net profit increase in 2014, the daily Parkiet wrote citing analysts' consensus.

The present quarter should bring an improvement of interest margin as well as a slight increase in loan volumes, according to CEOs of top Polish banks. Risk factors for the sector include low interest rates and a cut in interchange fees in July, the daily wrote.

As for particular banks, ING BSK and Handlowy should benefit from improved demand for corporate loans, while Alior may benefit from the growth of its overall loan volumes, analysts said.

Getin Noble Bank, in turn, still has room for interest income improvement and its results will be improving thanks to tax optimization in its leasing business, analysts said.

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