Biznes Fakty
Huge profit for banks. New data from the National Bank of Poland
As of January, the profits of banks reached nearly four billion zlotys, according to the National Bank of Poland (NBP). In the previous year, specifically in January 2024, the profit was slightly above 3.7 billion zlotys.
On Monday, the National Bank of Poland (NBP) published statistics regarding the banking sector’s performance after January 2025. The profit for banks totaled PLN 3.998 billion. In January 2024, the profit after the initial month of the year was PLN 3.711 billion.
Bank revenues
After the first month of this year, banks’ interest earnings were just over PLN 15.87 billion, while in January 2024, they were below PLN 14.53 billion. The interest expenses for banks after the first month of the year were nearly PLN 6.1 billion; compared to a year prior, when they were just above PLN 5.68 billion.
Revenue from fees and commissions in January 2025 amounted to PLN 2.189 billion, which is slightly lower than the previous year, when it reached PLN 2.198 billion.
Throughout the entirety of 2024, banks’ profits surpassed PLN 42 billion.
The issue of credit and interest rates
On Friday, the Speaker of the Sejm and the Third Way’s presidential candidate, Szymon Hołownia, urged the President of the National Bank of Poland, Adam Glapiński, to reduce interest rates.
„Poland is the leading European nation when it comes to high loan costs. There is no justification for a Pole to incur more debt than a Czech or a German. I have requested the president of the National Bank of Poland, Adam Glapiński, to lower interest rates,” Hołownia stated on the X platform, sharing a scan of his letter to the head of the central bank.
Read more: „There is no reason for a Pole to pay more than a Czech or a German” >>>
At the beginning of February, the Monetary Policy Council decided to maintain the NBP interest rates at their current levels. The MPC last reduced interest rates in October 2023. The reference rate is presently at 5.75%.
MPC member Iwona Duda recently commented that if any interest rate reductions occur in 2025, it would only be feasible towards the end of the year, and any easing would be minimal.
Read more: When will interest rates be cut? There is a voice from the MPC >>>
In contrast, another MPC member, Ludwik Kotecki, quoted by „Puls Biznesu”, previously mentioned that he anticipates interest rate cuts to happen at the start of the third quarter, by September at the latest.
