Polish banks' net financial result was down by 2.5% y/y to PLN 11.79bn ( EUR 2.83bn ) in Q1-3 of 2013, according to preliminary data presented by national stats office GUS. Earlier, the Polish Financial Supervision Authority (KNF) reported that the Q1-3 net earnings were down by 1.9% y/y to PLN 11.81bn, while the National Bank of Poland (NBP) calculated the nine-month net result at PLN 11.79bn, down by 2.5% y/y. GUS reported that in Q1-3 of 2013, the combined result on banking operations decreased by 6.5% y/y to PLN 41.4bn, while total costs were down by 0.6% y/y to 20.5bn (with personnel costs rising by 1.3% y/y to PLN 11.5bn). Net interest result fell by 7.6% y/y to PLN 24.8bn, while the fee-and-commissions result dropped by 1.1% y/y to PLN 10.6bn in Q1-3 of 2013. At that time, provisions shrank by 12.2% y/y to PLN 5.4bn. The banking sector's balance sum increased by 7.0% y/y to PLN 1,428.0bn, GUS also said. At the end of September of 2013, there were 642 banks in operation (down by 1 y/y). At that time, the number of commercial banks was 70 (unchanged on the year).
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