News Column

Brokerage houses' net earnings surge by 315% y/y to EUR 121mn in 2013

February 26, 2014



Net earnings of Poland's brokerage houses amounted to PLN 502.81mn (EUR 121mn) in 2013 vs. PLN 121.25mn, according to the data of the Polish Financial Supervision Authority (KNF). Gross profit was PLN 621.02mn vs. PLN 206.34mn, respectively.

Revenues from brokerage activity rose last year to PLN 1,206.56mn from PLN 1,103.97mn a year before. Their costs inched up at that time to PLN 1,173.97mn from PLN 1,169.85mn.

The value of assets of their customers on brokers' accounts was PLN 156.48bn at the end of 2013 compared to PLN 134.36bn a year earlier.

 


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Source: IntelliNews - Weekly Reports


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