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Jump in net profits for Polish banks

Bankruptcies in Poland

Poland’s banking sector notched up a net profit of PLN 2.74 billion in June, up a hefty 75.7 percent on the same month last year, the central bank has said.

Second-quarter profits grew 27.9 percent year-on-year to PLN 4.82 billion. They rose 1.2 percent in the first six months.

Banks’ operating costs over the same period rose 13.2 percent to PLN 15.72 billion.

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