2017 was a very positive year for both the Polish economy and PKO Bank Polski. The GDP growth rate, mainly driven by investments, accelerated to 5 percent at the turn of 2017/2018. Consumers and entrepreneurs are optimistic about the future. Under such conditions, PKO Bank Polski generated the highest net profit in the banking sector: PLN 3.1 billion, which is 8% higher than in the previous year. Its recurrent net profit increased by significant 28%. This performance benefited from the strong increase in the profit on banking operations, which was PLN 12.6 billion at the end of the year and was driven mainly by the notably improved net interest income (up 11% year-on-year to PLN 8.6 billion) and net fee and commission income (up 10.2% year-on-year to PLN 3 billion).