Bank Handlowy's cost to income ratio reached 62.9% in the first quarter of 2009, up from 58.8% when compared to the previous quarter.
Historically, the bank’s costs reached an all time high of 62.9% of income in 1Q2009 and an all time low of 55.4% in 3Q2008.
When compared to total assets, bank's cost amounted to 3.40% in 1Q2009, up from 2.81% in the previous quarter.
Staff accounted for 45.8% of total operating expenditures in the first quarter of 2009. The bank operated a network of 243 branches and employed 5,401 persons in 1Q2009.