US EditionA Dramatic Friday Morning Session on the Warsaw Stock Exchange. Banks Plummet.
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.5 Articles
5 Articles
Poland's plan to raise taxes on banks has spooked investors and sent stocks plunging, including amid concerns about the budget deficit, the second largest in the EU after Romania's. The Ministry of Finance proposed on Thursday evening to increase the profit tax for banks to 30% starting next year, compared to […] The article Poland wants to overtax the banking sector to reduce the budget deficit – Stock market is going down first appeared on Cur…
The WIG index lost 3.9% on Friday, a decline this large not seen on the Warsaw Stock Exchange since April 4th. A new banking tax and disappointing results from Dino fueled the sell-off. The WIG-Banks index has only suffered losses larger than Friday's on only six occasions in history, and the market value of Polish banks has fallen by over PLN 35 billion.
The Ministry of Finance assures that it does not plan to increase the taxation of the reserves of the banks MADRID, 22 (EUROPA PRESS) Poland plans to raise by 2026 to 30% the company tax for the banking institutions, compared to the current 19%, in order to reduce it gradually in the following years to a tax of 23% in 2028, [...] The entry Poland will increase the tax of the companies to the banking and the sector is plummeted on the stock marke…
Symbolic image related to stock_market Upday Stock Images Friday morning brought a dramatic sell-off in banking shares on the Warsaw Stock Exchange. Poland's largest bank, PKO BP, lost as much as 9% at the opening of trading, while the main WIG20 index fell by over 3%. The investor backlash is fueled by the Ministry of Finance's plan to increase the corporate income tax (CIT) for banks to 30% in 2026. Currently, banks pay the standard rate of 19…
The WIG20 is down over 3% at the start of Friday's session. PKO BP alone is down 9%. Other banks are also in trouble. Investors are reacting to the Ministry of Finance's announcement regarding a banking tax. The climate on foreign stock exchanges isn't helping either.
Coverage Details
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
Factuality
To view factuality data please Upgrade to Premium
