Polish Bank Shares Drop as Domanski Mentions Planned Tax (1)

(Updates with comment from analyst.)

Polish banks declined after Finance Minister Andrzej Domanski said late on Wednesday that he’s working on a levy for the financial industry.

• “I have announced work currently underway at the Ministry of Finance on a tax that would be borne by the banking sector” Domanski told broadcaster Polsat in an interview
• NOTE: It’s not immediately clear whether he was referring to his previously floated proposal for taxing profits earned on interest from mandatory reserves, or a different levy such as a windfall tax
  • Ministry officials weren’t immediately available for comment
• Trigon analyst Maciej Marcinowski said ...