Tax on “manny from heaven”: The minister of funds and regional policy Katarzyna Pełczyńska-Nałęcz proposed 20 Marchfor banks to be covered tax on excess profits. – I think that the best solution is a solution that was used in many European countries (…), i.e. disposable tax, sometimes extended For the next year, from “Manna from Heaven”, or extraordinary, excess income – said in RMF FM. In her opinion, the tax on “Manny from Heaven” could be allocated to defense.
“We have very expensive loans”: The minister said in an interview with “Puls Biznesu” that we have a “bull market in Poland” in Poland. – I looked at this very carefully and I say full responsibility: the situation is absolutely bizarre. On the one hand, banks offer Very low savings interest ratedespite the fact that the central bank feet are high. The savings interest rate is below inflation, and therefore save them. On the other hand, we have very expensive loans, their The interest rate is the highest in the European Union. And in the middle is great spreadmaking up a margin of banks, which means that the banking sector records record profits – she emphasized.
Will there be a new tax? The minister said that she is responsible for the tax policy in Poland Ministry of Financebut the ministry of funds and regional policy deals with regional development and its financing. – I also deal with how to raise money. And that's why I intend to raise the topic of introducing a special tax on banks as something that It should be absolutely in Poland she explained.
This is how banks earn: The profits of the Polish banking sector in 2024 reached PLN 42 billion net. “In historical terms it is unprecedented result” – write Dr. Michał Możdżeń and dr Maciej Grodzicki in the pages of Dziennik Gazeta Prawna. As we read, some experts believe that since the profitability of capital is very high, as well as interest rates loans and deposits (Lending Margin, which is reported by the European Central Bank), are the key of bank credit margins. In turn, banks defend themselves and explain that the margins are not large, although greater than in other countries (they explain this with increased credit risk and the highest bank tax). According to banks, most of the profits result from the monetary policy policy (MPP), and therefore is not related. Economists assess that Banks are right in this matter. “NBP high -rate policy allowed banks to generate astronomical revenues. It's time to introduce tax on extraordinary profits” – they emphasize.
Banks comment: Dr. Tadeusz Białek, president of the Polish Bank Association, believes that the proposal regarding the imposition of tax on excess profits is “extremely dangerous“. – They are in absolute contradictions with investment plans announced by the Prime Minister Donald Tusk. The banking sector has a fundamental role to play in the financing process of these investments – he said in an interview with Money.pl.
Read also: “UOKiK examines suspicious banks' practices on loans. 'They can last for years'“.
Sources: RMF FM (YouTube), Puls Biznesu, Dziennik Gazeta Prawna, Money.pl