Banking tax will hit BZ WBK's profits by PLN 405 million
15:45
Listed lender BZ WBK said on Monday that its net profit will shrink by PLN 405 million in 2016 as a consequence of a new levy imposed on banks.
"[...] according to preliminary estimations the tax will result in the Bank's profit-after-tax for 2016 being decreased by approx. PLN 405 mln," a filing read.
The figure is subject to change due to "fluctuations of the items that affect the basis of calculation of the tax; the need for further interpretation of individual provisions of the Act; the opinion of the financial regulator regarding the items that affect the taxation basis; potential ratification of other laws and the Bank's future decisions," BZ WBK noted.
The tax of 0.44 percent on banks' assets of over PLN 4 billion was signed into law by the President on Friday.
