Polish Banks Post Record Profits. Government Pushes for Windfall Tax
Poland’s banking sector reported a record net profit of 21 billion złoty at the end of May 2025, marking a 20.4 percent year-on-year increase, according to the Polish Financial Supervision Authority (KNF). In response, Minister of Funds and Regional Policy Katarzyna Pełczyńska-Nałęcz called for the swift introduction of a windfall tax on excessive profits.
“Banks must finally serve Poland’s development, not suffocate it. The tax needs to be implemented as soon as possible,” the minister wrote on platform X.
She emphasized that banks are profiting from the highest credit margins in the EU, despite the persistently low levels of lending to domestic businesses. According to Pełczyńska-Nałęcz, the tax revenues could support national defense or healthcare. In May alone, the sector posted 4.4 billion złoty in profits, down 8.7 percent compared to April. Poland is currently home to 29 commercial banks and 489 cooperative banks, with the State Treasury holding the largest share in total sector assets (48.8 percent).
(INTERIA)
