Poland Seeks PLN1.5B-2B in Revenue From Banks’ Reserve Tax

Finance Ministry is working on the new levy on interest payments banks receive from keeping obligatory reserves at the central bank, Minister Andrzej Domanski says in the interview with Radio Zet.

• While Ministry doesn’t want to impose windfall tax on banks’ total profits, it sees interest banks get from keeping obligatory reserve at the central bank as “too high” compared with European peers, where in some countries there is no interest on such reserves at all
• Estimates new levy may bring 1.5b-2b zloty of revenues in 2026
• NOTE: Polish banks are obliged to keep 3.5% of their deposits in the ...