Mar

The Fallout From Poland’s Bank Tax: Lending Declines for First Time Since April

Total lending drops for first time in 10 months in February

Lending in Poland fell for the first time in almost a year in February, the first month banks had to pay a tax on their assets.

“Deceleration of the lending action is a result of the additional tax the industry has to pay,” according to Rafal Sadoch, chief economist at Noble Option…

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The Fallout From Poland’s Bank Tax: Lending Declines for First Time Since April

Total lending drops for first time in 10 months in February

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