PEKAO posts losses, new bank tax blamed

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PEKAO posts losses, new bank tax blamed

A sign is seen at a PEKAO bank office, in Bydgoszcz, Poland, on May 10, 2016. Poland’s second largest lender reported a loss of 8 percent in it’s net profit for the first quarter of the year. Losses are due to recently imposed taxes on banks by the new conservative government. (Photo by Jaap Arriens/NurPhoto)


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