Polish Banks Pekao, ING Slaski Post Lower Q3 Profits on Higher CIT

Pekao and ING Bank Śląski reported lower net profits for the first three quarters of 2026, attributing the decline to a higher corporate income tax (CIT). The tax increase, part of Poland's fiscal policy, is squeezing bank earnings. This signals a broader margin compression for Polish banks and may weigh on sector valuations.

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