Most recent figures show that the average profit margin of a home credit after the introduction of the bank tax has increased by ca. 0.3 percentage points. – For an average home buyer, this means an increase of a little under 34 PLN in their monthly credit installments, generating a total increase in cost of almost 12 100 PLN over 30 years – calculates Łukasz Kozłowski, expert of Employers of Poland.
In the future, the variable part of interest rates will depend on NBO interest rates, but the margin of profit will be the same level – higher than only a few months ago – through the whole term. This means that those who are now financing the purchase of a home with a loan will be in a worse position than those who took out a loan before the introduction of the bank tax.
Increased profit margins and the disappointing level of income generated by the new tax how that this mechanism does meet the expectations. Its introduction made banks even more reluctant to loan and the loans themselves got more expensive. Instead, the financial sector is buying treasury bonds en masse, as they are exempted from taxation.
Łukasz Kozłowski, economic expert of Employers of Poland