Polish banks to face storm amidst new taxes

March 13, 2016 - Bydgoszcz, Poland - BYDGOSZCZ, 13 March 2016 - Raiffeisen bank is set to cut 500 jobs this year at it's Polish branch following new levies by the conservative government in power since 2015. Analysts are predicting the fall of Polish banks this year as well a major job cuts due to falling profits and extra costs following tax reform by the conservative government in power since October of 2015. The banking sector in Poland employs over 170 thousand people, the job cuts would be the first in over ten years in the sector. (Credit Image: © Jaap Arriens/NurPhoto via ZUMA Press)