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ProCredit: Forecast for 2023 and medium-term outlook confirmed
20.12.2023A law formally ratified by the Ukrainian President on 06 December 2023 that raises the profit tax rate for banks from 18% to 50% for 2023 and will prohibit banks from applying losses from previous years to the current year’s profit will have no impact on the group outlook for the 2023 financial year as of the current date. Also through this law a permanent increase of the tax rate on bank profits to 25% is to be implemented from 2024 onwards. Despite the financial impact of these changes on ProCredit Bank Ukraine, the Management Board confirms the FY 2023 and medium-term outlook for the ProCredit group. ->
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