Shares of Polish banks, including Vigo, fell in early trading on Tuesday as market participants dismissed assurances from the Ministry of Finance that no new bank taxes are being considered.
The sell-off underscores persistent investor anxiety regarding the fiscal outlook for the sector, even as officials attempt to quell speculation about additional levies.
The Ministry of Finance stated it is not conducting work on taxing banks, a declaration intended to stabilize sentiment.
However, the market reaction suggests that traders are not fully convinced by the statement, continuing to price in potential policy risks.
Vigo shares were among those under pressure, reflecting the broader unease within the domestic banking sector.
This development adds to a week of volatility in European equities.