Fico tells bankers his plans for higher bank levies

Prime Minister Robert Fico told bank representatives on May 28 that his government intends to introduce an extraordinary bank levy this year aimed at bringing in revenues of €50 million in 2012, the TASR newswire reported. "Apart from that, we informed them [the banks] that we're introducing a different bank-levy rate from the one approved by Iveta Radičová's government” stated Fico, as quoted by TASR, adding that this should bring €100 million more to the state in 2013.

Prime Minister Robert Fico told bank representatives on May 28 that his government intends to introduce an extraordinary bank levy this year aimed at bringing in revenues of €50 million in 2012, the TASR newswire reported.

"Apart from that, we informed them [the banks] that we're introducing a different bank-levy rate from the one approved by Iveta Radičová's government” stated Fico, as quoted by TASR, adding that this should bring €100 million more to the state in 2013.

Fico stated a number of reasons why banks should help consolidating Slovakia’s public finances, saying that profits of Slovak banks broke new records in 2010 and 2011 and they are in better condition than their parent companies while adding that Slovakia cannot impose a tax on dividends that flow abroad as this would be double taxation. "Thirdly, I drew the banks' attention to the fact that even though they have record-high profits, small companies are still complaining about low access to credit," the prime minister stated, as quoted by TASR.

If banks continue to raise their fees for customers, as they did most recently as of April 1, 2012, the government will require the banks to introduce a basic bank fee package that costs only €1 for people with the lowest incomes, Fico told the bankers.

Source: TASR

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Get daily Slovak news directly to your inbox

Top stories

News digest: Nationwide testing gained contours

The Defence Ministry reveals details on upcoming testing, removal of the STU rector was far from normal. Take a look at our latest news digest.

President Zuzana Čaputová meeting with scientists and experts on epidemiology, infectology and medicine.

Senate voted STU rector down. Police called to the uni as well

The session of the Academic Senate proposed that Rector Fikar be dismissed.

Miroslav Fikar

Dozens of people die of COVID every day. A drop not expected for at least two weeks

People who would otherwise survive may die of other serious diagnoses due to the epidemic.

Illustrative stock photo

Slovakia orders a curfew and embarks on its COVID experiment

High turnout in testing in four northern districts, decision awaited on extending the project to the nation. Prison for a prominent prosecutor and parliament's speaker injured.

Waiting for the results of COVID tests during the pilot phase of the nationwide testing in the town of Nižná in Orava, northern Slovakia.