Banks operating in Slovakia will have to pay more to the state due to a higher bank levy, which the government approved last week and is now on the way to parliament. But they refuse to do so.
If the parliament consents to maintain the bank levy in 2020 and later, which is to double from 0.2 percent to 0.4 percent of banks’ liabilities, banks are ready to turn to the Constitutional Court.
“The situation is serious,” Daniel Kollár, the Slovak Bank Association (SBA) vice-president said, as quoted by the TASR newswire.
Financial houses caution against the deterioration of profitability and say the increased levy will have fatal consequences for medium-sized and small banks.
An outflow of banks
12. Nov 2019 at 13:12 | Compiled by Spectator staff