Banks refused to pay special levy

They say it is unconstitutional and will take it to court.

Slovak Bank Association executive director Milena Koreňová (left), SBA president Alexander Resch, SBA vice-president Daniel Kollár and SBA board member Peter Krutil počas tlačovej konferencie Prezídia SBA v Bratislave hold a press conference on the bank levy in Bratislava on November 11, 2019Slovak Bank Association executive director Milena Koreňová (left), SBA president Alexander Resch, SBA vice-president Daniel Kollár and SBA board member Peter Krutil počas tlačovej konferencie Prezídia SBA v Bratislave hold a press conference on the bank levy in Bratislava on November 11, 2019 (Source: TASR)

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.

SkryťTurn off ads
Article continues after video advertisement
SkryťTurn off ads
Article continues after video advertisement

“The situation is serious,” Daniel Kollár, the Slovak Bank Association (SBA) vice-president said, as quoted by the TASR newswire.

SkryťTurn off ads
Related article Bank levy may double Read more 

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

The rest of this article is premium content at Spectator.sk
Subscribe now for full access

I already have subscription - Sign in

Subscription provides you with:
  • Immediate access to all locked articles (premium content) on Spectator.sk
  • Special weekly news summary + an audio recording with a weekly news summary to listen to at your convenience (received on a weekly basis directly to your e-mail)
  • PDF version of the latest issue of our newspaper, The Slovak Spectator, emailed directly to you
  • Access to all premium content on Sme.sk and Korzar.sk

Top stories

Janka, a blogger, during the inauguration of the first flight to Athens with Aegean Airlines at the airport in Bratislava on September 14, 2023.

A Czech rail operator connects Prague and Ukraine, Dominika Cibulková endorses Pellegrini, and Bratislava events.


Píšem or pišám?

"Do ľava," (to the left) I yelled, "Nie, do prava" (no, to the right), I gasped. "Dolšie," I screamed. "Nie, nie, horšie..." My Slovak girlfriend collapsed in laughter. Was it something I said?


Matthew J. Reynolds
Czech biochemist Jan Konvalinka.

Jan Konvalinka was expecting a pandemic before Covid-19 came along.


SkryťClose ad