Bank levy will double

The Slovak Banking Association is critical of the increased levy.

(Source: Sme)

Banks will have to pay a higher levy next year. While currently, they are expected to pay 0.2 percent of their liabilities, the levy double to 0.4 percent next year.

Moreover, the levy will not end in 2020 as was originally expected. The banks will continue paying it for an unlimited period, as stems from the amendment to the law on a special levy or selected financial institutions approved by the parliament on November 28.

The state expects to receive €144 million for its coffers through the levy next year, the SITA newswire reported.

The amendment still requires President Zuzana Čaputová's signature.

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