bank tax

Romanian Senate Tacitly Adopts Bills Replacing Consumer Loan Reference Index

10:46, 07 Mai 2019
The Romanian Senate has adopted tacitly, without debate, a bill approving the government emergency decree that replaces the reference index on consumer loans with variable interest.

Romania’s Finance Ministry Amends Bank Tax This Week

13:21, 13 Mart. 2019
Romania's finance ministry will finish this week a draft of changes to the emergency decree 114/2018 that introduced a tax on bank assets and raised capital requirements for mandatory private pension funds.

Bank Tax Prompts Raiffeisen Bank International To Reevaluate Romanian Operations

12:16, 13 Mart. 2019
Raiffeisen Bank International will reevaluate its operations in Romania following the government's introduction of a tax on banks' financial assets in December 2018, RBI CEO Johann Strobl said in the bank's annual earnings report released Wednesday.

Finance Ministry Official Says Bank Tax on Assets is Quarterly

12:07, 14 Feb. 2019
Romania's tax on banks' financial assets is to be levied quarterly on the quarterly assets balance, an official at the Ministry of Finance said Thursday.

Isarescu Says Bank Tax Is an Attack on Central Bank Independence

13:31, 12 Feb. 2019
Romanian central bank governor Mugur Isarescu said the tax on bank assets is an attack on the independence of the institution, as it hinders monetary policy.

Romania’s Bank Tax Could Lower Interests on Deposits

20:37, 09 Ian. 2019
The so-called “greed tax” on bank assets will not necessarily affect lending so much as it might prompt the bank to cut costs by lowering interest rates on deposits, which are already below the inflation rate.