trending Market Intelligence /marketintelligence/en/news-insights/trending/XMrXai80EVuD7NtKXjiE9A2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Romania could lower bank tax, finance minister says

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity

Street Talk Episode 70 - Banks' Liquidity Conundrum Could Fuel M&A Activity

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

Romania could lower bank tax, finance minister says

Romania could lower the tax it requires banks to pay, Reuters reported, citing Finance Minister Eugen Teodorovici.

The tax rate could be brought down to a range of 0.2% to 0.4% from 0.1% to 0.5% of lenders' financial assets based on their market share, and certain assets could also be exempted from tax, the March 20 report said. The ministry has already been in contact with banks, which have until March 21 to assess the proposal. The government plans to approve the changes through another emergency decree on March 28.

The new proposal uncouples the tax rate with the Romanian interbank offered rate, which stood at 2.94% to 3.30% as of March 20.

In December 2018, the government imposed surprise tax rates on several industries, including the banking sector, which could reach 0.9%. The decision drew flak from regulators, with central bank Governor Mugur Isărescu saying the move "could kill banks."