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.

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

  • Enter verification Code here*

* Required

In this list

Romania could lower bank tax, finance minister says

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible


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."