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Sector
Financials
Size
Large Cap
Market Cap £7.11bn
Enterprise Value £4.17bn
Revenue £7.55bn
Position in Universe 120th / 1033

Slovakia to replace bank tax with funding for public, private projects

Mon 22nd June, 2020 9:52am
PRAGUE, June 22 (Reuters) - The Slovak government has agreed
with banks to replace a special bank tax based on bank's assets
with higher funding for public and private projects, Prime
Minister Igor Matovic said on Monday.
    One billion euros deposited from past tax payments will be
moved into a national development fund. 
    Future payments of the tax, or about 150 million euros per
year, will be scrapped and banks will use the capital to fund
500 million euros per year for public and 1 billion euros for
private projects, Matovic said.

 (Reporting by Jan Lopatka)
 ((jan.lopatka@thomsonreuters.com; +420 234 721 614; Reuters
Messaging: jan.lopatka.thomsonreuters.com@reuters.net))
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