The bank said it has already opened a few VAT accounts and will continue to open dedicated accounts for its VAT-paying clients, free of administration charges, account opening charges or online transaction charges.
Lenders UniCredit Bank, ProCredit Bank and state-owned CEC Bank have announced similar measures this week.
Romania’s government adopted a decree making separate payment accounts for the value-added tax mandatory as of January 1, 2018. Companies may implement the measure voluntarily starting October.