BANK TAX
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Erste CEO Says Bank Tax Left Bad Taste on Romanian Political Environment
Romania's tax on bank assets was reduced considerably, more than expected, but the entire move has left a bad taste on the political environment situation in Romania, said Andreas Treichl, CEO of Erste Group, which owns Romanian lender BCR.
Romanian Senate Tacitly Adopts Bills Replacing Consumer Loan Reference Index
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.
Fitch Ratings Revises Outlooks On BCR And BRD To Stable On Revised Bank Tax Decree
Fitch Ratings on Wednesday affirmed the Long-Term IDRs of Banca Comerciala Romana S.A. (BCR) and BRD-Groupe Societe Generale S.A. (BRD) at ‘BBB+’ and revised their Outlooks to Stable from Ne...
Romanian Government Adopts Changes to Tax Decree
Romania's government on Friday adopted a new emergency decree amending controversial legislation passed in December 2018 taxing the banking, energy and telecom sectors.
Finance Minister: Bank Tax Amendments To Be Published on Friday
Romanian Finance Minister Eugen Teodorovici announced on Friday that the amended version of the controversial 2018 bank tax decree would be launched into public debate during the day, with t...
Government May Amend Bank Tax Next Week
Romania's government may amend the bank tax in its meeting next week, finance minister Eugen Teodorovici said after a meeting with representatives of the Romanian Banking Association.
ING To Keep Investing And Growing In Romania Despite Bank Tax
ING Bank, the sixth largest bank in Romania by assets, will continue to invest and grow in Romania despite the government’s introducing a tax on banks' financial assets, said ING Chief Execu...
Romania's Finance Ministry Amends Bank Tax This Week
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 privat...
Bank Tax Prompts Raiffeisen Bank International To Reevaluate Romanian Operations
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 sa...