Bank Austria CEO Cernko: No More Bank Tax Soon

People ♦ Published: October 22, 2010; 17:29 ♦ (Vindobona)

Due to Basel III, location reasons and to safeguard jobs, the bank tax will only be effective temporarily, according to Cernko

Bank Austria CEO Cernko: No More Bank Tax Soon / Picture: © Uni Credit Group Bank Austria

Bank taxes created for budget restructuring are naturally unpopular with banks, and their introduction has caused fierce resistance among the local banks. But ultimately they had to be accepted. About their limitation in time nothing has been discussed as yet. The group-CEO of the UniCredit subsidiary Bank Austria, Willi Cernko, expressed: "I start from the premise that the bank tax…

or Log In

Fast News Search
Related News
Supervision of Banks: Austria and Russia Intensify Cooperation (October 18, 2010)
UniCredit SpA has appointed Federico Ghizzoni as its new chief executive (October 1, 2010)
UniCredit: Andrea Orcel is Possible Successor to Profumo (September 24, 2010)
Profumo Resigns: Bank Austria’s Parent Group UniCredit Under Pressure (September 22, 2010)
CEE Banking Sector Report: Still More Credit Losses in the East (September 21, 2010)
Banks-Stress Test - Friday evening moment of truth (July 21, 2010)
Banks threaten with drastic job cuts (July 19, 2010)
Stress tests - according to Cernko, Austrian Banks in the bottom third (July 15, 2010)
Bank Austria sees euro zone as main risk for growth (June 28, 2010)
Read More
Bank Taxes, Bank Austria, Willibald Cernko, Equity Ratio, Hungary, Budget Deficit, Austerity, Equity Markets, Basel III, CEE Central Eastern Europe, Taxation
Featured
Coronavirus in Lower Austria: Update
See latest Vindobona Newsletter