Bank Taxes: RZB Records Costs of € 168m

Politics ♦ Published: December 20, 2012; 20:05 ♦ (Vindobona)

For Austrian RZB (Raiffeisen Zentralbank), bank taxes in Austria, Hungary and Slovakia come at € 168m. RZB will not leave Hungary, CEO Rothensteiner says.

Bank Taxes: RZB Records Costs of € 168m / Picture: © Raiffeisen Bank International AG / S. Klimpt

The Vienna-listed RZB expects bank taxes to total € 168m this year. In Austria, tax expenditure reaches € 114m. In Hungary, the bank tax will totals € 26m and the expected tax expenditure in Slovakia reaches € 28m. Next year, costs are estimated to increase to € 200m. „In the long term, we cannot bear this burden.” RZB´s CEO Walter Rothensteiner says.

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