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Cernko Claims Bank Rescue Fund
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Bank Austria´s CEO Willibald Cernko wants the bank tax to be solely used for a stability fund in order to support financially stricken banks.
Cernko Claims Bank Rescue Fund / Picture: © UniCredit Bank Austria
Cernko, who has criticized the bank tax several times, reaffirms his claim to create a bank rescue fund. Bank Austria´s CEO is dissatisfied with the increase in the bank tax by 25%. Bank Austria also has to participate in the tax.
Within the next three or four years, bank tax proceeds should shift to a “stability fund”. The fund should be established at EU level. “This has…
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