Ghizzoni: „Austrian Bank Tax Is Painful“

More+Comment ♦ Published: March 10, 2012; 09:25 ♦ (Vindobona)

The Chief Executive Officer of UniCredit, the holding company of Bank Austria emphasizes not to sell the Austrian subsidiary. The bank tax is “unfair”.

Ghizzoni: „Austrian Bank Tax Is Painful“ / Picture: © UniCredit

Federico Ghizzoni, CEO of Italian UniCredit criticizes the increase of the Austrian bank tax by 25%. The government resolved the raise from € 500m to € 625m on the occasion of the austerity package. “We are anything but happy with the increase. That is painful.” Ghizzoni emphasizes that Bank Austria was the only major bank in Austria which did not call for bank aid. “Now, Bank…