Hungarian Bank Tax May be Abolished

Politics ♦ Published: May 10, 2012; 16:15 ♦ (Vindobona)

The extraordinary bank tax in Hungary will be halved in 2013 and deleted in 2014, the government said. Austrian banks are relieved.

Hungarian Bank Tax May be Abolished / Picture: ©

The Hungarian Minister of Finance, György Matolcsy gives Austrian banks cause for hope. The bank tax should be abolished in 2014. In 2013, only the half of the bank tax will be imposed. Due to their high exposure, mainly Austrian banks were affected. Above all. Erste Group, Raiffeisen Bank International and VBAG, are highly engaged in Hungary. Erste Group´s market share amounts to 9%,…