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WKO Rejects Further Financial Burdens for Banks

Published: January 29, 2014; 13:44 · (Vindobona)

According to the Austrian Chamber of Commerce (WKO), the financial burdens of banking institutes in Austria are significantly higher than those of their competitors in other EU member states.

WKO Rejects Further Financial Burdens for Banks / Picture: © Flickr

Franz Rudorfer, managing director of WKO’s Federal Department for Banks and Insurance Companies, is strictly against an increase of the bank levy since “already now the Austrian credit institutes have to deal with significantly higher burdens than their competitors in other EU member states,” he said and referred to a study of international management consultancy firm Oliver…

This article includes a total of 225 words.

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