Slovakian government extends bank tax despite ECB warnings

ECB and Slovak central bank warn increased bank levy could endanger financial stability

The National Bank of Slovakia

The European Central Bank has strongly criticised a new Slovakian law that increases and extends a levy on banks that was initially introduced as a temporary measure.

Slovakian lawmakers voted on November 28 to keep the tax on banks indefinitely and double its rate from 0.2% of each bank’s liabilities to 0.4%. The levy was first introduced in 2012. The lawmakers’ decision went against strongly worded advice from both the ECB and the National Bank of Slovakia.

The ECB said on November 26 that

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account