Slovenia Mulls Additional Bank Tax for 5 Years for Flood Relief

Finance Ministry in Ljubljana proposes temporary taxation of banks should amount to 0.2% of total assets, it says in emailed statement.

• Proposal takes into account the fact that banks increased their profitability last year, while profits are also increasing in 1H 2023
• Extra taxation will be a source of funds for Slovenian Reconstruction Fund (SOS Fund), from which they will also be provided grants and grants to finance the population, the economy and infrastructure for remedying post-flood damage
• Shares in Nova Ljubljanska drop 1.3%
• NOTE: Damage from Record Slovenia Floods to Hit Billions of Euros (1)

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