Over the past decade, bank taxes have been gradually spreading across emerging Europe. Hungary led the way in 2010, when Viktor Orban’s new Fidesz government implemented a swingeing levy on sector assets. Slovakia followed suit two years later and Poland in 2016.
Whether these levies were a reasonable response to industry misbehaviour or a justified means of raising revenue are questions that come more within the purview of politicians and economists than financial journalists.
But one thing is fairly clear.
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