Commerz pays €277 million in bank levies in H1

Payment to European Single Resolution Fund up €17 million year-on-year

Commerzbank’s compulsory payments to the European Union and German deposit protection schemes cost €277 million ($311 million) in the first six months of this year, up 8% on a year ago.  

The European bank levy cost the firm €204 million, up from €187 million in the prior year. Those payments made into the German scheme totalled €73 million, up from €70 million.

In addition, Commerzbank paid a Polish bank tax in the amount of €60 million, up from €46 million a year earlier.

What is it?

Bank

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 info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net 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 Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net 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 here