Commerz pays €277 million in bank levies in H1

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

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