![]() Since rates rose, they have cut current account costs but have refused to reward cash held there saying that money is for day-by-day use and not an investment.The original System Shock is one of the early progenitors of what we know now as the immersive sim-games like Dishonored, Prey, and Deus Ex all share similar DNA, and even a few key developers. Unlike peers in some other European countries, Italian banks never charged for deposits when official rates fell below zero. Intesa at the end of last month said it expected to pocket more than 13.5 billion euros this year from its NIM alone.Īll main Italian lenders reported much stronger than expected results for the first six months and upgraded their profit outlook thanks to higher rates. Under an early draft, the thresholds were 3% and 6%. Italy will tax 40% of the NIM earned in 2022 or 2023 - depending on which sum is bigger - targeting the yearly increase above thresholds set at no less than 5% for 2022 and 10% for 2023. The measure applies to the net interest margin (NIM), a measure of income deriving from the gap between lending and deposit rates. Italy will apply the tax only in 2023, with banks paying the sums by June 30, 2024. ![]() That would be similar to the 2.8 billion euros raised by this year's windfall tax on energy companies. Sources said the Treasury expected to collect less than 3 billion euros ($3.3 billion) from the measure. Bank of America estimated proceeds of between 2-3 billion euros for the government. WINDFALL FOR THE TREASURYĬiti analysts calculated the tax could wipe up to 12% off Italian banks' 2023 earnings. ![]() The government wants to use the proceeds to help those struggling with the cost of living, such as mortgage holders.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |