The increase in operations in government securities led to the recording of superprofits for banks, said Daniil Getmantsev.
A draft law has been submitted to the Verkhovna Rada, which proposes to tax the net interest income of banks at a rate of 5% (in addition to paying corporate income tax). This was announced by the head of the parliamentary finance committee Daniil Getmantsev on Telegram on Monday, August 28.
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“If the model proposed by the bill is implemented, additional revenues to the budget for 2023 can be estimated at approximately UAH 10 billion,” the people’s representative wrote.
According to Getmantsev, in the first half of 2023, the interest income of banks reached UAH 141 billion, including UAH 73.5 billion from operations on government securities. Net interest income for the same period amounted to UAH 93.6 billion. Compared to the first half of 2021, they increased by 75%.
“Thus, the increase in operations in government securities led to the recording of superprofits for the banks,” he added.
The money is proposed to be directed to the general budget fund. It is assumed that such excess income tax will take effect during the period 2024-2026.
Hetmantsev noted that “a similar strategy (windfall tax) has already been introduced in Spain, the Czech Republic, Lithuania, Hungary, so it is worth looking at the experience of these European countries, which will allow us to achieve balance. between ensuring the stability of Ukraine’s financial system and the defense needs of the budget.”
Earlier, the NBU announced the profit of Ukrainian banks for six months. As of July 1, only eight banks out of 65 solvent financial institutions were unprofitable.
Source: korrespondent
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