Äripäev thought a year ago that an extraordinary bank tax is a bad idea. Now we think differently, Äripäev writes in the editorial.
The most successful company in Estonia in 2024 is Swedbank, congratulations! SEB came second, congratulations! Third place LHV, hurray! Luminor came fourth, a good result! Fifth Coop Bank, well done! Sixth Bigbank, yay!
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At the very top of the list of successful companies in Estonia are banks, and only banks that occupied the first six places, and the pre-tax profit of these six accounts for a third of the profit of the list of 1,000 companies.
Banks have begun to fulfill their verbal deal with the government to avoid paying the bank tax. So this year, they have additionally paid over 50 million euros in income tax to the state.
250 million was collected last year
The Lithuanian government approved the extension of the temporary bank solidarity contribution introduced last year for one more year, which was intended as an additional source of defense financing, Verslo Žinios wrote.
It must be easier, more convenient and, above all, cheaper for the client to walk from one bank to another with a loan. Competition invigorates the market and makes banks work harder on behalf of customers, writes Äripäev in its editorial.
Freedom Holding Corp. released its Q2 2025 results, showing significant growth in the company’s revenue and net profit. Due to the expansion, the company’s expenses also increased.
Source: www.aripaev.ee
