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Czech News in English » Business » Finance » Czech banks hit after prime minister's proposal on dividends

Czech banks hit after prime minister’s proposal on dividends

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Shares in several banks active in Central Europe fell on Monday after the Czech prime minister said lenders in the country should pay as much as a fifth of their dividends into a state development fund. The intervention by Andrej Babiš follows initiatives to raise taxes on banks in several other central European countries, and contributed to falls in the share prices of a number of international lenders that dominate the Czech Republic’s banking market.

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