The minister was asked to consider a change to the methodology used to calculate the levy, which would have benefited PTSB. Photograph: Brian Lawless/PAFormer minister for finance Paschal Donohoe reversed a decision that officials said could create “more of a level playing field” in the operation of the State’s €200 million-a-year bank levy. The bank levy was first put in place in 2014 in order to claw back some of the funds injected by the State into the banking sector during the financial crisis. The change would have meant a higher levy imposed when a bank hit a certain level of profitability, above €450 million. The budget did extend the bank levy for one year and made some technical changes to its operation.

Source: The Irish Times January 23, 2026 22:17 UTC