KBC Bank Ireland and Ulster Bank are exempt from the bank levy because they are exiting the Irish market
The levy has been extended on several occasions.
Its annual yield has been around €150 million, but that will fall in the year ahead as the Minister confirmed that Ulster Bank and KBC – which are departing the market – will be exempt.
“I am proposing that the remaining banks will pay the same amount in 2022 as they did this year. This equates to approximately €87 million in total,” Paschal Donohoe told the Dáil.
The Minister also said the levy would be assessed over the coming year.