1.4 billion-RON taxes collected from banks and the NBR, half as much as in 2009

Commercial banks last year paid 276.84 million RON (65.9 million euros) as banking corporate tax, with the amount being around four times lower than that paid in 2009, according to data sent to ZF by the Finance Ministry.

The budget "lost" a big part of the resources it received in booming years from the banking sector, with the corporate taxes paid by credit institutions being much lower amid a deepening economic recession and a lending "freeze".
At the same time, payments made by the central bank to the budget total 1.1 billion RON. According to Finance Ministry data, in the first 11 months of 2010, the central bank transferred 934.07 million RON to the budget, in the account where the NBR transfers amounts from its net revenues.
In 2010 the banking system was most likely in the red, according to industry estimates. Nine months into 2010, losses of the banking system reached 474 million RON (110 million euros).
In accordance with the Fiscal Code, banks make corporate tax payments in advance. So, what the banks paid in 2010 to the budget is the advance tax due for 2009 profits, while amounts collected in 2009 correspond to the record-high profits recorded in 2008.