Portugal

Rate yielding 60 million to the ‘mary bath’ Resolution Fund

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 13/11/2026, 06:41:24 UTC.

Briefings

A Portuguese bank tax for the 2027 Resolution Fund was suspended due to a Constitutional Court ruling, leaving the collection process in limbo. In 2025, this tax generated over 59 million euros for the fund, representing a key revenue source. The article notes the supervisor is awaiting a legally robust solution to resolve the constitutional issue.

Key points

• The tax on Portuguese banks for the 2027 Resolution Fund was suspended pending a Constitutional Court ruling.
• In 2025, this tax generated over 59 million euros for the fund, making it a significant revenue component.

Context

The article discusses the suspension of the 2027 tax collection procedure due to a Constitutional Court ruling declaring the relevant norm unconstitutional. This creates a legal limbo for the fund's financing, with the supervisor awaiting a robust judicial solution.

Limitations

Evidence is limited to the article's report on the 2025 tax collection and the 2027 suspension status. No specific dates for the Constitutional Court ruling are provided, and the article does not contain quotes or causal claims about the ruling's impact.

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