Budget 2025 to retain bank levy, says Jack Chambers

Banks remain “highly profitable” in Ireland at present, Jack Chambers said, adding that they are benefiting from the ongoing stable economic position the country is in. File picture: Damien Storan.

Finance Minister Jack Chambers is planning to retain the bank levy in the upcoming budget.

The Fianna Fáil minister said he will now recommend to the coalition leaders that the levy be extended into 2025. Mr Chambers said the matter has been examined by him and officials within the Department of Finance.