[UPDATED] Tancoo calls on banks to absorb asset levy
Finance
Politics
November 21, 2025
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MINISTER of Finance Davendranath Tancoo assured the public that the 0.25 per cent asset levy on total assets on commercial banks and insurance companies effective January 1, would not affect customers.
He also called on the Central Bank to be “vigilant” and ensure that costs are not passed on to the customer.
“Commercial banks' assets hold an asset base of approximately $160 billion while insurance companies hold nearly $70 billion in assets.
Finance
Politics
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