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Bank association chief calls levy announcement "big disappointment"

A government decision to keep revenue from the extraordinary bank levy unchanged in 2012, instead of halving it as earlier planned, is a "big disappointment", Tamás Erdei, chairman of the Hungarian Banking Association (MBSz), told MTI on Tuesday.

National Economy Minister György Matolcsy announced the decision as part of a structural reform plan unveiled in the morning.

Banks had expected the bank levy to fall close to European Union levels in 2012, Erdei said. The government did not consult with the association on the change, he added.