Rothensteiner: „Bank Taxes Cause a Cut in Lending”

People ♦ Published: February 5, 2013; 19:39 ♦ (Vindobona)

Walter Rothensteiner, CEO of Austrian RZB (Raiffeisen Zentralbank) says that bank taxes have a detrimental impact on the economic development.

Rothensteiner: „Bank Taxes Cause a Cut in Lending” / Picture: © Raiffeisen Zentralbank Österreich AG / Peter Rigaud

In an interview with the Austrian daily newspaper “Wiener Zeitung”, Rothensteiner explains the consequences of bank taxes. According tom him, RZB will pay bank taxes of more than € 200m this year. As a consequence, lending goes down by € 1.8bn. “I wish that we reconsider and then abolish the bank taxes.”

Rothensteiner stresses that the bank taxes slow down the…

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