Philenews

CBE Opposes Additional Bank Taxation

Published February 12, 2026, 12:26
CBE Opposes Additional Bank Taxation

The CBE expresses strong opposition to the proposal for additional taxation on banks, arguing that such a measure is not a sound economic choice and cannot be used as a tool of social policy. The Chamber points out that banks have already contributed significantly to state revenues between 2017-2024, with a total contribution of €755 million. It believes this amount is sufficient to support borrowers and vulnerable groups without the need for new tax burdens. The CBE expresses concerns about a potential blow to the stability of the tax framework and the predictability of the institutional environment, as well as a negative message to international investors. It also warns of a possible pass-on of costs to borrowers, as highlighted by the European Central Bank, and the risk of creating a precedent in targeting specific sectors. The CBE notes a deviation from the recommendations of the IMF and the ESM, as well as the fact that countries with high credit ratings do not apply similar measures. At the same time, it states that it supports social support measures, as long as they ensure financial stability and investment confidence. Finally, the CBE emphasizes that a strong economy requires a stable and robust banking system and expects businesses to take their corporate social responsibility and contribute to society.