Association of Banks CEO on Potential Tax on Banks' Excess Profits: "Banks Should Not Be Scapegoated"

Shortly after the Finance Minister provided details for her ministry's taxation plans, including a possible windfall tax for banks, the Chair of the Association of Banks in Bulgaria and CEO of Postbank Petia Dimitrova told reporters here on Monday that banks should not be scapegoated for the State's policies. She noted that this matter is yet to be officially discussed, CE Report quotes BTA

Dimitrova said: "We have seen in other countries where this was raised as an issue. Italy is a good example. The ECB [European Central Bank] and the EC [European Commission] came out with official letters that this is not right. Also this will not in any way change the deficit or the 'hole' that may or may not be there. I would not like to comment on something that that is yet to be commented on by the Finance Minister."

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