Finance Minister Vincent van Peteghem (CD&V) does not support Voorwit’s proposal to impose an excess profits tax on banks. “We can better ensure that bank profits go to savers rather than into our state pot,” the Deputy Prime Minister said in Parliament.
During the weekly question period, the minister was asked a series of questions about one-year government bonds, which unexpectedly raised just under €22 billion from around 700,000 Belgians. Making it the most successful case in our country’s history.
The reason for issuing government bonds was to encourage banks to increase interest on savings accounts. Many respondents indicated that the interest rate increase was disappointing. According to the minister, the fact that some banks came up with alternatives during the issuance clearly proves that competition existed. “But once the external pressure was gone, they went back to their old habits,” says Van Petegem.
“Small banks in danger zone”
The minister did not comment on the issuance of second government bonds. This depends on the conditions prevailing at the time, such as the interest rate climate and the banks’ reaction. But such a process will always be done in consultation with the debt agency.
Party leader Peter De Ruover (N-VA) warned that a second government bond would put small banks in the danger zone. He asked: “Is it your turn to take this step?” For Jill van den Boer (Ecolo), the second issue should include green government bonds.
Read also: Testankop wants to put pressure on banks by offering more savings interest on “government accounts”: what return will this bring to savers? (+)
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