The AEB and CECA banking associations are analysing the technical details of the measure following the filing of the draft law

This tax affects the capacity of banks to give credit and could have consequences for financial stability

The AEB and CECA associations believe that the government's decision to present a new tax on banks today in the Spanish Parliament, through the parliamentary groups that support the executive, is a measure that will not achieve its objective of combating inflation and, moreover, will hinder economic recovery and job creation, in a context of rising prices and geopolitical tensions.

It should also be noted that the Spanish banking sector has been making a significant contribution to the Spanish economy and society, as well as to the sustainability of public spending through specific taxes. This type of measure affects banks' credit and risk decisions, as well as their ability to compete in the European single market.

Following the filing of the draft law on the tax, the banking associations are analysing the technical details and remain willing to dialogue with the Government and with the parliamentary groups in its processing on the basis of an appropriate fit with the basic principles of our tax system, such as equality, non-discrimination and economic capacity.