Dutch banking association at odds over policy, cash contributions

The Dutch banking lobby in The Hague threatens to fall apart because of divisions on a number of issues, including how to boost the housing market, the banking tax and reducing red tape, the Financieele Dagblad said on Thursday.

Financial sector sources told the paper Rabobank and ING are on a collision course and Rabobank is threatening to reduce its contributions to the Dutch banking association by 30% to €3.5m.
The bank says it does not see why it should pay higher contributions than ING and ABN Amro when all three banks have the same number of seats on the board.
The reduced contribution is also a sign Rabobank is not happy with the lobby group, the paper says.
Divisions on policy mean the NVB has not been able to develop a standpoint on important themes such as the bank tax and mortgage tax relief.
Sources also say Rabobank feels itself superior to other banks because it did not need a government bail-out during the first financial crisis. Others say the divisions are due to a clash of egos.

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