Bureaucracy costs billions

by Finanzplatz München Initiative

The costs incurred by Germany’s banks from administrative operations decreed by the state amount to more than €3 billion a year. These are the findings of an appraisal conducted by the Cologne-based Institut der deutschen Wirtschaft (IW) Consult GmbH and commisssioned by Germany’s Central Banking Committee.

Further Information

> Zum Gutachten Bürokratiekosten in der Kreditwirtschaft (PDF) (in German)

Go back