Local govt leaders get money saving ideas from bankers as they announce their first big initiative, plans to set up one of the nation’s largest banks that would be state owned with a central bank

Local govt leaders get money saving ideas from bankers as they announce their first big initiative, plans to set up one of the nation’s largest banks that would be state owned with a central bank.

The announcement comes as banks in the Netherlands have been complaining that the banks have been trying to control costs and make them more profitable.

The government is now planning to create a bank that will be part owned by Dutch citizens. The banks have said in their annual accounts that the banks are spending too much for deposits, but that is not the case according to the government, which is expected to launch a pilot scheme next year that could bring in savings from the banking and asset management businesses.

On Monday, Jeroen Dijsselbloem, the head of the Netherlands banking regulator, confirmed the plan when asked on his weekly news programme. The pilot is set to take place between 2016 and 2017.

“On the face of it, the banks should be able to have the banking business, but what we see is a government taking control over them,” Mr Dijsselbloem said.

When asked if this is something that will be done when he steps down, he said: “I am not ruling anything out.”

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