Doing what’s possible – how the central bank and credit institutions can support the necessary transition towards a carbon-neutral economy Speech marking the retirement of Dr Karl-Peter Schackmann-Fallis, Executive Board Member of the German Savings Banks Association 26.09.2022 | Berlin | Joachim Nagel 1 Introductory remarks 2 A look at the savings banks group 3 Transition to a climate-neutral economy 4 Financial institutions and their profitability 5 Inflation and monetary policy 6 Conclusion  1 Introductory remarks Ladies and gentlemen, Karl-Peter, Mr Schleweis, Thank you very much for your warm welcome – and thank you for inviting me to this event today.
Banks need to identify the causes for the low transaction rates and urgently address them. In order to be successful, sustainable and scalable, financial inclusion should necessarily be commercially viable for everybody including the bank, the BC and the technology provider. However, the pricing should not result in exploitation of the customers.