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Friday, January 27, 2023
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GreeceBusinessFinMin Staikouras gives banks ten days to increase bank deposits interest rates...

FinMin Staikouras gives banks ten days to increase bank deposits interest rates and reduce new loans interest rates

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Finance Minister Christos Staikouras gave the banks 10 days to proceed “immediately and bravely” with an increase in interest rates on deposits and a reduction in interest rates on new loans. In fact, he characterized the 4.86% interest rate on new loans in October as unacceptable.

Speaking to SKAI TV on Saturday, the minister said that “the average interest rate on new deposits is stable at 0.05%. The average interest rate on new loans in October increased by 0.26% and is now at  4.86%, adding that this is unacceptable. They should raise deposit rates immediately and significantly, and reduce the interest rate on new loans.”

According to the minister, a second very important chapter concerns bank commissions. “Banks charge Greek citizens a lot, and they don’t pay them what they should. I have asked them to re-evaluate within 10 days the commission on 12 specific services,” he said.
Staikouras also clarified that there is significant progress regarding the extrajudicial mechanism.

SOURCE; ANA-MPA

The copyrights for these articles are owned by the Hellenic News of America. They may not be redistributed without the permission of the owner. The opinions expressed by our authors do not necessarily reflect the opinions of the Hellenic News of America and its representatives.

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