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.
He described 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.”
He underlined that in addition to the four systemic banks, there are bank institutions with higher interest rate for deposits.
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.
The Minister did not reveal what and if any measures will be taken, if the banks will not come up with satisfying proposals in a meeting with Staikouras after ten days.
Leader of main opposition party SYRIZA, Alexis Tsipras, proposed than banks should be extra taxed.
PS After almost four years in power, New Democracy and the FinMin found out bank charges are “a lot” and they seem ‘annoyed’.
Fact is, however, that elections are nearing and conservative, neoliberal ND tries to display a “social” profile. (HA!)