Greek Finance Minister Christos Staikouras has given the banks 10 days to “immediately and bravely” increase interest rates on deposits and reduce interest rates on new loans after describing 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,” Staikouras added.
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.
READ MORE: Liberation: “Greek shipowners do not care about sanctions against Russian oil.”
Police in Piraeus have taken an 81-year-old man into custody after he was observed engaging…
A recent global study by GitNux revealed the average hip sizes of women across 17…
Greece's migration minister announced on Tuesday that the European Union plans to implement stricter migration…
Lockheed Martin has delivered the 30th upgraded F-16 Viper to the Hellenic Air Force, marking…
Beny Steinmetz, the Israeli mining magnate, was convicted for his role in a scheme to…
As part of the ongoing growth of women's sports, AEK is excited to announce the…