With the effect of a signal, comment on the abolition of the penal interest by
ING by Tobias Fischer
Frankfurt (ots) – ING is going ahead and virtually eliminating custody fees,
Although only a shift in interest rates is expected in Europe. in july
The European Central Bank will raise interest rates in the face of rising inflation
forecast. But that’s not certain, and even if it was, it’s unclear how powerful it is
The interest rate step has been canceled and whether others will follow. It’s more than wonderful
Early identification of ING. It must have a signal effect.
It is true that the Oldenburgische Landesbank was already a pioneer around three
Weeks of exemption limits for deposits from private customers, of which 0.50 percent
The accrued penal interest is raised. But as a regional bank, it lacks that
Witt, which is one of the largest German banks with more than 9 million customers
Lifts. After reining in deposit flows, ING now expects again
Increasing flows. What banks across the country tried, customers
Preventing them from investing their money in suspicious accounts is a mistake
In the opposite perspective.
On the other hand, savings banks and banks rightly complained about it
Excess deposits that do not qualify as adequate or reasonable loans
Investors, are forced to stand at the central bank with negative interest rates.
On the other hand, they are also given allowances and thanks to
ECB TLTRO III Refinancing Operations Partially Large Interest Income
been granted. Such (partial) compensation or not, resentment of
Penal interest, custody fee, negative interest or whatever those of the banks
The interest rate on the European Central Bank’s deposit facility has been passed to its customers minus
0.50 percent is mentioned, made explicit at nearly every press conference. The
The “loving hugs of clients” are increasingly moving away from institutes
Economically, comment on the air he breathes
Head of the Sparkasse Helmut Schluys once.
Even if it is in the face of a slow shift in interest rates with the influx of unwanted money
It might end in the foreseeable future, institutes are totally in trouble
Then not yet. Because the interest of the loan usually has a fixed interest rate
Up to 15 years, at low prices, at the same time
But the pressure is high to raise interest rates on deposits quickly
The interest margin initially shrinks more rather than expands. change
Of course over time, when the fixed interest rates and contracts expire – then they close
Higher interest – it is adjusted. But it will be years before then. kiss her
It gets better, it might get worse at least for some institutes.
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OTS: Borsen Zeitung
AXC0393 2022-05-10 / 20:31
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