The Commerzbank includes penalty interest on savings deposits of individuals and SMEs further. However, the Institute had in response to the low interest rates raise prices for corporate clients, said European SME business CEO Markus Beumer the “Handelsblatt”: “. Some things we will have to increase the cost of” The Bank will with their customers gradually over the cost of the Transaction negotiate prices, Beumer said
penalty interest for key account balances had teilverstaatlichte Institute, however, already the end of November not excluded. “With some large corporate clients with high balances, as well as large corporations and institutional investors, we reserve the right, for high from excess liquidity deposits parked with us to charge a credit fee. “Even then, a spokesman but he assured that no negative interest rates are planned for residential, commercial and SME customers.
Commerzbank pushes buck ECB
Beumer confirmed this now: “For us, the retail deposits and medium-sized businesses have a much higher strategic value. Their contributions we can use to issue long-term loans” For regulatory reasons applies the but unfounded for deposits from institutional investors and large companies.
The Commerzbank had to step in November with the negative deposit rate of the European Central Bank (ECB). The central bank requires financial institutions to stash the money with her, currently 0.2 percent interest – rather than paying an interest rate itself. This is intended to encourage banks to give extra money as a credit to businesses and consumers, thus stimulating the economy.
(awp / moh)
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