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Sunday, December 14, 2014
Commerzbank to raise prices for corporate clients and refers to the creation of low interest rates. However, penalty interest on savings deposits for private customers and SMEs to remain taboo.
The Commerzbank includes penalty interest on the savings for consumers and SMEs still pending. However, the Institute had in response to the low interest rates raise prices for corporate clients, responsible for the SME segment CEO Markus Beumer told the “Handelsblatt”: “Some things we will have to become more expensive.”
‘ll Bank with their customers negotiate gradually over the cost of the transaction prices, Beumer said. Penalty interest for wholesale deposits in late November had the teilverstaatlichte Institute, however, has not ruled out: “Some large corporate clients with high balances, as well as large corporations and institutional investors, we reserve the right, for high, from excess liquidity to calculate with us parked deposits, a prepaid fee . “
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Even then, a spokesman but he assured that no negative interest rates are planned for residential, commercial and SME customers. Beumer now confirmed this: “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, but that did not apply to deposits from institutional investors and large companies.
The Commerzbank had justified the 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. The banks should continue to give extra money as a credit to businesses and consumers, thus stimulating the economy.
Source: n-tv.de
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