ECB: Real Cost of Banking for Euro Business Continues to Rise
Publisher: Bankhawk
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According to the ECB data published on 02 August 2023 Euro businesses are contributing €’billions to bank profits because they haven’t optimised their banking arrangements. Record bank profits are dominating the headlines and this means that businesses are paying more for their banking services. The challenge is that most of the additional costs to businesses are hidden in what banks call the ”net interest margin’. The net interest margin is widening as official interest rates increase.
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