Return billions in profits made at the expense of home builders to customers
St. Pölten (OTS) – “Erste Bank can look forward to a profit of three billion euros. Profits that are also explained by the enormous differences between savings and loan interest rates. While home builders can hardly afford the loans and are getting into more and more difficulties, the banks are swimming in money. As head of the banking association, Erste Bank boss Cernko has so far had nothing to offer home borrowers other than hot air and empty promises. As Erste Bank boss, he can now act himself. An interest price cap of 3% for the first 300,000 euros of loan amount costs 1.5 billion euros or around 50% of Erste Bank’s profits. The first could easily finance the interest rate cap all on its own. She would be assured of the eternal thanks of hundreds of thousands of home builders in the country. For a bank whose most important asset is the trust of its customers, it is certainly an idea that will pay off in the long term,” says Control State Councilor Hergovich and adds:
“As nice as it would be if Erste Bank set a good example, it is unlikely to happen. But if one bank can manage the interest rate cap alone, it is completely clear that all banks can easily afford the interest rate cap together. The federal government must finally hold the banks accountable. In the federal government’s construction package, a family that repays a high-interest loan pays a family that opens a new loan with their tax money to pay the lower interest rates in addition to their own high burden. A federal government that looks after the population, on the other hand, would use a small part of the banks’ billions in profits for this purpose. Everyone would benefit from it. In Lower Austria, Mikl-Leitner and Landbauer could set a good example and oblige Landes Hypo, which belongs to all of us, to cap interest rates.”
Questions & Contact:
SPÖ Lower Austria
Daniel Steinlechner
Press spokesman
+43 650 4919830
daniel.steinlechner@spoe.at
noe.spoe.at
2024-02-29 09:12:23
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