Skylakakis to SKAI: Banks must do much more on deposit rates

Banks need to do a lot more on deposit rates because competition needs to work and citizens have better deposit rates. That’s how far we can go in this phase, the Deputy Minister of Finance told SKAI and Atariastos Theodoros Skylakakis.

His attitude took hold Christos Staikouras in the banks, but still has a lot of room to catch up, clarified Theodoros Skylakakis.

Loans

Regarding the loans, Thodoros Skylakakis explained that we pushed to the extent that we can push, because if we intervene it will automatically be perceived as a conversion of these loans into red by the Europeans. “So, because the Greek banks have the worst bad loans in all of Europe, we are more bound to intervene ourselves,” he explained.

The interventions announced by the banks cover 30,000 people in a satisfactory manner, explained the Deputy Minister of Finance.

“For many years they did not lend, now they are starting to give new loans, the mix is ​​changing, and there we can see improvements,” he noted. “The main job of banks is to lend, but efficiently, without bad loans”.

Regarding the possibility of settling debts in 120 installments, he clarified that the institutions “have a strong opinion, and a negative one”, especially in this period. “The country has not yet reached investment grade and even if it does, we believe in 2003 it is a country under simple supervision along with the others.”

Supplies

As far as procurement is concerned, the minister commented that it is purely a matter of competition within the banking system.

Economy

Mr. Skylakakis pointed out that Greece will stay out of recession in 2023, probably with 1.8% growth, and a primary surplus of 0.7%, i.e. a “good mix” that will lead the Greek economy to investment grade and allow to “change track”.

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