Cap on bank fees possible

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Cap on bank fees possible
 © CyprusMail 2020
The Central Bank of Cyprus (CBC) could next week deliver its recommendations concerning the level of bank commissions and charges to the finance minister with the minister possibly deciding to impose a ceiling on the fees – some say extortionate – charged by lenders for services.

The CBC has been compiling and comparing data on bank fees from here and overseas, and is expected to present its findings to Finance Minister Constantinos Petrides in the coming days.

According to daily Phileleftheros, the minister could then order a cap on the fees charged...


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This article was automatically added to our system 26-2-2020

Cap on bank fees possible


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