Chief BNP Paribas Fortis: "Loan costs could go to 1 percent toward the following year's end"

In principle, Belgian banks have the extension to raise the typical loan cost on their investment accounts to 1 percent toward the following year's end. That says BNP Paribas Fortis Chief Michael Anseeuw in De Tijd. How much and when loan fees will rise contrasts from one bank to another.

Anseeuw is the primary top financier to straightforwardly answer the developing discussion about the unfortunate loan cost on investment funds books. As indicated by the President, Belgian banks benefit significantly less from the great loan fees paid by the European National Bank than pundits portray it. "I figure out the remarks from clients," says Anseeuw. "However, I like the discussion that has been happening as of late unfairbecause wrong data has been utilized to arrive at specific resolutions."

Compelling banks to raise the premium on their investment accounts - a thought that the central government is presently researching - hence involves "chances", as per Anseeuw. He cautions that Belgian banks would see the greater part of their benefits vanish at a loan fee of 1%, and would then face more challenges to support their productivity.