Central Bank counselor: Banks borrow money with 10% interest and loan it with 35%
During the past months, banks increased their interest rates for deposits up to a maximum of 14%, due to both he international conditions and the key interest rate increase at the Central Bank (currently at 10.25%). At the same time, interest rates for credits increased significantly, especially in October, when they reached even over 100%.
In his intervention, the BNR official also stated that the National Consumer's Protection Agency must put up a structure specialized in verifying banks.