“The banks are groaning under the weight of negative interest rates, and evaluate the low-interest-rate policy from year to year negative”, it said in a communication to the consultancy firm EY. The Problem is, to stay profitable, threatened to exacerbate a long-term, says EY-specialist Patrick Schwaller. It is not surprising that the willingness of banks to bear the burden of negative interest rates alone, seems to be declining from year to year.
According to the on Thursday published the banking barometer of EY 34 percent of the surveyed banks exclude, in the meantime, the transfer of negative interest rates, categorically, after it were the year 2015, 70 percent. And a third of the banks surveyed indicated that the threshold for the burden of negative interest rates in the foreseeable future reduce.
“In the retail customer business, such measures for most of the banks but continues to be a taboo and it is currently hard to imagine that customers are assets of 100’000 Swiss francs be charged in the near future, with negative interest rates,” said Schwaller.
more Restrictive credit policy
so Far, the banks would have been able to prevent a break-in of your interest income by a massive volume of expanding their loan books, said EY. The mortgage volume, the Swiss banks have doubled since the year 2000.
However, the mortgage market showing signs of Saturation in recent years significant growth, certainly not in the future. According to the study, the dynamics on the Swiss mortgage market seems to be slowing down noticeably. Significantly more banks want to pursue in the case of Housing loans, in the future a more restrictive lending policy, and 44 percent of the banks in accordance with 34 percent in the previous year.
For the Bank barometer respondents to EY in November, 100 members of the senior management of various banks, including the Swiss units of big banks, UBS and Credit Suisse. (sda)
Created: 10.01.2019, 12:16 PM
