Banks to stop charging negative rates on deposits in August

Several hundred euro banknotes stacked by value. Euro money concept. Rolls Euro banknotes. Euro currency. Announced cancellation of five hundred euro banknotes. Banknotes stacked on each other in different positions. Toned photo.

Ljubljana – Slovenia’s largest banks, NLB and NKBM, have announced they will stop charging negative interest rates on large deposits on the accounts of individuals and legal entities starting from 1 August, after the ECB raised its key interest rates on Thursday. Smaller banks are taking similar measures as well. “Following the decision by the Governing Council of the European Central Bank to raise key interest rates in the euro zone by 0.5 percentage points, NLB has taken a decision to stop charging compensation for high balances on accounts and…

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