In what check of programs of express crediting will result?
Not so long ago it became known, that the Office of Public Prosecutor has started to check some banks which are engaged express crediting. For what exactly do they search?
Officially it sounds so: the Office of Public Prosecutor checks, whether the rights of citizens are broken at delivery of consumer credits. Representatives of banks are afraid of that cancellation of penal sanctions and other commissions concerning borrowers can become a possible consequence of such checks. For consumers it can turn back increase of credit rates. Why? Because it is cost of credits for banks will increase.
Even if all banks will refuse the commissions and will offer the minimum rates they cannot long keep in the market. All problem that banks cannot receive credits with such rates and finally can offer nothing to the clients. Banks will raise rates and whereas additional receipts from the commissions made a certain share of profit of banks. Now this profit does not become and it is necessary to provide profitableness with other ways.
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This entry was posted on Thursday, August 23, 2007 at 4:30 пп and is filed under About credits in general.