Paulo Macedo: There will no longer be any increase in commissions at Caixa Geral de Depósitos – Empresas

The president of Caixa Geral de Depósitos (CGD) sees low profitability as one of the biggest challenges in the banking sector. But the solution, he says, has to go through cutting the transaction costs, as customers are not available to pay more commissions. And these, he guarantees, will not be increased again this year.

“When people react to commissions, what are they saying? They are saying that they are not available to pay the cost structures of banks”, says Paulo Macedo, in an interview with Negócios e Antena 1, which will be published in full this Monday, June 28th.

And he adds: “There will no longer be any increase in commissions at Caixa Geral de Depósitos. In fact, Caixa will continue, as it has been, to be the bank with the lowest commissions.”

Source: Jornal de Negócios by

*The article has been translated based on the content of Jornal de Negócios by If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!

*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.

*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!