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 www.jornaldenegocios.pt.

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