2023-12-01 21:34:17
The measure was announced yesterday by Secretary of State for Consumer Protection Alexia Bertrand: banks will only be able to offer four different savings accounts, instead of the current six. The objective is to make life easier for consumers who sometimes have difficulty finding their way through bank offers. But in reality, the measure might well have little effect.
Litter did the calculation: barely a single bank, ING not to name it, might well be impacted by this decision. The others already respect the limit of four maximum savings accounts. In the Evening, on the front page, Test-Achat denounces “a status quo“.
Remember that the Belgian Competition Authority recently issued an opinion on the state of competition in the banking sector. And she denounced a situation of oligopoly, that is to say a market largely dominated by the four largest banks in the country. In this context, yesterday’s measure might do well.pschitt“.
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