Caspar2020
2017-05-23 08:31:51
- #1
Well, why e.g. Flatex does this is clear; at least simply put:
That's why loans are granted:
And apparently the customers are taking advantage:
We are regulatorily required to secure cash deposits through the deposit facility
However, we already took measures in 2016 to build a loan book and thus reduce these burdens
We also deliberately want to cleanse the customer base with the negative interest rate of those who only use our free depot and account for parking money and do not place or maintain securities orders or savings plans with Flatex.
That's why loans are granted:
Furthermore, the loan book is to be further expanded and to have a volume of around EUR 250 million by the end of the year. The expected net margin is between 300 and 400 basis points, so that an interest income of approx. EUR 7 million can be achieved
And apparently the customers are taking advantage:
Furthermore, by acquiring more than 25,000 new customers in the Securities Trading & Financial Services sector, sales as well as profits in this segment were increased. A novelty is also the introduction of the Flex Loan at Flatex, which, in addition to the general increase in the utilization of Lombard loans, has contributed to the expansion of the lending business and to additional interest income.