That is unfortunately not correct either. Sparkassen and cooperatives also refinance (negatively) externally. I work at one of these "refinanciers".That is unfortunately not correct. This only concerns banks that can refinance externally. Volksbanken and Sparkassen practically calculate with a cost of zero since they already have the liquidity in-house. Therefore, their own loans, not those brokered, are not quite as cheap.
I know, I work at one of the largest banks in Germany and lead the project on the negative interest rate on loans
Savings banks and cooperatives also refinance themselves (negatively) externally.
I implemented this strictly for the first institutions on the asset side in November. Unfortunately, the savings banks are dragging their feet here... But some commercial banks still have even bigger problems.you are quite late! it's already common practice among commercial banks!
I cannot confirm that. Large institutions have been dealing with negative interest rates for a very long time. The interbank business, but also, for example, municipal transactions. Half of NRW still receives interest for borrowing money.I have finalized this for the first institutes for the asset side in November. Unfortunately, the savings banks are the brakes here... But some commercial banks have even bigger problems here.
We should stop here. Obviously, you are working in the same industry as I am. And we should be careful not to disclose any insider information.I cannot confirm that. Large banks have been operating with negative interest rates for a very long time. The interbank business, but also, for example, municipal transactions. Half of NRW still receives interest for borrowing money