Banks Offer 3.9 Percent Loans
The article discusses the increasing competitiveness among banks to attract customers by offering loans with low interest rates of up to 3.9%, which are close to their own funding costs that approach 3.5%. The narrow margin of just 0.4% between the banking interest rate and the cost of funds reflects a banking war targeted at specific customers, especially employees in major sectors and privileged clients. Bankers aim to build long-term relationships with clients through structured loan arrangements and guaranteed regular liquidity to strengthen their market share, with expectations of higher credit demand in the future. This competition leads to a reduction in loan interest rates beyond the permissible interest rate ceiling and encourages banks to open a "rate exchange" to offer preferential rates to certain clients, with the goal of boosting competitiveness and flexibility within the banking market.
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