Archive for the ‘Loans’ Category
Good news for savers with the emergence of new savings products that pay better returns than with the previous offer. The recent creation of the innovative features launched by EVO Smart Bank will shake the status of savings products.
This week we have seen signs of slow improvement in market sentiment. The interbank risk premium has been relaxed to its lowest level since August, allowing the 12-month Euribor dropped to around 1.50%.
Moreover, the European bank deposits at the ECB have been significantly reduced following the increase that occurred after the last auction of debt within 3 years.
In addition, a Spanish bank has managed to market with an issue of long-term debt, something that happened almost a year. This time was the Banco Santander which has placed 1,000 million euros in senior debt to 5 years.
The market for banking products has joined the good news. First, this week the major banks and building societies have announced their adherence to the Code of Banking Practice was approved last week by the Government.
Moreover, at last, savers have had some joy, after weeks of monotony punctuated by announcements of reductions in yields deposits and accounts. This week, however, the new 30 anniversary of Bank Deposit Mediolanum manages to beat their competitors and offer the best return on the market. The new EVO Smart Bank Account has been the other product of the week. Faced with these movements, the peace remains installed in the market for mortgages and personal loans.