The president of the Portuguese Association of Banks (APB) defended this Tuesday that banks have tried to make customers’ lives easier when it comes to renegotiating credit, “as far as possible”, but warns that “they cannot work miracles” .
Vítor Bento spoke at a parliamentary hearing at the Budget and Finance Commission (COF), in the context of a PSD request, regarding the performance of the banking sector in the commercialization or renegotiation of housing loans and the “misadjustment” of interest rates on term deposits given market conditions.
“With regard to renegotiating credit for struggling people and, of course, acknowledging that the rise in interest rates is creating difficulties for many families (…), all the information I have is that banks have always been more willing to work with them. customers to negotiate, making their lives as easy as possible”he claimed.
The chairman of the APB believes that “of course the banks cannot perform miracles either”.
Vítor Bento answered questions from Social Democratic deputy Rui Vilar about the position of the APB regarding the renegotiation of credit agreements.
“Banks are subject to a set of rules from an economic regulation point of view, from a banking supervision point of view, which they have to respect and which are entities that have to generate results in order to survive”said the head of the APB, adding that it was preferable “banks are profitable, then banks should be helped by whoever”.
He defended that too “it is in the interests of banks that their customers have the best chance of meeting their credit obligations”.
Source: DN
