![](https://thepressproject.gr/app/uploads/2021/06/21_01_20180111_kt_0757_sooc1516003464.jpg)
According to ECB data, Greek systemically important banks derive 79.2% of their income from net interest – the difference between the interest they pay to depositors and the interest they collect on loans. This contrasts sharply with the eurozone average, where net interest income constitutes 60.5% of banks’ earnings.
This disparity implies that if Greek banks aligned with the eurozone average, they would offer depositors significantly higher interest rates, potentially amounting to at least €1.5 billion more per year based on data from the past two years.
______________________________________________
Are you seeking news from Greece presented from a progressive, non-mainstream perspective? Subscribe monthly or annually to support TPP International in delivering independent reporting in English. Don’t let Greek progressive voices fade.
Make sure to reference “TPP International” and your order number as the reason for payment.