The Central Bank has agreed with banks capped at 10% for services increase

January 17, 2013
________________________________________________________

Central Bank President Mercedes Marco del Pont agreed on Thursday to put a cap of 10 percent for increased services provided by financial institutions, in a meeting with industry representatives.

The meeting officials confirmed that over 60% of the savings associated with debit and ATM transactions will have no cost.

It was included in this segment pay accounts, retirement accounts, the universal free account and those that are channelled by social plans.

For the rest of the accounts, it was agreed at the meeting that this year only 10% will increase to services and commodities, when entities sought an increase of 25%.