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SGKB has seen growth in corporate clients, with some new customers shifting from larger banks. The upcoming Swiss National Bank assessment may lead to lower interest rates for savings accounts, as falling capital market rates are already making mortgages and loans cheaper. While negative interest rates are a consideration, the bank's leadership believes they are undesirable for the economy.
St. Galler Kantonalbank (SGKB) is experiencing growth, with new customers likely shifting from larger banks. The upcoming Swiss National Bank assessment may lead to lower interest rates for savings accounts, as capital market rates decline, making loans cheaper but pressuring savings rates. SGKB is also considering the possibility of negative interest rates, though the bank's head believes they are undesirable for the economy.
St. Galler Kantonalbank (SGKB) has seen growth in corporate clients, with some new customers shifting from larger banks. The upcoming Swiss National Bank assessment may lead to lower interest rates for savings accounts, as capital market rates decline, making loans cheaper. SGKB is also considering the implications of negative interest rates, which the bank believes are undesirable for the economy.
Alica Schmidt
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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