Public Banking Alliance write:
We pay over €170k (>60%) on top of the principle to the commercial banks for a mortgage on an ‘average’ price house. Compare that to €49k in Germany.
Germany has 70% Community/Public Banking. The Commercial Banks in Germany have only 12.5% of the market…
Kevin Byrne writes:
Irish banks charge customers the highest interest rates in Europe. ECB figures show that Irish banks are up to three times more profitable than Eurozone counterparts.
Average interest rate here is 3.2% compared to eurozone average of 1.9%. Businesses charged 5.1% compared to 2.3% Even after paying 42% of Europes banking crisis.