In a highly inflationary context, a 2% “tariff shield” has been implemented by all banking establishments. Some go further than the agreement reached with the government.
Banks, too, are making efforts. As inflation is expected to reach, according to government forecasts, 4.2% in 2023, and that it was 5.8% in August, according to the INSEE estimate, the question of bank tariffs, which weighs on the purchasing power of households, was under discussion with Bercy. Following a meeting with industry representatives on Tuesday, Economy Minister Bruno Le Maire announced that French banks have committed to limiting the increase in their fees to 2% in 2023. "There was an energy shield, we put in place a shield on bank charges“, had specified the boss of Bercy.
The French Banking Federation (FBF) had also indicated that Bruno Le Maire "wished that some French banks freeze their bank rates for the year 2023." And to add that"It is up to each bank on the FBF's executive committee to make its decisions, in compliance with competition law." Message that was perfectly received by some establishments. Four banks have so far indicated that they will freeze their rates: La Banque Postale, BNP Paribas, Crédit Coopératif, and LCL.
219.90 euros on average in 2022
“Inflation is high today and businesses have been asked to help moderate it. In this context, BNP Paribas has decided to freeze its bank rates for its individual customers for the year 2023”, writes BNP Paribas in a press release. "As a bank committed to serving social and environmental transitions, we wish to go further and are today announcing the freezing of the prices of our products for our individual customers for 2023.», Specifies, for his part, Benoît Catel, Managing Director of Crédit Coopératif. According to the study carried out by the comparator Panorabanques, bank charges increased further in 2022, after two years of very moderate increases, to reach an average of 219.90 euros per year, i.e. 1.5% more than in 2021.