lowered The ZKB has in the case of individual customers, the threshold for negative interest rates on CHF 100'000. Why?
The presented case is an isolated incident. If the reader would know the customer and know what job he works and what he has said in the consultation, then they would ask why this customer has a free amount. It is not the policy of the ZKB to collect 100'000 Swiss franc negative interest rates. I would like to apologize to all customers who have been confused by the reporting.
We know of two customers, the numbers of 100'000 Swiss franc negative interest rates. More than the two it is?
If there are others that I do not know. The Bank's policy is clear. We are focused on long-term customer relationships, therefore, it gives us for 150 years. The theme of the free boundary is an individual question. An example: When a customer went to the post-Finance, because he got better interest rates, and want to get back to us, it is clear that we treat him any differently than our regular customers. If it is only for the Parking of liquidity, it may be that there are other cases.
And how many customers pay interest Negative?
As they have been introduced in 2015, were affected with us for around 600 customers. Now it is clear that the negative interest rates will remain for a long time. Therefore, all institutions tighten up their regime, we also. The result is that a lot of money between the banks and herfliesst. Currently, approximately 2000 to pay up to 2500 of our customers negative interest rates. However, we have a total of a Million customers. You see, only a fraction is concerned, there is no reason to be worried.
not because of this agitation, therefore, that it is unclear who must pay, when and punitive interest rates?
The published limits help only the comparison of services and create a Pseudo-transparency. I can give you in the case of all banks, with the well-known limits in x the exception cases. What is the use of published limits, if there are behind hundreds of exceptions?
so, If tomorrow a customer comes in with a six-digit amount that he just wants to Park, then negative interest rates will be upwards of 100'000 francs to be paid?
no, there is no limit at 100'000 Swiss francs. The may under certain circumstances, even at zero francs.
But for many years, ZKB customer who has a pillar 3a account and maybe a mortgage and want to make a Deposit of 100 000 Swiss francs, which will be spared?
Yes, and you can also have a Million in the account.
"Should intensify, the Central Bank negative interest rates, we must once again about the books."
But you have lowered the Thresholds in section, Yes. When must make the small savers Worry?
The must all with no Worries. Ensure it should be more about the consequences of negative interest rates, such as for retirement.
Exacerbate the limits?
at The Moment, we plan no further tightening. The Central Bank should tighten, but your negative interest rates, we must once again about the books.
Why the rule tightening? The SNB has increased the exemption amounts for banks?
This has brought us only a marginal relief.
do you Share the criticism of the SNB's monetary policy?
With the introduction of negative interest rates it was to receive the Export and tourist industry competitive. It worked. Now, some years later, we see the negative consequences of negative interest rates. We have a misallocation of Investments in the real estate market, an under supply of residential property and Worry about the pension. We, the banks want on these aspects will be discussed.
the risks in the real estate sector by the recent regulation under control?
The first self-regulation related to the residential property. There, the dangers are banned. With the effect that we have here now is an under supply. Promoters sell better multi-family houses to an Investor, as a to look for ten dwellings per buyer. Therefore, many of the rental and the property to be built apartments. In addition, many rental apartments will be built in the wrong place. And the risks.
Where are these empty homes?
In regions such as the Mediterranean country, or Solothurn, and Bern rental properties are no longer blank. In Zurich, the vacancy is minimst continue.
are you for twelve years at the top of the Bank. How long will you stay?
I have joy every day, and much. But logically, I'm going to leave the Bank. As for all the members of the Executive management there is also, for me, a succession planning.
The Bank's chief should be able to put together his Team. Should therefore point out to you the beginning?
This remains a mystery. The composition of the Executive Board is also not my task but that of the Bank Council.
"We must consider whether our fees fit."
when is the first woman in the Executive Board?
In the case of any renewal were women among the candidates, at the end of has been chosen but not for others. The selection is not easy: The candidate must have in-depth banking knowledge and English can. Women from the Anglo-Saxon world, can be avoided.
What will you do in the next ten years, with the ZKB?
Fintechs pose challenges. How we need to align our supply and sales new? Voices of the prices? In such questions we need to be brave.
The Online provider Revolut wins fast-customers.
you will also since a few weeks also so easy a customer as in the case of Revolut. But the fees we have to consider is actually whether or not they still fit. We will submit the maps never free, but must be cheaper.
In the case of foreign fees, the difference is huge.
This is a topic that we need to solve.
is the branches to die?
In larger locations, we will change nothing. Then we have a small service center, where we offer no advice. These are no longer in the long term. Here, there will be further closures. But we also build new branches. In Stettbach or in the planned University district.
How many people in the service center drop off?
The number is in the single-digit range.
Created: 07.12.2019, 07:23 PM