Positive Money Europe | Unveiling banks’ billions in profits in 2023 @PositiveMoneyEurope | Uploaded 10 months ago | Updated 2 hours ago
📈 Are banks making billions in windfall profits? WATCH THE VIDEO!
🔍 In this eye-opening video, we examine how the ECB's deposit facility rate, now at a staggering 4% – the highest since the euro's inception in 1999 – translates into substantial billions in profits for banks. Meanwhile, people are grappling with mounting expenses and mortgages.
💡 But here's the twist: are these banks passing on the benefits of high interest rates to their customers? Not at all! Instead, they're channelling these profits to shareholders through dividends.
🌍 How can all this be changed? Read more in our explainer blog!
https://www.positivemoney.eu/2023/11/how-banks-are-making-billions-thanks-to-ecb-rate-hikes/
🌟 Stay informed! Don't forget to like, share and subscribe for more insights into the world of money and central banking.
#BankProfits2023 #ECBInterestRates #FinancialInsights #MonetaryPolicy #money #centralbank #ecb
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💥 Get involved!
https://www.positivemoney.eu/get-involved/
➡️ More about us
https://www.positivemoney.eu/about-us/
💬 Follow the campaign:
http://positivemoney.eu/
https://www.facebook.com/PositiveMone...
twitter.com/PositiveMoneyEU
📈 Are banks making billions in windfall profits? WATCH THE VIDEO!
🔍 In this eye-opening video, we examine how the ECB's deposit facility rate, now at a staggering 4% – the highest since the euro's inception in 1999 – translates into substantial billions in profits for banks. Meanwhile, people are grappling with mounting expenses and mortgages.
💡 But here's the twist: are these banks passing on the benefits of high interest rates to their customers? Not at all! Instead, they're channelling these profits to shareholders through dividends.
🌍 How can all this be changed? Read more in our explainer blog!
https://www.positivemoney.eu/2023/11/how-banks-are-making-billions-thanks-to-ecb-rate-hikes/
🌟 Stay informed! Don't forget to like, share and subscribe for more insights into the world of money and central banking.
#BankProfits2023 #ECBInterestRates #FinancialInsights #MonetaryPolicy #money #centralbank #ecb
---
🔔 SUBSCRIBE FOR MORE VIDEOS! youtube.com/@PositiveMoneyEurope?sub_confirmation=1
💥 Get involved!
https://www.positivemoney.eu/get-involved/
➡️ More about us
https://www.positivemoney.eu/about-us/
💬 Follow the campaign:
http://positivemoney.eu/
https://www.facebook.com/PositiveMone...
twitter.com/PositiveMoneyEU
