Banco Popular has taken the initiative once again, but this time with cash deposit interest rates that it is offering to its clients. The bank, led by Ángel Ron, has started to offer yields between 1.75% and 4% on savings deposit products, creating a before and after that other banks have already seconded.
The relaxation of the risk premium, improved financing forecasts and more flexible liquidity requirements that international supervisors are offering are the three reasons for the new rates. Popular, which was a potential Bankia up until a short time ago, has not only finished its capital campaign with success, but by increasing its value by 75%.
