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Bill on Banks' Package of Services Passed to Second Reading
Tuesday 02 February 2010 Zoom in | Print page
Bratislava, February 2 (TASR) - Slovak banks will probably have to introduce a new product in their portfolios - a package of basic services for "ordinary clients" that would be identical at all banks, according to a law proposal on consumer credit that was passed to second reading by Parliament on Tuesday.
According to the Finance Ministry, which has proposed the initiative, the law is intended to make it easy for people to compare banks and provide easy access to current accounts. Finance Minister Jan Pociatek said he expects that the introduction of the products will reduce the prices of bank products on the market, as the package will be standardised.
Pociatek didn't even rule out setting a maximum charge limit for the package by law. "We aren't planning that for now, but we'll see how it develops," he said following the Government's approval of the initiative on January 14.
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