Greek banks freeze plans to raise commission charges

Greek banks will freeze plans to further raise commission charges from November 1 for a number of services offered through ATMs, government sources said on Thursday.

National Bank will freeze a number of charges it had announced, such as a 15 cent charge on account reports from ATMs, banking sources said.

Prime Minister Kyriakos Mitsotakis, in a recent meeting with representatives of Hellenic Bank Association, had asked banks to cancel plans to increase commission charges for a series of banking services.

On Thursday, Development and Investments Minister Adonis Georgiadis sent a strong message to the four systemic banks, stressing that the government will not allow any irrational and excessive charges and warning that the Competition Authority will review the matter and impose heavy fines in case of harmonized practices in the market.