The Association of Banks (ABL) has warned that the cost of deposits is rising at an unjustifiable rate, taking into consideration that there is sufficient liquidity available.
The ABL said in a statement that a very small number of banks are not abiding by a recommendation to keep interest rates stable. The ABL said these banks are putting the entire banking sector at risk and that they have been asked to commit to these requirements, if they do not, ABL will take appropriate measures.
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