The transition to 2025 will not be without risk… Indeed, the BNP Paribas banks and the CIC will increase their prices for all their customers…
Inflation, which refers to the generalized and lasting increase in prices, has significant impacts on the economy and, in particular, on the banking sector. In 2025, several of them will display higher rates to customers.
Banks and inflation
When inflation accelerates, central banks, such as the ECB or the Fedgenerally adjust their monetary policies. And this is to contain the rise in prices.
This therefore implies an increase key rateswhich directly influences financial conditions. For banks, the rise in rates has mixed effects.
On the one hand, it leads to an increase in interest rates on loans. This can increase their profit margins and financial products, such as mortgage loans or consumer credit, become more expensive for customers.
This will therefore potentially improve the profitability of banks. Furthermore, the savers deposits bring in more money, which can attract new capital.
However, inflation therefore also affects banks in a negative way. A high interest rate environment can dampen demand for credit as individuals and businesses are reluctant to borrow at increased costs.
This situation can slow down economic activity and, consequently, reduce financing opportunities for banks. Additionally, rising prices affect borrowers’ ability to repay their debts.
A notable increase
This can also lead to an increase in payment defaults and provisions for risks. Which affected overall profitability.
In addition, the value of investment portfolios may therefore depreciate when THE rates increaseparticularly for bonds. This creates pressure on the liquidity and financial stability of banks.
In response, they must therefore strengthen their risk management strategies to remain resilient in the face of economic uncertainty. Thus, inflation complicates the banking environment, creating opportunities, but also notable challenges.
Moreover, the start of the year often means increased spending. Insurance, stamps, vehicle registration, transport tickets… Every January 1, many prices are revised, generally on the rise.
And this year, the mandatory bank fees that all customers must pay in France will be no exception. Already, as of January 1, 2024, all French banks had raised their prices, with an average increase of 2 to 3% on services.
Such as transfers, agios, bank cards and check books. Unfortunately, this trend continues in 2025, with a further increase expected across all establishments.
CIC, La Banque Postale… banks are increasing prices
La Banque Postale has therefore already announced price increases. And two others large banking groupsBNP Paribas and CIC, also revealed their future price lists.
These changes will affect 13.6 million customers: 8 million for BNP Paribas and 5.6 million for the CIC. At BNP Paribas, transfers made over the counter will now cost 4 euros, an increase of 50 cents (+14.29%).
Bank cards will also be more expensive. The Visa Electron will increase from 42 to 43.50 euros (+3.57%), the Visa Classic from 48 to 49.50 euros (+3.12%), the Visa Premier from 140 to 144 euros (+2.86 %), And the Infinite Visa from 337 to 347 euros (+2.97%).
Bundled offers, such as that Esprit Libre Reference and Esprit Libre Initiative for 18-25 year olds, will increase by 1.65% and 1.91% respectively. At the CIC, account maintenance fees will increase from 2.10 to 2.20 euros per month (+4.76%).
And the SMS alert package from 1.60 to 1.70 euros (+6.25%). The bank check will now cost 15 euros, or an increase of 7.14%.
Bank cards such as Visa Classic and la Mastercard standard will therefore increase from 46 to 47 euros (+2.17%). While the Visa Infinite will increase from 330 to 340 euros.
The Global Personal Contract will therefore increase by 6.37%, reaching 13.35 euros per month. However, some good news tempers these increases: free cash withdrawals in distributors Cash Services.
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