Brief: Glarner Kantonalbank Will No Longer Charge Deposit Fee

Glarner Kantonalbank

17/06/2022 10:09

June 17 (Reuters) - Glarner Kantonalbank  GLKBN.S :
    * THE GLARNER KANTONALBANK (GLKB) IS REACTING TO THE
DECISION
COMMUNICATED YESTERDAY BY THE SWISS NATIONAL BANK (SNB) TO RAISE
THE SNB KEY INTEREST RATE BY HALF A PERCENTAGE POINT TO -0.25
PERCENT
    * GLKB WILL WAIVE THE CREDIT BALANCE FEE FOR ITS CUSTOMERS
AS OF
JULY 1, 2022
    * WITH ITS DECISION, THE SNB WANTS TO COUNTERACT RISING
INFLATION
    * FROM JULY 1, 2022, CUSTOMERS OF GLARNER KANTONALBANK WILL
NO
LONGER PAY A CREDIT BALANCE FEE FOR ACCOUNT BALANCES GREATER
THAN CHF 250,000
    * WILL NO LONGER CHARGE A DEPOSIT FEE

Source text for Eikon:  ID:nEQ5M53z3a 
Further company coverage:  GLKBN.S 

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