Greece plans lower bank fees for retail customers

The Greek government is working on a plan to reduce bank fees and charges for retail transactions, to help households cope with high cost of living, the country's finance minister said on Wednesday.

Greek lenders are recovering after three rounds of recapitalizations worth a cumulative 45 billion euros and a round of nationalization after the country was rocked by a financial crisis in the previous decade.

"With the government's planned interventions bank fees will be considerably lower from 2025," said Kostis Hatzidakis referring to daily transactions at ATMs and through e-banking.

Hatzidakis, who was addressing Greek lawmakers in a debate on 2025 state budget, said more details of the government's plans will be announced on Sunday.

The four major Greek banks have reduced their non performing loan ratio to below 6%, from 45% in 2017, and achieved...