Monday, February 17, 2003

Debts on current accounts...

..are a real profit maker for banks. Het Financieele Dagblad reports that consumer credit in the Netherlands has increased with 3 % to 16,4 billion euro. Two thirds (10,3 billion euro) is the regular consumer credit, the remaining third is actualy debt on current accounts (6,1 billion). Credit card debt (mostly 4 months outstanding) amounts to 820 million euro.

Source: CBS.