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Turn low interest rates into investment (2)

President speaks on 92nd 'World Savings Day' sponsored by ACRI

Redazione Ansa

(ANSA) - Rome, October 27 - Italian President Sergio Mattarella on Thursday said banking institutions and personnel should direct their efforts towards transforming the low interest rates on savings into investments. He was speaking on the occasion of the 92nd World Savings Day, sponsored in Italy by the Association for Savings Banks and Foundations (ACRI).
    "The anomalous scenario of financial earnings makes it more urgent than ever to ensure the safeguarding of savings," Mattarella said. The president went on to call for "transparency in informing" bank clients and the market on the ongoing process of consolidation in the sector.
   

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