The financial authorities announced an improvement plan that embodies the president's promise to expand disclosure of the difference in interest rates between deposits and loans.
First, so that consumers can compare the loan-to-deposit interest rate differences of all banks at a glance, we have disclosed on the website of the Federation of Banks, and made it possible for consumers to check the loan interest rate that matches their credit score, not the bank's own rating.
The disclosure cycle will also be shortened from three months to one month.
Financial authorities said they would line up each bank in this way to induce competition for interest rate cuts.