Reforming Fee System Can Help Banks Grow

The new system for e-payment transaction fees has been well received by academia and experts who say it can help banks grow and develop much-needed modern infrastructure.
Albert Boghazian, an economic expert and university instructor, spoke of need to reform the banking fee mechanism and its impact, including fixing bank imbalances, in an interview with IBENA reporter. 
“The measure may not have a great impact on improving years of bank imbalances because they are largely due to loans that banks have paid but are unable recover on time. However, the positive feature of reforming the fee system should be seen in other areas, such as network infrastructure development and improving e-services,” Boghazian said.