While resentment among savers is growing over the low interest rate on the savings book, banks are publishing mega profits thanks to the high interest rate. What’s going on? KBC made a profit of 882 million euros in the first three months of 2023, the bank-insurer communicated this week. This is almost twice as much as in the first quarter of last year, when a profit of 452 million euros was recorded. KBC is not the only bank making huge profits these days. France’S BNP Paribas, the largest bank in…
Read MoreBanks post monster profits, savers look for alternatives
