Search This Blog

Monday, January 30, 2012

American Banks Can Learn A lot From French Banks.


A 375-year-old French bank has decided to forgive the debts of its poorest customers, Good.is reports.

The Crédit Municipal de Paris, a Parisian institution that offers small, low-interest loans against inexpensive valuables, has announced a one-time cancelation of the debts of some 3,500 customers who owed the bank 150 euros (about $190) or less. The announcement marks the bank's 375th anniversary.

A PR stunt? Maybe. But that isn't stopping thousands of customers from celebrating an unexpected windfall.
"It was nice, I have recovered it all," Lina, a young mother, told Europe1. In May, Lina had borrowed 120 euros by pawning her jewelry.





Read More http://www.huffingtonpost.com/2012/01/30/french-bank-credit-munici_n_1241986.html?ncid=edlinkusaolp00000003


No comments:

Post a Comment