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Economy

Greek Banks Want to Sell Off Money-Losing Off-Site ATMS 

September 23, 2022

ATHENS – Greek bank ATMs not at bank branches could be sold off because of the high cost of maintaining them, which could leave people in remote regions without access to cash or having to pay higher fees.

The potential sale was being considered, said Kathimerini, of off-site ATMS not at bank branches, those in places such as department stores, supermarkets, big retail businesses like IKEA, and also areas in Greece without banks.

Some off-site ATMS are profitable, especially in busy commercial areas with high foot traffic and tourists, such as hotels and metro stations but many in spots such as municipal buildings and hospitals don’t make the banks enough money.

It wasn’t said if the New Democracy government would require ATMS to be kept in remote areas or how people in those regions would get money without them although it’s likely keeping them there would bring higher fees to use them, the report said.

 

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