BOV hikes interest rates

Bank of Valletta is to push up its interest rates by 0.25 per cent from tomorrow, following a decision by the Central Bank to increase its central intervention rate by the same percentage. BOV said interest rates on all loans and overdrafts denominated...

Bank of Valletta is to push up its interest rates by 0.25 per cent from tomorrow, following a decision by the Central Bank to increase its central intervention rate by the same percentage.

BOV said interest rates on all loans and overdrafts denominated in Maltese liri that are linked to the base rate will increase by 0.25 per cent.

The interest rate on credit cards will go up by 0.50 per cent, with effect from the first statement issued after Thursday.

From tomorrow, BOV will also raise the interest rates payable on all Lm deposit accounts by 0.25 per cent.

Full details of interest rates payable on deposit accounts are available at www.bov.com

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