Bank raises euro rate

HSBC Bank Malta plc has announced an increase in its euro base rate to 3.35 per cent.

The new rate, which followed the European Central Bank's decision to increase its rate by 0.25 per cent, applies on all personal lending and commercial lending linked to the bank's euro base rate. HSBC's Euro Base Rate provides a stable base rate compared to the alternative market rate of three or six-month Euribor, which fluctuates on a daily basis. More information is available from any HSBC Bank Malta branch or by calling Customer Service on 2380 2380.