HSBC changes euro base rate

HSBC Bank Malta plc has announced an increase in its euro base rate to 3.85 per cent, following the decision by the European Central Bank (ECB) to increase its rate by 0.25 per cent to 3.75 per cent. This new rate, effective immediately, applies on all...

HSBC Bank Malta plc has announced an increase in its euro base rate to 3.85 per cent, following the decision by the European Central Bank (ECB) to increase its rate by 0.25 per cent to 3.75 per cent.

This new rate, effective immediately, applies on all personal lending and commercial lending linked to the bank's euro base rate.

HSBC's euro base rate is consistently 0.10 per cent over the European Central Bank reference rate and provides a stable base rate compared to the alternative market rate of three- or six-month Euribor which fluctuates daily and is currently 22 basis points and 35 basis points respectively over the ECB rate.

More information is available from any HSBC Bank Malta branch in Malta and Gozo or by calling HSBC Customer Service on tel. 2380-2380.

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