APS cuts interest rates

APS Bank has reduced its base rate to 2.35 per cent following the European Central Bank's decision to decrease its refinancing rate by 50 basis points last week. Coming into effect today, interest rates on loans and advances will be reduced...

APS Bank has reduced its base rate to 2.35 per cent following the European Central Bank's decision to decrease its refinancing rate by 50 basis points last week.

Coming into effect today, interest rates on loans and advances will be reduced accordingly.

Both HSBC and Bank of Valletta have cut their rates after the ECB decision.

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