BoV and APS banks reduce lending rates
Bank of Valletta and APS Bank have adjusted their lending rates as a result of the decision of the European Central Bank to decrease by 50 basis points to two per cent the interest rate on the main refinancing operations of the eurosystem. BoV has...
Bank of Valletta and APS Bank have adjusted their lending rates as a result of the decision of the European Central Bank to decrease by 50 basis points to two per cent the interest rate on the main refinancing operations of the eurosystem.
BoV has reduced its interest rates to all borrowing customers by 50 basis points. This reduces the lending base rate to 2.45 per cent, while the rate extended to the manufacturing industry now stands at 2.35 per cent. The bank's mortgage base rate has also been reduced to a competitive 2.15 per cent.
Interest rates on credit accounts are also being revised downwards. However the named savings rate has only been reduced by 35 basis points.
Further details may be obtained from any BOV Branch, on www.bov.com, or from the Bank's Customer Service Centre on 2131 2020.
APS Bank has fixed its base rate at 2.35 per cent and interest rates on loans and advances are being reduced accordingly. Interest rates on deposits will be available from the bank's branches and from its website: www.apsbank. com.mt.
For more information one may contact the Bank's Customer Support Centre on 2122 6644 or by e-mail on csc@apsbank.com.mt.
BoV has reduced its interest rates to all borrowing customers by 50 basis points. This reduces the lending base rate to 2.45 per cent, while the rate extended to the manufacturing industry now stands at 2.35 per cent. The bank's mortgage base rate has also been reduced to a competitive 2.15 per cent.
Interest rates on credit accounts are also being revised downwards. However the named savings rate has only been reduced by 35 basis points.
Further details may be obtained from any BOV Branch, on www.bov.com, or from the Bank's Customer Service Centre on 2131 2020.
APS Bank has fixed its base rate at 2.35 per cent and interest rates on loans and advances are being reduced accordingly. Interest rates on deposits will be available from the bank's branches and from its website: www.apsbank. com.mt.
For more information one may contact the Bank's Customer Support Centre on 2122 6644 or by e-mail on csc@apsbank.com.mt.