Following the European Central Bank’s recent cut in its main refinancing rate by 0.10 per cent, APS Bank is reducing its own base rate accordingly.

With effect from July 1, 2014, the bank’s base rate will go down from 2.35 per cent to 2.25 per cent and this will benefit all its borrowers, both commercial and personal. This base rate reduction, together with competitive interest rates offered on its Biz Plus Products, are expected to prove of particular support to the business sector.

For the time being APS Bank will be leaving all its deposit interest rates unchanged.