Following the European Central Bank’s recent cut in its main refinancing rate by 0.1 per cent, APS Bank said it was reducing its own base rate accordingly.

On July 1, the bank’s base rate will go down from 2.35 per cent to 2.25 per cent for both commercial and personal borrowers.

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, it said.

The bank said that, for the time being, it is leaving all deposit interest rates unchanged.