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HB cut rates by 0.25%

16/04/2013 14:44
Hellenic Bank announced a cut in its lending rates by 0.25% from April 17.

The base rate of the bank is cut from 5.75% to 5.50% and the base interest rate of business loans to 4.50% from 4.75%. Also, the base rate of business overdraft is reduced to 4.50% from 4.75%, the basic rate of mortgage to 4.15% from 4.40% and the prime rate mortgage (linked to the older base rate of the bank) to 5% from 5.25%.

"Hellenic Bank continues actively and decisively to contribute to the restart of the economy. It decided to cut key lending rates, contributing to address the economic crisis and to relieve businesses and households”, said the announcement.

The interest rates cuts concern existing and new facilities.

"Hellenic Bank will continue to monitor developments and will intervene actively in order to facilitate the objective of developing and doing business”, it stressed.