Cyprus & World News

RATES: Bank of Cyprus cuts interest on loans by 25bps

30 July, 2014

Bank of Cyprus announced Wednesday that it will reduce all debit interest base rates from August 4 by 0.25 percentage points, as follows:
Base rates from 5.25% to 5.00%;
Base rates for housing loans from 3.50% to 3.25%;
Base rates for business loans from 4.25% to 4.00%.
The rates will apply to 38,000 housing loans, 77,000 current accounts and 200,000 other personal/business loans.