Interest Rate Reduction on Loans by the Greek Bank
December 16, 2024
The Greek Bank announced a decrease in the interest rate for loans linked to the ECB's Key Interest Rate, dropping from 3.40% to 3.15%, effective from December 2024. This reduction will benefit over 6,000 borrowers, providing financial relief. Additionally, the bank introduced a new fixed-rate mortgage loan at 2.95%. These moves aim to promote the growth of the Cypriot economy and the well-being of society.