5 Minute News

Interest Rate Reduction Announced by the Greek Bank for Loans

February 4, 2025

The Greek Bank announced a reduction in the reference interest rate for loans linked to the ECB's Base Rate by 0.25%, decreasing it to 2.90% effective February 5, 2025. This reduction will benefit over 6,000 borrowers and positively impact more than 90,000 borrowers in managing their loan costs. The bank also offers reduced rates for mortgage loans along with a rewards program for home purchases. The My Home Rewards program enables customers to acquire their homes under favorable financial conditions.