Following the recent decision taken by the European Central Bank (ECB) to reduce its refinancing rate by 50 basis points, APS Bank has fixed its base rate at 3.95%.

This new base rate will come into effect on the 1st of November 2008, when interest rates on loans and advances will be reduced accordingly. Interest rates on deposits will be available from the bank’s branches and from its website.

In view of the current global financial situation, APS Bank said it will be monitoring this new base rate closely.

For more information you may contact the Bank’s Customer Support Centre on tel. no. 2122 6644 or by email on csc@apsbank.com.mt.

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