Category: Financial News

28 Jan, 2009

Malta and Cyprus to receive €20 million

The European Commission has proposed that Malta and Cyprus should receive €20 million under the small isolated island initiatives. This will be allocated as part of a €5 billion new investment in energy and Internet broadband infrastructure

Full ECB rate cut reflected in BOV lending rates

Financial News

23 Jan, 2009

Full ECB rate cut reflected in BOV lending rates

Following last week’s announcement by the European Central Bank (ECB), the Bank of Valletta has reduced its interest rates to all borrowing customers by 50 basis points.

This reduces the lending base rate to 2.45%

Financial News

23 Jan, 2009

AD urges banks to pass on interest rate cut

Arnold Cassola, Alternattiva Demokratika – The Green Party Chairperson, urged banks operating in Malta to pass immediately and...

Retail Price Index increases to 119.12 from 118.97

Financial News

22 Jan, 2009

Retail Price Index increases to 119.12 from 118.97

In December, the Retail Price Index went up by 0.13 per cent, from 118.97 to 119.12. This primarily reflected an increase of 1.93 per cent in the Food Index, mainly on account of higher prices of vegetables and fruit.

HSBC to pass on full interest rate cut to borrowers

Financial News

19 Jan, 2009

HSBC to pass on full interest rate cut to borrowers

HSBC Bank Malta has announced that following the recent decision by the European Central Bank (ECB) to reduce interest rates by 50 basis points, it has decided to pass on the full rate reduction to its borrowing customers.

Financial News

19 Jan, 2009

BOV offer 4% Euro term deposit account

BOV have announced that they are launching a new, term deposit account denominated in euro, with a highly attractive rate of interest of 4% per annum. Customers can deposit their funds, starting from a minimum deposit amount of €5,000