Hellenic Bank announces new reduction in reference interest rate for loans linked to the ECB's base rate

12:04 - 04 February 2025

Financial Services Reporter

Hellenic Bank, noting it was responding to the latest interest rate cut by the European Central Bank (ECB), has announced that the reference interest rate for loans linked to the ECB's Base Rate will decrease by 0.25%, from 3.15% to 2.90%, effective from 5 February, 2025.

This reduction also affects loan interest rates linked to interbank Euribor rates, benefiting more than 6,000 borrowers, a bank press release said.

It is also worth noting that Hellenic Bank recently reduced its base rate by 0.21%, bringing it down to 1.91%. "This reduction positively impacts over 90,000 borrowers, including individuals and businesses, helping them better manage their borrowing costs," the bank's announcement said.

Hellenic Bank continues to offer a fixed-rate mortgage loan of 2.95% for the first three years or 3.10% for the first five years of the loan agreement, along with a comprehensive package of extended benefits for those seeking to purchase their first home.

This product is part of Hellenic Bank’s exclusive My Home Rewards programme, which enables customers to acquire their own home under affordable financial terms while benefiting from combined advantages.

"This broad and innovative rewards programme offers an immediate cash rebate of up to €2,000 to customers who choose a mortgage loan from Hellenic Bank for furnishing and equipping their home through affiliated merchants," Hellenic Bank said.

Hellenic Bank announces new reduction in reference interest rate for loans linked to the ECB's base rate

News Feed

Read More