Hellenic Bank on Monday announced a reduction of its key interest rate by 21 basis points, effective from November 14, 2024.
This move is expected to positively impact more than 90,000 borrowers across the island, the bank said.
The bank’s announcement confirmed that the base interest rate has been reduced from 2.12 per cent to 1.91 per cent.
“This development contributes directly to better management of borrowing costs for households
