Hellenic Bank has announced a reduction in its base interest rate by 0.21%, from 2.12% to 1.91%, effective November 18, 2024. This reduction positively impacts over 90,000 of the bank’s borrowers, contributing to better management of borrowing costs for households and businesses, while also supporting economic growth.

Additionally, following the European Central Bank’s (ECB) recent decision to lower its key interest rates, Hellenic Bank had already reduced its reference rates for loans linked to ECB rates from 3.65% to 3.40%, effective October 23, 2024. As a result of this adjustment, interest rates on loans tied to interbank rates such as Euribor have also decreased, benefiting approximately 6,000 borrowers, including individuals and businesses, by lowering financing costs.

Hellenic Bank is entering a new era of growth while remaining committed to supporting its customers and the local economy. It continues to offer competitive solutions for both individuals and businesses, demonstrating its dedication to fostering economic development.