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VOLKSBANK CONTINUES ATTRACTIVE LOAN OFFERS
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15 February 2010
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Following the first monthly ECB meeting for the year 2010, the European Central Bank has once more retained its Main Refinancing Operation (MRO) unchanged at 1%. Euribor rates remained pegged at practically the same level with the one month Euribor at less than 0.5%.
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Jeanette Gatt, Front Office Manager of Volksbank Malta Limited, noted that the last rate cut by the ECB was effected in May 2009. “We have always maintained our debit interest rates pegged to International market and this has made borrowings from Volksbank extremely attractive. We remain committed to retain our debit interest rates linked to the Euribor and continue to identify suitable lending business opportunities in order to give our share of contribution towards the growth of the local economy”. |
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