Alpha Bank adjusts interest rates of loans and deposits.
Specifically:
- Interest rates of the new consumer loans, through the Bank’s Branch Network, are reduced by 25 bps (0.25%).
- Deposit interest rates of “Alpha Save Smart”, “Alpha Savings”, “Alpha Savings Plus”, “Alpha Payroll”, “Alpha 1|2|3 Youth Line”, “Alpha Double”, “Alpha Payroll Savings” accounts will be reduced by 0.02% on a weighted average basis.
The new lower rates for deposits and consumer loans will be effective on December 16, 2019, except for the new deposit rate of “Alpha Save Smart” account which will apply as of January 1, 2020.
Moreover, it is noted that on October 2, 2019, Αlpha Bank made a significant reduction in the new housing loans interest rates by approximately 40 bps (0.40%) on a weighted average basis, introducing new fixed interest rates programs with improved financing terms.
