Following the recent decision taken by the European Central Bank to reduce its refinancing rate by 50 basis points, APS Bank has fixed its Base Rate at 3.95 per cent

This new Base Rate will come into effect on 1 November, when interest rates on loans and advances will be reduced accordingly. Interest rates on deposits will be available from the bank’s branches and from its website www.apsbank. com. mt.

In view of the current global financial situation, APS Bank will be monitoring the new Base Rate closely.