BOV increases its base rate to 4.25%
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The 
Bank of Valletta has reacted to the decision of the European Central Bank and announced that it will also be increasing its Bank Base Rate to 4.25% with effect from 7th July 2008
The Bank referred to its decision announced on the 28th December 2007 that, with effect from the 1st January 2008 and until further notice, it was adopting the ECB refinancing rate as its Base Rate and said that the increase being announced today reflected this policy.
With effect from 7th July 2008, the interest rates on euro denominated Savings and Term deposit accounts will increase by 0.25% p.a. Similarly, debit interest rates on loans and overdrafts, as well as on credit cards will be revised upwards by 0.25% p.a. with effect from the same date.
Further details may be obtained from any BOV branch, the Bank's website www.bov.com or from BOV's Customer Service Centre on telephone 2131 2020.
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