Laiki bank decreased interest rates for cash and consumers credits – credits without currency clause soon

Laiki bank has significantly lowered interest rates for cash and consumers credits for the citizens which are approved with currency clause in euros. The rate is lower also for cash and consumers credits which are synchronized with the retail prices increase ratio.

Nominal interest rate for cash credits has been lowered from 17 to 13% on annual level (effective interest rate is 15,14%), while for consumers credits annual nominal interest rate is 12 (effective is 13,97%), instead of present 14%.

- With this decrease of interest rates we will continue to improve our offer for citizens. Soon we will introduce a new product – extremely low dinar credits without currency clause and without synchronization with the retail prices increase ratio – says Vladan Manic, member of IO Laiki bank.