Just to let you know, Hellenic Bank will be cutting its base interest rate from 1.75% to 1.42% with effect from 16 May 2025.
The management of the financial institution recently announced this.
The bank is expecting more than 90,000 customers, including individuals and businesses, to benefit. The decision to lower the base interest rate was made as part of Hellenic Bank's strategy to support consumers and stimulate the real economy. The new rate should help to ease the debt burden on households and businesses. At the same time, this initiative will make credit management easier and encourage economic activity in the country.
This new reduction follows the bank's earlier decision to cut the base interest rate on loans linked to European Central Bank (ECB) rates from 2.65% to 2.40% as of 23 April 2025. On top of that, there's been a previous cut in rates on loans linked to the Euribor interbank interest rate. This change has been good news for over 6,000 borrowers, both individuals and companies, whose loans are linked to Euribor or the ECB base rate.
Hellenic Bank's press release says that the new rate cut was made possible by the bank's strengthened position as part of the Eurobank Group.
Being part of one of Europe's biggest financial holding companies lets Hellenic Bank come up with more competitive banking solutions while keeping its focus on customer needs and supporting the real economy.
The bank said in a statement that they're still committed to their customers by doing things that help people and businesses have more money, and that they're moving into a new era of banking.
So, the cut to Hellenic Bank's base interest rate will help to:
- We're working on a way to make monthly loan payments easier for our customers.
- We should do our best to make things a bit easier for families when it comes to mortgages and other financial stuff.
- We should look into ways to make financing easier for small and medium-sized businesses.
- We need to make sure we've got a good selection of new loan products for our new customers.
For a lot of people, this isn't just a drop in numbers — it's a real chance to reallocate family or company budgets, invest in development, education, housing or business modernisation.