Bank of Åland Plc to Decrease Prime Rate
The Bank of Åland Plc (Ålandsbanken Abp) has decided to decrease its prime rate by 0.25 percentage points, from 3.50 per cent to 3.25 per cent. The basis for this decision is decreasing market interest rates. The change is set to take effect shortly.
Contact Information
For further information, please contact:
Peter Wiklöf, Managing Director and Chief Executive, Bank of Åland Plc, tel +358 40 512 7505
Frequently Asked Questions
Why is the prime rate decreasing?
The prime rate is decreasing due to falling market interest rates which influence the borrowing and lending rates.
When will the new prime rate take effect?
The new prime rate is set to take effect shortly following the announcement.
Who can I contact for more information?
You can contact Peter Wiklöf, the Managing Director and Chief Executive at Bank of Åland Plc.
What is the new prime rate?
The new prime rate will be 3.25 percent after the decrease.
What factors influence the prime rate?
The prime rate is influenced by various factors including market interest rates and economic conditions.
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