Increase in the Base Rate
Sunday, March 06, 2016
We hereby inform you that there is an increase of 1% in the CBI’s base rate (“Base Rate”) with effect from March 6th, 2016. The revised rate is applicable from that date on all existing loans and financing that are priced using the Base Rate.
Products with rates that are either fixed or based on some other published rate, such as LIBOR, will not be impacted by the above revision and the related contracted rates will remain unchanged.
Should you require any further information please contact your Relationship Manager.