Reductions which apply to all credit cards
Nicosia, 6 November 2013
As part of its policy to make it easier for customers to meet their obligations, the Bank of Cyprus announces the following reductions which apply to all credit cards with effect from 06/11/2013:
1) Reduction in the credit card interest rate from 12.5% to 10.5%
2) Reduction in arrears charges (for arrears over € 20) from 3% to 2% per month until 31/03/2014
All of the above apply to all customers of the Bank of Cyprus including customers of the former Laiki Bank.