KBN reduces its margin on long-term loans

KBN reduces its margin on loans with floating Nibor-indexed interest rate by 0.1 percentage point with effect from 1 August.

The decrease is due to the past few months’ low borrowing costs, concurrent with a decrease in the margin of long loans in the capital market. Increased margin on long-term loans with Nibor-linked rate is 0.6%. Loans meeting conditions for green loans will have a margin of 0.5%.

The money market rate for floating rate loans has seen a further decrease during spring since previous reduction. The floating rate decrease is 0.15 percentage point. Regular floating rate is 1.5% and KBN’s green floating rate 1.4% with effect from 1 August 2017.