The Board of Directors of Sampo Bank has today decided to lower the Sampo Prime interest rate as of 28 September 2001 with 0.50 percentage points to 4.25 per cent. As of 17 April 2001, the Sampo Prime interest rate has been 4.75 per cent.
The lowering of the Sampo Prime interest rate is a result of the deceleration of the inflation and economic growth in the euro area, which have led to a drop in money market interest rates and return on bonds. Euribor interest rates range between 4.0 and 4.3 per cent. The return on the ten-year government bonds is approximately five per cent.
Head of Group Communications
FOR FURTHER INFORMATION, PLEASE CONTACT:
Risto Tornivaara, Senior Vice President, tel. +358 10 513 4113
Tarja Heinonen, Chief Economist, tel. +358 10 514 0023
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