A breakthrough in banking. Bank Pekao introduces a loan based on POLSTR

Bank Pekao SA was the first bank in Poland to introduce an overdraft facility based on the new POLSTR reference index – Pekao announced in a press release.

The bank announced that the new product is addressed to companies from the SME and corporate segments. The loan offers a variable interest rate based on POLSTR 1M Folded Rate, increased by the bank's margin.

The interest rate is updated daily, which allows it to precisely reflect market conditions and increases the predictability of financing costs. (PAP Business)

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