National Australia Bank changes lending rates
National Australia Bank has announced a change of 0.15% per annum to its standard variable home loan interest rate, to 9.61% per annum. The new rate takes effect from 15 July 2008.
National Australia Bank CEO, Ahmed Fahour, said changes to home loan interest rates across the banking sector reflected the sustained increases to long-term wholesale funding costs all banks had been experiencing.
–www.theasianbanker.com (July 15 2008)–