September 13, 2019 / 11:33 AM / 5 days ago

Turkey's Isbank says reduces interest rates for housing loans

ISTANBUL, Sept 13 (Reuters) - Turkey’s Isbank reduced interest rates for housing loans, the lender said on Friday, after the central bank cut its key policy rate by 325 basis points this week.

In a statement, Isbank said it will apply a 1.17% monthly interest rate for house loans with up to a 120-months maturity. (Reporting by Ebru Tuncay Writing by Ezgi Erkoyun Editing by Daren Butler)

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