Euromutuo is called and has the advantage of having an interest rate attached to the official reference European Central Bank. And 'this is the new type of loans offered by the Group BPM (Banca Popolare di Milano, Banca di Legnano and Cassa di Risparmio di Alessandria) families.
It was the Bank of Italy Governor Mario Draghi, in his recent speech at the World Day of savings banks to offer loans at rates indexed to the ECB and Euribor, reviving the proposal for Lorenzo Bini Smaghi, Italian member of the board of the ECB. And the Bank led by Roberto Mazzotta was the first to implement the proposal. The product will be offered by the BPM Group to give families the benefit of a rate that, "being attached to the official ECB reference and no longer at the interbank, has increased transparency and greater stability." The first loan, a note explains, can be signed at the branch from Monday, and include a spread of 150 basis points over ECB rates with a maximum of 30 years.
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