Pop Milano to link new mortgages to ECB rate
MILAN, Nov 6 (Reuters) - Banca Popolare di Milano SpA (PMII.MI) said on Thursday it would offer new mortgages indexed to the European Central Bank interest rate plus a 1.5 percent spread rather than to the Euribor rate.
The new mortgages, which will be available as of next Monday, will have a maximum duration of 30 years, the bank said in a statement.
(Reporting by Stephen Jewkes)










