Eurobank EFG reduces interest rates | Eurobank
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Eurobank EFG reduces interest rates

Eurobank EFG announces the following interest rate cuts, to be applied as of Monday, 7/9/09:

  1. CORPORATE LOANS

·        Working capital base rate is reduced by 20 basis points (0.20%)

  1. LOANS FOR SMALL BUSINESSES & PROFESSIONALS
    • The  Small Business & Professionals base rate is being  reduced by 25 basis points (0,25)
    • Commercial premises financing fixed rate in Euro for 1 and 3 years is being reduced by up to 50 basis points (0.50%)
    • The final variable interest rates for working capital - financing of professional equipment, and the European Investment Bank commercial premises financing  are reduced to 4.10% and 3.30% respectively
  1. DEPOSITS

·        Mega Savings” account interest rate is being adjusted at 1% for any amount. It is noted that the new return of the product remains above the European Interbank Offered Rate* while it is up to twice the average rate of ordinary savings accounts, as announced on the website of the Bank of Greece

·       Similarly the interest rate of the “Dynamic Sight” account is being adjusted at 1% for amounts of € 3.000 and above

·        Finally, the Bank adjusts the interest rates of all other deposit accounts by 10 basis points (0.10%), on average.

*  1 month    Euribor (2/9/2009): 0.48%

    3 months   Euribor (2/9/2009): 0.81%