New Interest Rates

20 November 2001

Following the lowering of interest rates by half a percentage point by the European Central Bank, EFG Eurobank Ergasias adjusts its interest rates in specific categories of deposit and lending products.

Following the lowering of interest rates by half a percentage point by the European Central Bank, EFG Eurobank Ergasias adjusts its interest rates in specific categories of deposit and lending products.
The Bank also announces its new, lower Mortgage Lending interest rate
fixed at 3.65% for the first year, and
fixed at 3.90% for the first two years
The new interest rates will go into effect on November 26, 2001 and are as follows: DEPOSIT PRODUCTS

The interest rates of the New Savings account are reduced by 0.25% and will range between 1.25% to 2.75% on the entire deposit amount, depending on balance.

The interest rates of other deposit accounts are also reduced by 0.25% and will range between 1.0% to 1.75%, depending on the daily available balance.LENDING PRODUCTS

The basic lending rate for loans to small- and medium-size enterprises is reduced by half a percentage point to 6.75% from 7.25%.

The basic floating mortgage lending interest rate is reduced by half a percentage point to 5.75% from 6.25%.

The first year fixed interest rate on mortgage loans is reduced to 3.65%, while the fixed interest rate for the first two years is reduced to 3.90%.

The basic lending rate for small business loans is reduced by half a percentage point to 7.75% from 8.25%.

The interest rate for Mastercard credit cards is reduced by half a percentage point to 16.25% from 16.75%