Following the European Central Bank (ECB) decision to raise its prime rate by 0.25% Eurobank EFG, has adjusted its interest rates as of October 9, 2006 as follows:
The rates for the accounts, whose return is linked to the ECB’s rate, are automatically readjusted by 0.25%.
The interest rates for current accounts and savings accounts are readjusted from 0.10% up to 0.30%
Finally, interest rates for time deposit accounts are linked to the European money market rates and adjust on a daily basis.
The Bank’s loan rates that are linked to the ECB’s base rate are readjusted accordingly by 0.25%.
For individual loan categories:
- The base rates for companies and professionals are readjusted accordingly by 0.25%.
- The Bank’s basic mortgage rate is readjusted accordingly by 0.25%.
Rates for the SWISS Housing Plan in Swiss francs with installment protection against currency changes remain unchanged (from 2.90%).
- Consumer credit rates are adjusted accordingly by 0.25%.
The “Euroline” credit card rate is adjusted by 0.50%.
The debt collection and repayment (“Entaxei”) program’s rate remains unchanged.
- The Bank’s and EFG Eurobank Securities margin debt rates are readjusted accordingly by 0.25%.