Eurobank EFG reacts readily to the further reduction of the base rate of the European Central Bank (ECB) by 25 basis points, by reducing its interest rates for loans to individuals and businesses by up to 50 basis points. Moreover, the Bank does not reduce its rates on deposits, including the Mega Savings Account.
In this way, the Bank materializes its commitment to stand alongside its customers, including households, small businesses and professionals, and support the Greek economy with concrete measures.
In specific, the Bank:
Ι. Keeps interest rates on deposits unchanged. It also maintains the rate of its basic high-interest savings account, Mega Savings Account, allowing its customers to enjoy a much higher performance compared to simple savings accounts, providing thus a substantial incentive to boost the savings of the Greek family.
II. Reduces loan interest for Private Clients and Small Businesses by up to 50 basis points.
III. Reduces the base rate of mortgage loans for the acquisition of primary, secondary or holiday residences and loans for the acquisition of business premises by 50 basis points.
IV. Building on recent state measures to strengthen the housing and building market, it finances up to 100% of the market value of the property for the acquisition of primary, secondary or holiday residences and business premises.
In detail, the bank’s interest rates are now as follows:
In detail, the bank’s interest rates are now as follows:
Ι. DEPOSIT INTEREST RATES
Remain unchanged.
ΙΙ. LENDING INTEREST RATES
Α. MORTGAGE LOANS
- The Bank’s New Mortgage Loans Base Rate in euro (SVEX), linked with the Euribor reference interest rate, is reduced by 0.50 and that of Swiss francs, linked with the Libor CHF reference interest rate, is reduced by 0.20.
- Interest rates on fixed rate programs in Euros and Swiss francs are reduced by up to 0.50.
- We note again that the interest rates on mortgage loans based on the European Central Bank (ECB) rate or the Euribor and Libor (interest rates Swiss franc), are automatically adjusted in line with the falling course of the above interest rates.
Moreover, exploiting recent measures of the state, Eurobank issues mortgage loans up to 100% of the market value of the property, for primary residences or holiday accommodation.
Β. CONSUMER LOANS & CREDIT CARDS
The rates on consumer credit cards and interest rates on consumer loans are reduced by up to 0.25.
C. SME & FREELANCER LOANS
- The base loan interest rates for Small Businesses and Freelancers are reduced by up to 0.35.
- Stable business premises interest rates for 1 & 3 years, are reduced by 0.50.
Moreover, taking advantage of recent state measures to strengthen the housing market, Eurobank issues business premises loans up to 100% of the value of the business property and includes this funding in the programs available from the European Investment Bank with a final variable rate of 4.30 % currently.
D. BUSINESS BANKING LOANS
The base interest rate for Business Credit capital is reduced by 0.35.
The above changes are effective from Monday 11/5/09.