Changes in the Interest Rate Bulletin as of 02.11.2020

Dear clients,

We would like to inform you that as of 02.11.2020 the following changes are coming into force:

              I.    Private Individuals

1. Interest rates on FlexSave accounts and Term Deposits will be changed as follows:

• On FlexSave accounts in BGN/EUR to 0.05% per annum;
• On Term Deposits:

• For current clients with term deposits, the interest rate will be applied at maturity.
• The deposits with 18-month term will be no longer offered. After 02.11.2020, at maturity, the 18-month deposits will be transformed into 12-month deposits.

           II.    Legal Entities

2. Interest rates on FlexSave accounts and Term Deposits will be changed as follows:

• On FlexSave accounts in BGN/EUR to 0.00% per annum;
• On Term Deposits:

• For current clients with term deposits, the interest rate will be applied at maturity.
• The deposits with 18-, 24- and 36-month term will be no longer offered. After 02.11.2020 г., at maturity, they will be transformed into 12-month deposits.
• In case of breach of the term of a deposit, agreed after 02.11.2020, a fee of 0.5% per annum will be applied on the entire amount.

3. A new fee will be introduced in the Tariff for Legal Entities as follows:

• Fee for storage of funds on current and FlexSave accounts for clients with a total daily balance above BGN 3 million - 0.5% per annum.

Regards,

ProCredit Bank (Bulgaria) EAD