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The Bank Information for Clients
Interest Rates

The Bank Information for Clients
Interest Rates

DEPOSIT RATES

Savings Accounts & Pangritios Account

DEPOSIT AMOUNT (IN EUROS) VARIABLE INTEREST TOTAL ANNUAL GROSS RETURN * (post tax deduction)
1 - 3.000 0,01% 0,01%
3.000,01 - 30.000 0,01% 0,01%
30.000,01 - 100.000 0,02% 0,02%
100.000,01 - 200.000 0,03% 0,03%
200.000,01 and above 0,01% 0,01%

Sight Accounts

DEPOSIT AMOUNT (IN EUROS) VARIABLE INTEREST TOTAL ANNUAL GROSS RETURN * (post tax deduction)
1 - 3.000 0,00% 0,00%
3.000,01 - 30.000 0,00% 0,00%
30.000,01 - 100.000 0,00% 0,00%
100.000,01 and above 0,00% 0,00%

Payroll account ''YPEREXO''

DEPOSIT AMOUNT (IN EUROS) VARIABLE INTEREST TOTAL ANNUAL GROSS RETURN * (post tax deduction)
1 - 3.000 0,25% 0,21%
3.000,01 - 30.000 0,01% 0,01%
30.000,01 - 100.000 0,02% 0,02%
100.000,01 - 200.000 0,03% 0,03%
200.000,01 and above 0,01% 0,01%

Time Deposits

  • From 1 to 12 months

  • Negotiable Interest Rate

The Total Annual Gross Return is calculated based on the following assumption:

For one (1) year (365 days), the deposit amount and the interest rate remain invariable and 6-month interest is not withdrawn. As a result, the Total Annual Gross Return is shown on the deposit accounts in question with the above percentages, following tax on interest (at a rate of 15% from 1/1/2013) and six-month compound interest.
Interest for all aforementioned accounts is calculated on the available daily balance.
*For savings, Pagritios and Sight accounts the related interest rate is applied to the entire amount of the deposit (Tiered).
** For payroll account “YPEREXO”, the interest is calculated based on the daily available balance and on the amount that corresponds to each scale with the applicable rate.

LENDING RATES

Rates for Businesses

Reference interest rate: EURIBOR


For: Business Premises, Fixed Equipment, Working Capital 

Margin from 5.00% to 5.80%, depending on the Enterprise’s RATING

  • The interest rate may be incremented by three (3) percentage points.
  • The Law 128/1975 levy is added to the aforementioned interest rates (currently 0.60%).
  • There are no other surcharges (e.g. dossier fees, etc.)

Mortgage Loans

Purchase – Construction of Residence

Reference Interest Rate: ECB 

INTEREST RATE TYPE

Variable

INTEREST RATE MARGIN *

From 3,00% to 7,00%

Renovation – Repair of Residence 

INTEREST RATE TYPE

Variable

INTEREST RATE MARGIN *

From 5,00% to 9,00%

Purchase Of A Plot Of Land – Construction Of A Residence (Other Than First Home – For Utilization)

INTEREST RATE TYPE

Variable

INTEREST RATE MARGIN *

From 5,00% to 9,00%

* The interest margin is formulated within the above range based on the client’s profile, trustworthiness, the overall relationship with the bank, the type of loan collateral and the rate of financing on the value of the property. 
Additional rate rebates can be offered, depending on the borrower’s relationship and cooperation with the Bank as well as the type of collateral.  

- The Law 128/1975 levy is added to the aforementioned interest rates (currently 0,12% for mortgage loans and 0,60% for business premises loans).

- If applicable, fees for examining loan applications are charged, as well as real fees for technical inspection or mortgage prenotation, according to the Bank’s main Commission Rates list. 

Personal - Consumer Loans

Reference Interest Rate: ECB

Consumer Loans

INTEREST RATE TYPE

Variable

INTEREST RATE MARGIN *

From 10,00% to 13,00%
(with cash collateral)

From 6,50% to 9,50%
(with collateral)

Employees & Pensioners Receiving Their Salaries And Pensions Via Pancreta Bank

INTEREST RATE TYPE

Variable

INTEREST RATE MARGIN *

From 8,00% to 11,00%
(with cash collateral)

* The interest margin is formulated within the above range based on the credit risk, the profile of the client and the overall relationship with the Bank. 

-  Additional rate rebates can be offered, depending on the borrower’s relationship and cooperation with the Bank, as well as the type of the collateral.

-  The Law 128/1975 levy is added to the aforementioned interest rates.