Changes in the Tariff for Legal Entities and Private Clients and the General Terms and Conditions for Lending

Dear Clients,

We would like to inform you that the following changes concerning the Price List for Private Individuals and Legal Entities, and the General Terms and Conditions for Lending will come into force:

1. New account, FlexSave, for Private Individuals and Legal Entities as of 15/08/2017:

Upon opening a current account with the Bank, in addition to receiving a debit card and Internet banking, all clients receive a FlexSave account, with the following conditions:

•  Interest rate: 0.35% for Private Individuals and 0.25% for Legal Entities
•  Currency: EUR
•  No account opening or monthly maintenance fee
•  No minimum balance or fixed term

With the new FlexSave account, you can manage your funds more efficiently and completely independently. All current clients can apply for a FlexSave account via their Internet banking account.

Savings accounts will no longer be offered.

2. The standard deposit conditions for Private Individuals and Legal Entities will be as follows as of 15/08/2017:

       The 6-month standard deposit account in EUR/USD for Private Individuals will no longer be offered. Starting 15.08.2017, all current standard deposit accounts will be converted to 12-month standard deposits, in the respective currency, on their maturity dates.

        The standard deposit account for Private Individuals will be offered for terms of 12, 18, 24 and 36 months at the following interest rates:

The standard deposit account for Legal Entities will be offered for terms of 12, 18, 24 and 36 months at the following interest rates: 

The above interest rates will be effective as of 15/08/2017 for all newly opened deposit accounts. For all existing accounts, the change will be effective as of the dates of their first maturity or interest accrual after 15/08/2017. For clients without current account with debit card and internet banking there will be no change in their current interest rates.

3. The monthly maintenance fee for Legal entities will be changed to EUR 12.50 as of 15/10/2017

4. The fee for outgoing international transfer in EU countries (SEPA) will be changed to EUR 5 as of 15/10/2017 for companies with average daily account balance on monthly basis below EUR 10 000 and/or without incoming payments from contracting parties.

5. Loan application fee, Disbursement fee and Management fee on loans will be changed as of 15/08/2017 for new loan deals.

6. A fee for one-time increase of the cash withdrawal limit of a debit card will be charged as of 15/08/2017 as follows:

•          Withdrawal limit ≤ EUR 10 000 – EUR 100
•          Withdrawal limit > EUR 10 000 – EUR 500

7. Two types of current accounts will be offered to private individuals as of 15/08/2017 – Active current account and Passive current account with included list of banking services for free. The current accounts of existing clients will be transformed into Active accounts as of 15/10/2017.

The Tariffs for Private Individuals and Legal entities, and the General Terms and Conditions for Lending will be updated as of 15/08/2017.

Regards,

ProCredit Bank (Bulgaria) EAD - Thessaloniki Branch