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Eurobank EFG Reduced Mortgage Loan Interest Rate

18 November 2010.

Belgrade, November 18, 2010 - Eurobank EFG has decided to reduce the interest rate on new mortgage loans in EUR by 0.75%. The reduced mortgage loan interest rate is applied in Eurobank as of today, in the aim of providing more favourable conditions for resolving the housing issue and additional stimulation of demand for new real estate for as many retail clients as possible.

Eurobank EFG has decided to reduce the interest rate on new mortgage loans in EUR by 0.75%. The reduced mortgage loan interest rate is applied in Eurobank as of today, in the aim of providing more favourable conditions for resolving the housing issue and additional stimulation of demand for new real estate for as many retail clients as possible.

With new, competitive interest rates, Eurobank EFG continues to approve mortgage loans with the 30-year tenor, with an option of capital payment holiday in the first year. Under these conditions, Eurobank EFG provides loans for the purchase of registered and real estate under construction.

For an average loan of EUR50,000 with the 30-year tenor and indexed in EUR, the interest rate is 3-month EURIBOR + 4.50% (EIR of 6.34%). It means that the monthly installment for this loan is EUR285.5.

To make real estate purchase easier, the Bank has offered Mortgage Loan Advisors to clients in its branches and introduced the so-called preliminary approval valid for one month, enabling clients to know in advance which amount they have at disposal when looking for suitable real estate.

More favourable loans can be used by clients who transfer their monthly income to one of current accounts in Eurobank EFG - Euro Plata Premija or Euro Plata Gold – by the end of the year.

With mortgage loans worth more than EUR200 million and 7,000 mortgage loan clients, Eurobank EFG is one of top three banks in financing real estate purchase.

Interested clients can get the best advice on mortgage loans in 117 Eurobank branches across Serbia, or by dialing toll-free EuroPHONE 0800 1111 44.

Eurobank EFG Group is a European banking organization with total assets of €86.9bn (1H10). The Group employs more than 23,000 people and offers its products and services both through its network of over 1,600 branches and points of sale, and through alternative distribution channels.

Eurobank EFG Group has an established presence in Greece, Bulgaria, Serbia, Romania, Turkey, Poland, Ukraine, United Kingdom, Luxembourg, and Cyprus. It is a member of the EFG Group, an international banking group with presence across 40 countries.
More information about Eurobank EFG can be found at www.eurobankefg.rs.
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