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Bulbank Launches Best Mortgage Offer Ever on the Market. Valid from February 1st till 15th of April, 2005

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Bulbank shakes the market, renewing its mortgage programme with the most attractive offer for mortgage financing in Leva and Euro - 6.67% for the first year or 7.67% for the first three years.

Bulbank offers a first year promotional interest of 6.67% in BGN and EUR for newly granted mortgages - the interest being 6,67% formed by the Base Rate of the Bank and a spread. The interest for the remaining period is formed as the Base rate of the bank plus a spread of 6.00%, providing therefore to its clients best possible terms in the market also after expiry of the first 12 months promotional rate.

Bulbank clients may choose alternatively a longer term of promotional interest rate - the first three years with interest of 7.67% for BGN or EUR. After the promotional period, the interest will still be formed as the bank base interest plus addition of 6.00%. The normal repayment with simple interest rate plan for the whole mortgage duration at competitive levels is also provided by the Bank.

For clients that would like to purchase or build new house, the Bank will in addition make available additional consumer credit, overdraft or revolving credit card for up to 5 000 BGN on same preferential terms. Additional benefits available for clients especially if holders of the Bank UNICO packages.

Those special terms will be available to clients throughout the end of the campaign, until 15th April. To provide best service and certainty to its clients Bulbank will grant an answer to the mortgage application within 48 hours.

Bulbank has also revised its mortgage offer extending maximum maturity of the mortgage loan up to 25 years and financing up to 80% of the expert evaluation. Bulbank will also offer one of the longest grace periods, available on the market - up to 18 months, depending on the exact type of mortgage.

Bulbank Mortgage Program, already recognized as the most complete and flexible in the market, offers five different credits for variety of purposes - purchase or construction of a new house, construction of a house together with the construction company, purchase of new property while the clients repays another loan or sells his old house.