Dear Clients
Pursuant to the Introduction of the Euro in the Republic of Bulgaria Act (IERBA), information provided in the bank's electronic channels, credit statements, notifications of upcoming instalments and other communications related to the credits (loans) in BGN which you use is already presented in both currencies – BGN and EUR.
In this regard, please note that:
- The values presented in both currencies are for the purpose of dual currency visualization of the credit amounts, applying the official BGN/EUR exchange rate of 1.95583/1.
- Prior to December 31, 2025, the credit currency is in BGN and the amounts are presented in BGN with an indicated equivalent in EUR. After the change of the credit currency on January 01, 2026 into EUR, as provided for in the Introduction of the Euro in Bulgaria Act, the amounts shall be presented in EUR with the equivalent indicated in BGN.
- Repayment is made in the currency of the credit:
- prior to December 31, 2025 - in BGN
- after January 01, 2026 - in EUR.
Upon repayment of the credit in a currency other than the currency of the credit, the "Buy" rate of the bank announced for the day shall apply;
- In connection with the application of the rounding rule provided in the Introduction of the Euro in the Republic of Bulgaria Act (IERBA), for multiple components which form a single total (interest, principal, insurance, etc.), it is possible that the double designation and the currency conversion action will lead to minimal discrepancies between the sum of the rounded individual components and the rounded total. The converted total is primary.