Dear Clients,
In connection with the introduction of the Euro in the Republic of Bulgaria, we would like to inform you that from January 01, 2026 all loans initially agreed in BGN will be considered as loans in Euro applying the official BGN-EUR exchange rate of 1,95583/1 and the rounding rules under the Introduction of the Euro in the Republic of Bulgaria Act (IERBA).
The introduction of the Euro does not affect existing agreements, they are preserved and do not need to be amended explicitly by entering into an annex (additional agreement).
As a result of conversion on the date of introduction of the Euro, the amount of the applicable annual interest rate and the forthcoming monthly repayment instalment calculated in Euro will not be increased.
A) Loans granted in BGN with interest based on a variable interest rate index, pursuant to Art.44, para.1-3 of the Introduction of the Euro in the Republic of Bulgaria Act (IERBA) and in accordance with an action plan pursuant to Art. 28 (2) of Regulation (EU) 2016/1011 of the European Council and of the Council of 8 June 2016 on indices used as benchmarks in financial instruments and financial contracts or to measure the performance of investment funds, and amending Directives 2008/48/EC and 2014/17/EU and Regulation (EU) No 596/2014, approved by the Management Board of UniCredit Bulbank AD with Protocol No.52 of October 15, 2025. (Action Plan) will be charged interest as follows:
1. Loans granted in BGN with interest based on the Household Term Deposits Index (HTDI), as of January 01, 2026. will be charged interest at Household Term Deposits Index (HTDI) calculated according to the following methodology.
2. Loans granted in BGN with interest based on the Average Deposit Index (ADI), as of January 01, 2026, will be charged interest at Average Deposit Index (ADI), calculated according to the following methodology.
3. Loans granted in BGN with interest based on the Base Interest Rate (BIR), determined by the Bulgarian National Bank (BNB), in view of the termination of announcement of Base Interest Rate (BIR) by the BNB, as of January 01, 2026. will be charged interest at EURIBOR, as follows:
For non-revolving loans (Investment Loan, Standard Working Capital Loan, Mortgage Loan and Consumer Loan) a 3-month EURIBOR will be applied;
For revolving loans (Revolving Loan, Overdraft and Factoring), 1-month EURIBOR will be applied.
The subsequent interest periods pursuant to the credit agreement shall be determined in accordance with the provisions of the general terms and conditions applicable to them.
In accordance with the requirements of Article 44, Paragraph 3 of the Introduction of the Euro in the Republic of Bulgaria Act (IERBA), the interest rate shall not be higher on the date of introduction of the Euro than before the date of introduction of the Euro. In the event that on January 01, 2026 the value of the applicable interest rate index is higher than its value before the introduction of the Euro, the fixed margin agreed in the credit agreement will be equally reduced, as of January 01, 2026 and for the remaining term of the agreement.
More information can be found in the Action Plan of UniCredit Bulbank AD.
Changes in the interest rate on your Credit Agreement after the currency conversion will be further notified.
B) In the case of a fixed-rate credit agreement (including credit card) upon the introduction of the Euro in the Republic of Bulgaria, the interest rate will remain the same as prior to the introduction of the Euro.
C) For loans granted in BGN for which there is an individually agreed new interest rate based on an interest index in Euro, from the date of adoption of the Euro, this individually agreed interest rate will be applied.
In connection with the above, changes have been made to the General Terms and Conditions of UniCredit Bulbank AD for granting loans to business entities and in the General Terms and Conditions of UniCredit Bulbank AD for granting loans to consumers, which have been adopted by a decision of the Management Board of UniCredit Bulbank AD with Protocol No. 52 of October 15, 2025, in force from January 01, 2026.
Thank you for being our client!
Sincerely,
The UniCredit Bulbank Team