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 leasing contracts and financing initially agreed in BGN will be considered as leasing contracts and financing 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 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.
Obligations under a lease/financing agreement in BGN at the applicable interest rate based on the Average Deposit Index (ADI) as of January 1, 2026, will bear interest based on the ADI calculated according to the following methodology, published at the link.
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.
For obligations under a lease/financing agreement in which a fixed interest rate has been agreed, the interest rate shall remain as agreed prior to the date of introduction of the euro in the Republic of Bulgaria.
Thank you for being our client!
Sincerely,
The UniCredit Leasing Team