Notification of changes in the methodology for calculating interest rate on loans for individual clients, from 01.07.2018

  • 06/28/2018
  • in force of 07/01/2018
  • Tariff

Notification of changes in the methodology for calculating interest rate on loans for individual clients, from 01.07.2018

Dear Customers,

We would like to inform you that, according to an official announcement of the Bulgarian National Bank, the “SOFIBOR” index ceases to be published as of 01.07.2018.

According to an Action Plan approved by UniCredit Bulbank AD, if a given benchmark significantly changes or ceases to be prepared, in accordance with Regulation (EU) 2016/1011, “SOFIBOR” is being replaced by a new interest rate index “Average Deposit Index” (“ADI”), as the change is valid for all credit agreements in BGN, which were granted before and after 01.07.2018.