Floating interest rate of 4.5% for the first year is one of the preferential terms for home loans;

The promotional offer is valid for loans in BGN;

The total volume of the mortgage loans fell by 0.5% yoy in the second quarter of this year down to nearly 9.4 billion leva.

For another two months the customers of UniCredit Bulbank will be able to avail themselves of the special conditions under mortgage loans. By 30 November, the loans for home purchase will be provided with a floating interest rate in the amount of 4.5% for the first year. For the remaining period of the loan the interest rate is 6.5%. The low interest rates are valid for loans in Bulgarian leva.

“We decided to extend the promotional period for the mortgage loan offerings due to the great demand for this product and also because we want to give more customers the possibility to avail themselves of the special conditions under which they can become owners of a home”, comments Ekaterina Kirilova, Head of Marketing and Customer Segments at UniCredit Bulbank.

The mortgage loans have no charge for examination of documents and are without a fee for early repayment with own funds. A fee in the amount of 0.95% is charged upon disbursement of the loan plus a monthly fee for management in the amount of 0.06%. UniCredit Bulbank issues also a free credit certificate for 6 months.

The certificate is a convenience for the customers because it provides them with a possibility yet at the time when seeking a home to know what will be the approximate amount they can rely on in the form of a loan. The bank protects its customers even in the event of temporary loss of income through the Credit Protection insurance.

Customers of the bank who have a credit card and salary above BGN 1500 and who also use other products of their own choice, such as Pioneer Savings Plan, Allianz insurance or direct investment in the Pioneer funds with minimum amount of EUR 500, can avail themselves of the lowest interest rates. An important condition is that the salary of the loan applicant and the co-debtor must be transferred on an account held with the bank.

For example: A customer who meets these requirements and now takes a loan of BGN 50 000 with a repayment period of 20 years, with monthly installments of equal amount, will get Annual Percentage Rate of 8.16% and interest rate of 4.5% for the first year and 6.5% for the remaining period.

Customers get the possibility for various reductions of the interest rate on mortgage loans even if meeting only a few of the specified requirements. The discounts are valid for the loans in BGN and EUR and the amount of the interest rate depends on the type of the mortgage loan and on the additional products and services used by the customers of the bank.

Again in the period by 30 November, during which the preferential conditions on the mortgage loans are valid, UniCredit Bulbank will refund up to 100% of the interest payment for the relevant month to the customers who have referred a new customer for a mortgage loan.

The total volume of the mortgage loans fell by 0.5% yoy in the second quarter of this year down to nearly 9.4 billion leva Mortgage loans drawn down from non-bank financial institutions shrunk by 12% down to BGN 566.5 million as of the end of June 2012. Mortgage loans provided by banks fell by 26.7 million leva. As of the end of the second quarter their volume amounts to 8.8. billion leva.

More information for media:

UniCredit Bulbank, Identity & Communications Department

Viktoria Blajeva, Phone: + 359 2 9264 993, wjlj/ebwjepwbAvojdsfejuhspvq/ch

Ekaterina Ancheva, Phone: + 359 2 9264 963, flbufsjob/bodifwbAvojdsfejuhspvq/ch

Magdalena Ivanova, Phone: + 359 2 9232 528, nbhebmfob/jwbopwbAvojdsfejuhspvq/ch