ANNOUNCEMENT

 

UniCredit Bulbank AD informs its borrowers - individuals, as follows:

 

With Decision of the Management Board of UniCredit Bulbank РD (formerly named Bulbank AD) and in acordance with the provisions of the loan agreements and the terms and conditions applied for them, as of 01.04.2010:

 

 

1. For existing loans to individuals in BGN, provided by the terminated without liquidation due to merger in UniCredit Bulbank AD, HVB Bank Biochim РD and CB Hebros РD, the applicable annual interest rate is increased with 1 (one) percentage point.

 

The change is a result of an increase with 1 (one) percentage point of the margin above the base interest rate, in accordance with the provisions of the concluded loan agreement, an inseparable part of which are the General Business Conditions of HVB Bank Biochim РD / the General Business Conditions of Hebros Bank AD.

 

 

2. For existing loans to individuals in BGN and in EUR, provided by UniCredit Bulbank РD with former name Bulbank AD, the applicable annual interest rate is increased with 2.5 (two point five) percentage points.

 

The change is a result of an increase with 2.5 (two point five) percentage points of the base interest rate (the floating component of the interest rate applicable for your loan) for loans in BGN and in EUR, in accordance with the conditions of the concluded loan agreement, including section II. Conditions for utilization, servicing of the loan and fulfilment of the liabilities of Bulbank AD.

 

 

We kindly ask the borrowers to provide sufficient funds on their current accounts for covering the payments under the loan, in order to avoid default, and those whose loan is being repaid with cash transfer by the employer - to inform him/her/it about the new amount of the monthly installment under the loan.

 

Regarding the loans provided by the terminated without liquidation due to merger in UniCredit Bulbank AD, HVB Bank Biochim РD and CB Hebros РD, and paid in equal monthly (annuity) installments, the new amount of the installment is normally re-calculated once per year in January pursuant to the General Business Conditions.

 

 

If you have any questions or need additional information, please contact your servicing specialist in the bank branch.