20 October 2006

New Consumer Loan Interest Rates from the Greek Postal Savings Bank

Following the 0,25% increase of the European Central Bank (ECB) key interest rate that took place on the 11.10.2006, the fifth such hike over the past 10 months, the Greek Postal Savings Bank, which is known for offering its products on particularly competitive terms, helping in this manner its customers and by extension the community in general, has readjusted certain of its interest rates to the minimum extent possible in the Consumer Credit sector.

• The GPSB is offering a new beneficial interest rate of 4,90%, fixed for a year and then adjustable 5,50% (an increase of only 0,10%), for a «MY ADVANTAGE (ME SYMFEREI) secured personal loan» debt-consolidation loan, with a repayment period of up to 30 years and an monthly instalment of 56,8 Euros for a 10.000 euro loan.
• It leaves unchanged the fixed interest rate of 5,75% for the first year for debt concentration «MY ADVANTAGE (ME SIMFEREI) unsecured loan» and is increasing by 0,25% the adjustable interest rate in this category to 7,65%, offering a repayment period for this of up to 10 years and a monthly instalment for the first year of 112,8 Euros for a 10.000 Euro loan.
• GPSB leaves unchanged the 5 and 10 year fixed interest rates and is only increasing by 0,10% the 3 year fixed rate on secured consumer loans.
• GPSB leaves unchanged the particularly low adjustable interest rates on consumer loans to Students and University Undergraduates.
• GPSB leaves unchanged the 9,0% interest rates on its T.T. VISA / Classic / Gold / Philatelic Credit Cards.
• GPSB sets its basic adjustable lending rate for Consumer Credit at 7,90%.

The Bank Administration proceeded to make the above decisions, wanting, on the one hand to facilitate borrowers in handling their obligations to the Bank and on the other hand not to place an excessive burden on its customer in Consumer Credit.

Starting on Wednesday 18.10.2006 the Greek Postal Savings Bank basic interest rates for Consumer Credit were formulated as follows*:

«MY ADVANTAGE (ME SYMFEREI)» Secured Consumer Loan

Consumer Loans Without Security

T.T. VISA / Classic / Gold / Philatelic Credit Cards

*Does not include the 0,60% charge in accordance with Law 128/75.