Dear Clients,

we pay your attention, that floating interest rate is set by the formula:

Interest rate = Index + Spread ( for loans in UAH)
Interest rate = Index + Margin (for loans in foreign currency)

Spread and margin – fixed part of the Interest rate, which is set by Assets and Liabilities Committee of the Bank. Spread and margin can be changed in cases under the Loan Agreement.

Index– floating part of the Interest rate

For loans in UAH:
Is the Ukrainian Index of Retail Deposit Rates (UIRD) - the average rate, calculated every Business day in the system of Thomson Reuters, based on nominal interest rates of term deposits of individuals in the rate for 6 months, with interest payment after the expiry of the deposit agreement.

The rate is subject of adjustment during the term of the credit line after every course of 6 (sixth) calendar month starting from the date of Loan Agreement signing. Information about the rate UIRD is posted on the official website of the NBU, the Bank's website and informational stands in Bank's outlets. 

For floating interest rate calculation index (UIRD) is set in next way:
For Loan Agreements concluded from 1st (first) to 15th (fifteenth) day of the month, and respectively the changing of the Floating interest rate is at the period from 1st (first) to 15th (fifteenth) day of the month, the index size is equal to UIRD rate, which was set before 2 (two) working days before the 1st day in a month, in which the Floating interest rate is set or changed;

For Loan Agreements concluded from 16th (sixteenth) to the 31st (thirty-first) day of the month, and respectively the changing of the Floating interest rate is at the period from 16th (sixteenth) to the 31st (thirty-first) day of the month, the index size is equal to UIRD rate, which was set before 2 (two) working days before the 16th day in a month, in which the Floating interest rate is set or changed;

For loans in foreign currency: 
For loans in USD the index is equal to Libor rate for 3 months that is published at LIBOR REUTERS screen for deposits in the currency of the Loan by about 11:00 hours (London time) on the day that is two Working days before the planned date of the Loan (tranche) disbursement and / or the date the interest rate changing.

For loans in EUR the index is equal to Euribor rate for 3 months that is published at Euribor REUTERS screen for deposits in the currency of the Loan by about 11:00 hours (London time) on the day that is two Working days before the planned date of the Loan (tranche) disbursement and / or the date the interest rate changing.


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