- Interest rate under these credits is changeable and defined by application of 6M EURIBOR (Reuters page for EURIBOR on contract execution date, increased by margin).
- Value of EURIBOR is updated each first working day of the month for the current quarter.
- Interest is calculated at the end of each month on amount of unsettled portion of credit.
Margin is also changeable and changed by decision of the Bank quarterly and depends on change of market movements. Exceptionally the Bank reserves the right to change margin in even shorter time periods, due to change of Monetary Policies of Reference Central Banks (NBS, ECB, FED).
Method of interest calculation: Simple method is used for interest calculation.