Introduction of negative interest rates for deposits held in Euro for legal entities

30 December 2021

Given the persistent negative interest rate environment in the Eurozone, with the European Central Bank’s (ECB) base rate currently standing at negative 0.50% (-0.50%) per annum, Eurobank Cyprus Ltd (the “Bank”) will be applying a negative interest rate of 0.50% (-0.50%) per annum to all Euro denominated accounts with credit balances held by legal entities, starting from 01/03/2022.  The negative interest rates will apply to all accounts with credit balances denominated in Euro, excluding fixed deposits whose interest rate has been fixed prior to the date of this announcement.