As of 01/10/2022, the negative interest rates on EUR denominated deposits held by legal entities will be terminated. The decision has been taken following the recent European Central Bank (“ECB”) decisions to raise the key ECB interest rates.

Eurobank Cyprus Financial Results for the six months ended 30 June 2022

01 August 2022

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Eurobank Cyprus Financial Results & Pillar 3 Report end of year 2021

05 April 2022

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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. 
 

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