ProCredit Bank

ProCredit Bank

Interest rate LIBOR 6М / EURIBOR 6М / TDA 9M / AIR 12M / AIR 6M

Dear clients,

Starting from 15th of  August, 2022 new interest rates will be introduced:

 

Interest rate

From

July 15th  2022,

(% p.a.)

From

August 15th 2022,

(% p.a.)

LIBOR 6M USD

2.1060%

2.9351%

AIR 6M USD

0.97% 1.04%

EURIBOR 6M EUR

- 0.0450%

0.2630%

TDA 9M MDL

 0.00%

 0.00%

AIR 6M MDL

  3.30%

  3.69%

 

We wish to inform you of changes to LIBOR 6M USD / AIR 6M USD / EURIBOR 6M EUR / TDA 9M MDL / AIR 6M MDL interest rates, which are modified every six months. Interest rates on loans with floating rates indexed to LIBOR 6M / AIR 6M USD / EURIBOR 6M / TDA 9M MDL / AIR 6M MDL will be modified and client repayment schedules will be revised accordingly.
LIBOR 6M USD rates are used to calculate the interest rate on loans with a term greater than one year which have been disbursed in USD or in MDL indexed to USD (for loans granted till 14 March 2022).
AIR 6M USD is used to calculate the interest rate on loans disbursed in USD (for loans granted on or after 15 March 2022)
EURIBOR 6M EUR rates are used to calculate the interest rate on loans with a term greater than one year which have been disbursed in EUR, or in MDL indexed to EUR.
TDA 9M MDL is used to calculate the interest rate on loans disbursed in MDL with a term greater than one year (for loans granted on or before 27 June 2016).
AIR 6M MDL is used to calculate the interest rate on loans disbursed in MDL (for loans granted on or after 15 January 2017).                                                                  
LIBOR (London Interbank Offered Rate) is an average interest rate for loans in the international market. LIBOR is the most common indicator of short-term interest rates in the world and its calculation is overseen by the British Bankers’ Association.
 

AIR 6M USD - is the interest rate which is based on the average financial value of the funds in USD (the cost of interest expenses, fees, including those relating to financial guarantees, if applicable), attracted by the Bank in the 6 months prior to the end of the preceding month, calculated by the Finance Department for the previous month.

 

EURIBOR (European Interbank Offered Rate) is used as the minimum or basic interest rate for loans in the European market. Euribor calculation is overseen by the European Banking Federation, which represents credit institutions in the euro area, Iceland, Norway and Switzerland, as well as the Association of Financial Markets.

 

TDA 9M MDL - is the interest rate established for nine-month term deposits in MDL at ProCredit Bank Moldova. 
 
AIR 6M MDL - is the interest rates which is based on the average financial value of the funds in MDL (the cost of interest expenses, fees, including those relating to financial guarantees, if applicable), attracted by the Bank in the 6 months prior to the end of the preceding month, calculated by the Finance Department for the previous month.

 

 *****

We would like to inform you that with effect from 01 February 2017, the EURIBOR reference rate used to determine revisions of the interest rate for loans in EUR will be calculated as zero %. This is due to the fact that this reference rate currently has a negative value.