Erste Bank customers are encouraged to convert swiss franc loans

As a result of one-on-one talks, over 2,500 customers already opted to exit foreign currency financing. This corresponds to a credit volume of around 400 million Euro. Additionally, some 1,500 foreign currency borrowers converted loans repayable upon maturity to amortisation loans (270 million Euro) to lower performance risk of the loan repayment vehicles. All in all, around one-fourth of all customers have already responded.
Based on the new interest rate situation, Erste Bank is now offering a new variant for the conversion. The offer is for a ten-year, guaranteed, fixed-interest rate for an installment loan in Euro with a rate of 2.9 per cent. The conversion of the loan is free of charge and no fees will be invoiced.