Pricelist

Business General Tariffs

Commission types

Commission

Accounts

Business Clients

Validity

Business Current Account Maintenance Fee*

€ 1.85

Monthly

Current Account Maintenance Fee of other currencies

1.00

Monthly

Current/Savings Account Opening in all currencies

Free of charge

Savings Account Maintenance Fee in all currencies

Free of charge

Current Account Closure in all currencies(upon client’s request)

2.50

Savings Account Closure in all currencies

2.50

Time Deposit Account Opening/Closure in all currencies

Free of charge

Withdrawal fee from Flexi account

€ 6.00

The fee applies if more than 5 withdrawals or transfers are made during the month, then this fee applies for any withdrawal or transfer

Contract on the conditional transaction account

€ 30.00

Will be equally transferred by Buyer and Seller

Account statements in MT940 format/service maintenance

€ 50.00

Monthly

Account statements in MT940 format /SWIFT costs

€ 0.17

Monthly (for every account statement submitted during the month)

Commission types

Commission

Accounts

Business Clients

Validity

Time Out Loan

€ 10.00

Per account

Cash deposit in Cash box (in EUR currency)

€ 1.00

Valid for amounts/Vazi za iznose >=5€ - <=5,995€

Deposit by third parties (in EUR currency)*

€ 1.00

Per transaction

Depositing cash in the cash register in other currencies

Free of charge

Per transaction

Deposit from third parties in other currencies

Free of charge

Per transaction

Joint Account Opening (2 or more co-owners)

Not applicable

Per account

Credit Products Closure Confirmation

€ 2.50

The commission is applied for credit products closure confirmation

Person's Authorization per account

Free of charge

Per authorization

Money transfers

Outgoing transfers for other banks in Kosovo

€ 1.75

Per transaction

Outgoing transfers for other banks in Kosovo with priority***

€ 5.00

Per transaction

Outgoing transfers for other banks in Kosovo using E-Banking

€ 0.75

Per transaction

Outgoing transfers for other banks in Kosovo using E-Banking with priority

€ 4.00

Per transaction

Outgoing transfers for other banks in Kosovo using TEB Mobile

€ 0.75

Per transaction

National incoming transfers

€ 0.00

Per transaction

Incoming payments Kos Gyro

€ 1.50

Per transaction

Fee on unused overdraft amount

0.25% / € 1,000 Max

End of each quarter

Overdra􀅌 early prepayment commission

1% / € 500 Max

Annual

Massive execution of salaries

€ 2.00

Per Beneficiary Bank

Massive execution of payments within the branch********

Free of charge

Per transaction

Massive execution of payments using e-Banking

€ 0.75

Per transaction

Massive execution of payments in branch

€ 1.75

Per transaction

International outgoing transfers EUR*****

0.30 % min. € 15 / max. € 1,000

Per transaction

International outgoing transfers USD*****

0.30 % min. $ 15 / max. $ 1,000

Per transaction

International outgoing transfers GBP*****

0.30 % min. £ 15 / max. £ 1,000

Per transaction

International outgoing transfers CHF*****

0.30 % min. CHF 15 / max. CHF 1,000

Per transaction

International outgoing transfers via e-Banking EUR*****

0.15% min. € 15 / max. € 1,000

Per transaction

International outgoing transfers via e-Banking USD*****

0.15% min. $ 15 / max. $ 1,000

Per transaction

International outgoing transfers via e-Banking CHF*****

0.15% min. CHF 15 / max. CHF 1,000

Per transaction

International outgoing transfers via e-Banking GBP*****

0.15% min. £ 15 / max. £ 1,000

Per transaction

International incoming transfers EUR

0.25 % min. € 15 / max. € 1,000

Per transaction

International incoming transfers USD

0.25 % min. $ 15 / max. $ 1,000

Per transaction

International incoming transfers CHF

0.25 % min. CHF 15 / max. CHF 1,000

Per transaction

International incoming transfers GBP

0.25 % min. £ 15 / max. £ 1,000

Per transaction

Automatic notification of SWIFT via e-mail

€ 0.15

Per transaction

Transfer reclamation fee

Depends from correspondent bank

Per transaction

Within bank transfers in all currencies

1.00

Per transaction (same price for any currency)

Transfers within the bank using E-Banking in all currencies

Free of charge

Per transaction

Transfers within the bank using TEB Mobile in all currencies

Free of charge

Per transaction

Transfers within the bank between client accounts in all currencies

Free of charge

Per transaction

Other

E-banking maintenance fee

€ 0.50

Monthly

E-Banking PIN code resetting in branch

Pa pagesë

Per transaction

Reset of PIN for E-Banking through Call Center

Nuk aplikohet

Automatic order - contract completion in the Branch

Pa pagesë

Per definition

Automatic order – contract completion for E-banking

Nuk aplikohet

Reference Letter

€ 2.50

Per reference

Cheques conversion

1.50% min 30€

Per transaction

Annual maintenance for TEB SMS Top-Up

€ 1.00

Annual

Transaction fee for TEB SMS Top-Up (applicable to all payment channels)

€ 0.10

Per transaction

Fee for TEB SMS notification

€ 0.20

Per transaction

Fee for Ipko Digital TV & Internet

Nuk aplikohet

Per transaction

Fee for Ipko Digital TV & Internet using E-Banking

Nuk aplikohet

Fee for Ipko Digital TV & Internet using E-Banking TEB Mobile

Nuk aplikohet

Cash Withdrawal in cash counters*****

€ 2 deri 2,000 EUR ; € 1 mbi 2,000 deri në 10,000 EUR ; Mbi 10,000 - 0.01% të shumës

Per transaction

Cash Withdrawal in cash counters from the child’s account in all currencies

Nuk aplikohet

Deposit fee for coins

5%

In total amount if more than 50 coins

Visa Confirmation

€ 2.50

Expense confirmation form

€ 5.00

Per form

Account Statement sent by mail

€ 2.00

Change of Pledge registration

€ 30.00

Për transaksion

Request for a payment copy

€ 2.50

Mobile Banking maintenance******

Nuk aplikohet

Card PIN Code resetting in branch

Pa pagesë

Card PIN Code resetting at the ATM

Pa pagesë

Payment of KESCO bills through SMS

€ 0.50

Per transaction

Payment of CUSTOMS bills through SMS

€ 0.20

Per transaction

* Deposit by third parties (in EUR currency) – will be without commission for Corporate Clients only for Daily Turnover.
** Valid only for transfers up to 10,000 EUR.
***Valid only for TEB Bank accounts.
**** The fees applied by the Corresponding Bank for international outgoing transfers are not included in the pricelist.
***** Cash withdrawal – commissions will be applied to all currencies equivalent to EUR.
****** If the customer has e-banking, M-banking monthly payment is free of charge.

Card commission and fees

Commission types

Commission

Business Clients

Validity

Credit cards

Business Starcard

Agro Card

Administrative expenses for the main card limit

20.00 €

Free of charge

Fee applied only once

Card annual maintenance fee

Free of charge

20.00 €

Annual

Card annual maintenance fee

10.00 €

10.00 €

Annual

Card issuance

Free of charge

Free of charge

Per card

Change of card (additional card) Card re-issuance

2.50 €

2.50 €

Per card

Credit card statement delivery

Free of charge

Free of charge

Per delivery

Credit card statement delivery via mail

2.50 €

2.50 €

Per delivery

Monthly fee for cards status

Free of charge

Free of charge

Fee on limit excess

5.00 €

Not applicable

Per transaction

Warning fee (SMS/Letter) for delay on payment of credit products

2.50 €

2.50 €

Prior to any change on KCR (Kosovo Credit Registry) categories

Annual interest rate for maximum payment

0%

0%

Annual

Annual interest rate for minimum payment

24%

24%

Annual

The annual rate of interest delay

***The interest rate shall be calculated on the basis of the requirement of the CBK Regulation

Cash reversal expenses (only for unjustified complaints)

25.00 €

25.00 €

Per complaint

Interest rate for cash withdrawal

24%

24%

Annual

Credit Card limit increase

3.00 €

3.00 €

Per transaction

KOS Gyro and Collector payments in cash counters by card in a single transaction*

Free of charge

Free of charge

Per transaction

KOS Gyro and Collector payments in cash counters by card in three installments (Applicable to all payment channels)**

2% - min 2€

2% - min 2€

Per transaction

Online and international POS payment with 2 installments

For purchases from €50 - €299.99 a commission of 2.5%, min. €3 applies

Not applicable

Per transaction

Online and international POS payment with 3 installments

For purchases over €300 a commission of 3%, min. €3 applies

Not applicable

Per transaction

Cash withdrawals with Credit Card

Cash withdrawals in ATMs inside and outside bank premises

2.5% - min 3€

2.5% - min 3€

Per transaction

Cash withdrawals on other banks ATMs in Kosovo

2.5% - min 3€

Not applicable

Per transaction

Cash withdrawals on other banks ATMs outside Kosovo

2.5% - min 3€

Not applicable

Per transaction

STARCASH (cash withdrawal in installments)

Interest rate for cash withdrawal in installments

2.5% - min 3€

2.5% - min 3€

Per transaction

Fee for cash withdrawal in installments

5 €

Per transaction

Dynamic currency conversion/

6%

Not applicable

Per withdrawal

Interest rate for cash withdrawal in installments

24%

24%

Annual

Transactions via ATM

Debit Kartelat

Internal bank transfers

Free of charge

Per transaction

Annual

Transfers to other domestic banks

1.50 €

Per transaction

Annual

Credit cards

Payment of card debt with cash deposit at Cash Box

1.00 €

1.00 €

Applicable for all amounts, including payments with credit cards of other persons

Payment of card debt from account at ATM

Free of charge

Free of charge

Per transaction

Payment of card debt with cash deposit at ATM

Free of charge

Free of charge

Per transaction

Payment of card debt for other persons at ATM

Free of charge

Free of charge

Per transaction

Payment of card debt through E-Banking

Free of charge

Free of charge

Per transaction

Payment of card debt through E-Banking

Free of charge

Not applicable

Payments in POS Terminals

Payments in our bank POS Terminals

Free of charge

Free of charge

Payments in other banks POS Terminals in Kosovo

Free of charge

Nuk aplikohet

Payments in other banks POS Terminals outside Kosovo

Free of charge

Nuk aplikohet

Fee for currency conversion for transactions that are not performed in EUR (ATM/POS/Online) with Debit Card and Starcard

1%

1%

Per transaction

Payments via Internet

Online purchases with Starcard

Free of charge

Free of charge

Online purchases with Debit Card***

1%

Allowed limits

Max. daily limit for cash withdrawals in ATM with Debit Card

2,000 €

Not applicable

Daily (applicable for a debit business card is 300€, 500€, 1,000€, 1,500€ and 2,000€)

Maximum daily limit of cash deposit on ATM with Debit card

9,995 €

Not applicable

Daily accumulated limit

Daily max. cash withdrawal limit at ATMs with Credit Card

500 €

500 €

Daily accumulated limit

Maximum daily limit for credit card payment in ATM

5,000 €

5,000 €

Daily accumulated limit

Allowed limit for cash withdrawal with Credit Card

25%

50%

Of limit

Allowed limit for withdrawing cash in ATM

1,000€

Daily limit

Debit kartelat

Issuance

2.50 €

Not applicable

Per card

Cash withdrawal in ATMs in bank premises and outside bank premises

Free of charge

Free of charge

Per transaction

Cash withdrawal in other bank's ATMs in Kosovo

2.0% - min 2€

Not applicable

Per transaction

Cash withdrawal in other bank's ATMs outside Kosovo

2.0% - min 2€

Not applicable

Per transaction

Money deposit in ATM

Free of charge

Free of charge

Per transaction

Payments in our bank's POS Terminals

Free of charge

Free of charge

Payments in other bank's POS Terminals in Kosovo

Free of charge

Not applicable

Per transaction

Payments in other bank's POS Terminals outside Kosovo

Free of charge

Not applicable

Per transaction

POS Terminalet

Business Clients

AGRO

Criteria for the commission

Commission for non active POS Terminals

2.50 €

2.50 €

Last 3 months < €150 turnover per POS Terminal

POS account maintenance fee

1.00 €

1.00 €

Per account

Commission for POS with telephone, ethernet line

Free of charge

Free of charge

Për POS

GPRS-POS commission

5.30 €

5.30 €

Per GPRS-POS

*For institutional and utility payments with Starcard in a single transaction, only fees mentioned in KOS GYRO and Collector fees apply

**For institutional and utility payments with Starcard in two or three installments, fees mentioned in KOS GYRO and Collector fees apply.

***The maximum limit for online purchases with Debit Card is 500 EUR.

Commission

Commission types

Business Clients

Validity

Online payments at certified merchants with 3D Secure

For Online purchases up to 4.99€ with credit card/one-time password (3D secure)

Free of charge

Per transaction authorization

One-time password for Online purchases from 5.00€ and more with credit card

0.10€

Per transaction authorization

One-time password for Online purchases with debit card

0.10€

Per transaction authorization

Effective Interest Rates (IER): IER is calculated according to provisions of the CBK Regulation on Effective Interest Rate and Disclosure Requirements and under assumptions set out in this regulation:
a)  If the client uses the total limit amount of 1,000 Eur immediately for payment in 12 installments and fully repays the debt based on the latest balance of each month, and the bank applying the card maintenance fee, then the EIR is 3.65%.
b)  If the client uses the total limit amount of 1,000 Eur immediately for payment in 12 installments and pays the minimum based on the latest balance of each month, and the bank applying the card maintenance fee, then the EIR is 10.21%.
c)  If the client uses the total limit amount of 1,000 Eur immediately and thoroughly only for purchase and payment (without installments), the limit is offered for one year, the amount for each repayment is 15% (minimum payment), and with the bank applying the maintenance card fee, then the EIR is 25.64%.
d)  If the client uses the total limit amount of 1,000 Eur immediately for advance cash withdrawal, the limit is offered for one year, the amount for each repayment is 15% (minimum payment), and when the bank applies the card maintenance fee and the fee is based on the value calculated on the withdrawn amount according to the bank’s pricelist, then the EIR is 35.12%.

Kos Gyro and Collector payment fees

Commission

Commission types

Business Clients

Validity

Insurance Company Kos Gyro payments via E-banking

0.50 €

Per transaction

KESCO KOS Gyro payments via E-banking

Free of charge

Per transaction

TELEKOM Kos Gyro payments via E-banking

Free of charge

Per transaction

Prishtina RWC Kos Gyro payments via E-banking

Free of charge

Per transaction

Customs Kos Gyro payments via E-banking

0.50 €

Per transaction

Other Kos Gyro payments

0.50 €

Per transaction

Collector payments - Terminali Shpk

0.50 €

Per transaction

Collector payments - Tax declaration (Balance €0)

0.50 €

Per transaction

PTK in TEB

Free of charge

Per transaction

Tax payments via E-banking and TEB Mobile

0.50 €

Per transaction

Kos Gyro and Collector payment fees

Commission types

Komisioni

Kos Gyro and Collector payment fees

Klientë Afaristë

Validity

Insurance Company Kos Gyro payments via TEB Mobile

€ 0.50

Per transaction

KESCO payments via TEB Mobile

Free of charge

Per transaction

TELEKOM Kos Gyro payments via TEB Mobile

Free of charge

Per transaction

Customs Kos Gyro payments via TEB Mobile

€ 0.50

Per transaction

Tax payments via TEB Mobile

€ 0.50

Per transaction

Other Kos Gyro payments

€ 0.50

Per transaction

Kos Gyro and Collector payment fees

Commission

Commission types

Business Clients

Validity

Kos Gyro and Collector payment fees

Other Kos Gyro payments

1.50 €

Per transaction

KESCO payments (with cash)

5.00 €

Per transaction

KESCO payments (with Credit Card)

1.50 €

Per transaction

Collector payments (via account)

1.50 €

Per transaction

Collector payments (with cash)

5.00 €

Per transaction

Collector payments (with Credit Card)

1.50 €

Per transaction

Kos Gyro payments (via account)

1.50 €

Per transaction

Kos Gyro payments (with cash)

5.00 €

Per transaction

Kos Gyro payments (with Credit Card)

1.50 €

Per transaction

Kos Gyro water supply payments (via account)

1.50 €

Per transaction

Kos Gyro water supply payments (with cash)

5.00 €

Per transaction

Kos Water payments (with Credit Card)

1.50 €

Per transaction

Collector payments (University fee, via account)

1.50 €

Per transaction

Collector payments (University fee, with cash)

3.00 €

Per transaction

Collector payments (with Credit Card)

1.50 €

Per transaction

Insurance Company Kos Gyro payments (via account)

1.50 €

Per transaction

Insurance Company Kos Gyro payments (with cash)

5.00 €

Per transaction

Insurance Company Kos Gyro payments (with Credit Card)

1.50 €

Per transaction

Çmimorja për biznesin dokumentar

Letër Kreditë (LK)

Tarifa EUR

Tarifa USD

Commission for Cash Covered LC

1.2% annual / 25 Min

1.2% annual / 25 Min

Commission for Financed Letter of Credit

4.5% annual / 100 Min

4.5% annual / 100 Min

Checking documents for LC

75

100

Discount of LC

8.2% p.a

Not applicable

Commitment fee (admin.expens.)

0.3% per transaction

0.3% per transaction

Notice Expenses for Letter of Credit

75

100

Payment under LC

10

Not applicable

Delivery fee

10

Not applicable

Letër Garancionet (LG)

Commission for Cash Covered LG

1.2% annual / 25 Min

1.2% annual / 25 Min

Commission for Financed LG

5.0% annual / 100 Min

5.0% annual / 100 Min

Implementation fee

0.3% in the required amount / 50 Min

Not applicable

Commitment fee (admin.expens.)

0.3% per transaction

0.3% per transaction

Notice Costs for Letter Guarantees

10

10

Payment under LG

10

Not applicable

Change fee for International Guarantees

10

Not applicable

Change fee for Interna􀆟onal Guarantees

15

Not applicable

Change fee for National Guarantees

30

Not applicable

Delivery fee

10

Not applicable

Inkaso Dokumentare

Inkaso Dokumentare

0.3% / 50 Min

Not applicable

Communication expenses

20

Not applicable

Delivery fee

10

Not applicable

Payment for "Promissory note"

30

Not applicable

Approval fee for inkaso dokumentare

20

Not applicable

Payment on a specified date for collection with deferred payment

25

Not applicable

Confirmation commission for LG/LC (for TEB, BNP)

1.5% Annual / 150 Min

Not applicable

Correspondent bank fees

Payments

Correspondent bank fees

Validity

EUR Payments within Austria (fixed fee for all the payments)

5.00 EUR

Per transaction

EUR Payments up to 12,500€ (except Turkey and Germany)

8.00 EUR

Per transaction

EUR Payments from 12,500.01€ to 25,000€ (except Turkey and Germany)

12.00 EUR

Per transaction

EUR Payments from 25,000.01€ to 50,000€ (except Turkey)

12.00 EUR

Per transaction

EUR Payments from 50,000.01€ (except Turkey)

20.00 EUR

Per transaction

EUR Payments for Turkey (except TEB Turkey - fixed fee for all the payments)

20.00 EUR

Per transaction

EUR Payments for TEB Turkey (fixed fee for all the payments)

2.00 EUR

Per transaction

EUR Payments in Germany from 0€ to 2,500€

3.50 EUR

Per transaction

EUR Payments in Germany from 2,500.01€ to 10,000€

7.00 EUR

Per transaction

EUR Payments in Germany from 10,000.01€ to 25,000€

10.00 EUR

Per transaction

USD Payments (fixed fee for all the payments)

22.00 USD

Per transaction

CHF Payments (fixed fee for all the payments)

18.00 CHF

Per transaction

GDP Payments (fixed fee for all the payments)

25.00 GBP

Per transaction

Deposits and Savings

Term Deposit Accounts EUR

Period

Interest rate

Effective Interest Rate

1 Month

0.00% Annual

0.00% Annual

3 Months

0.00% Annual

0.00% Annual

6 Months

0.00% Annual

0.00% Annual

9 Months

0.00% Annual

0.00% Annual

12 Months

0.00% Annual

0.00% Annual

13 Months

0.00% Annual

0.00% Annual

15 Months

0.00% Annual

0.00% Annual

18 Months

0.00% Annual

0.00% Annual

24 Months

0.00% Annual

0.00% Annual

36 Months

0.00% Annual

0.00% Annual

48 Months

0.30% Annual

0.27% Annual

60 Months

0.50% Annual

0.45% Annual

Term Deposit Accounts other currencies

Period

Interest rate

Effective Interest Rate

GBP

1 - 12 Monthly

0.00% Annual

0.00% Annual

USD

1 - 12 Monthly

0.00% Annual

0.00% Annual

CHF

1 - 12 Monthly

0.00% Annual

0.00% Annual

*For term deposits over 60 months, please visit one of the branches of TEB Bank.

**Interest rates are set annually. Existing accounts (agreements) will not be affected.

Tarifa për depozita masive

Commission

Validity

Massive cash deposit fee / Applicable to legal entities Clients whose monthly average of deposit transaction is over 300.

1.5

Per transaction

*The fee shall be affective on 14.01.2017

Savings Account

Valuta

Interest rate

Effective Interest Rate

EUR

0.04% Annual

0.04% Annual

USD

0.00% Annual

0.00% Annual

CHF

0.00% Annual

0.00% Annual

GBP

0.00% Annual

0.00% Annual

*For any prematurely interruption of the deposit account agreement, punitive tariffs will apply.
Income tax of 10% is deducted from gross accrued interest.
**Please, visit our portfolio officers for a detailed calculation of any deposit request. The calculation method is provided by bank staff, on customer request. The bank calculates effective interest rate on loans and deposits based on the CBK regulation on ”effective interest rates and requirements for disclosure” and it is disclosed in the contract between bank and customer.

Kredi biznesi

Loan type

Loan maturity

Nominal interest rate

Monthly rate

Norma Efektive e Interesit

Administrative expenses

Fee for early loan payment

Up to 10,000€

up to 84 months

15.00%

1.25%

18.31%

1.00%

5% of the remaining capital

10,001€ - 50,000€

up to 84 months

10.80%

0.90%

12.41%

0.50%

5% of the remaining capital

50,001€ - 250,000€

up to 84 months

9.84%

0.82%

11.34%

0.50%

5% of the remaining capital

> 250,000€

up to 84 months

8.88%

0.74%

10.28%

0.50%

5% of the remaining capital

Kredi tjera

Agro loans 500 - 5,000€

up to 84 months

21.60%

1.80%

27.52%

1.50%

5% of the remaining capital

Agro loans 5,001 - 10,000€

up to 84 months

18.00%

1.50%

23.06%

1.50%

5% of the remaining capital

Agro loans 10,001 - 30,000€

up to 84 months

12.84%

1.07%

16.92%

1.50%

5% of the remaining capital

Agro loans > 30,000€

up to 84 months

9.84%

0.82%

12.40%

1.00%

5% of the remaining capital

Entrepreneurial Loans for Women (start-up)

up to 84 months

9.48%

0.79%

9.90%

0.00%

5% of the remaining capital

Entrepreneurial Loans for Women

up to 84 months

9.48%

0.79%

12.00%

1.00%

5% of the remaining capital

Car loans

up to 84 months

9.48%

0.79%

13.08%

1.50%

5% of the remaining capital

Business Overdraft 0 - 9,999€

max. 24 months

16.08%

1.34%

18.60%

1.00%

5% of credit limit

Spot loans 0 - 9,999€

max. 12 months

16.08%

1.34%

18.60%

1.00%

Not applicable

Revolving loans 0 - 9,999€

max. 12 months

16.08%

1.34%

18.60%

1.00%

Not applicable

Business Overdraft 10,000€ - 50,000€

max. 24 months

13.56%

1.13%

15.05%

0.50%

5% of credit limit

Spot loans 10,000€ - 50,000€

max. 12 months

13.56%

1.13%

15.05%

0.50%

Not applicable

Revolving loans 10,000€ - 50,000€

max. 12 months

13.56%

1.13%

15.05%

0.50%

Not applicable

Business Overdraft > 50,000€

max. 24 months

10.92%

0.91%

12.07%

0.50%

5% of credit limit

Spot loans > 50,000€

max. 12 months

10.92%

0.91%

12.07%

0.50%

Not applicable

Revolving loans > 50,000€

max. 12 months

10.92%

0.91%

12.07%

0.50%

Not applicable

Direct Debit system loan up to €10,000

max. 12 months

16.08%

1.34%

18.38%

1.00%

Not applicable

Direct Debit system loan over €10,000

max. 12 months

13.56%

1.13%

14.90%

0.50%

Not applicable

Effective interest rate for all types of loans is calculated according to the longest maturity of each type of loan noted in the price list.

** Please, visit our portfolio officers for a detailed calculation of any loan request. The calculation method is provided by bank staff, on customer request. The bank calculates effective interest rate on Loans and Deposits based on the CBK regulation on ”effective interest rates and requirements for disclosure” and it is disclosed in the contract between bank and customer.

** Interest will be applied for each delay in payment.

*** The interest rate shall be calculated on the basis of the requirement of the CBK Regulation on the interest rate which is the annual rate consisting of a reference rate increased by 8 percentage points fixed rate. The reference rate shall be changed and published by the CBK every six months on the internet web page https://www.bqk-kos.org/. On 1st February, it will be published the rate based on the average for the period July-December, which will be valid for the following period from 10th February to 9th August; whereas on 1st August of the calendar year, the rate based on the average for the period January-June is published, which is valid for the next period from 10th August 10 to 9th of February. If the CBK has not published the new reference rate, the CBK reference rate recently published will be used.

Published on 03.04.2023