Deposit Terms

Deposits in current and savings accounts are paid upon demand with interest, on condition they are not blocked, with the exception of deposits which are not considered final and for which the Bank reserves the right to deny payment. The Bank determines the interest rate per type of account at its discretion.

Interest on cash deposited is calculated from the date the deposit is made.

If a Depositor deposits foreign currency (excluding cash) or value items for collection and credit to his account, interest is calculated from the business day following the actual date the Bank collected the foreign currency or cheques or other value items; prior credit to the depositor's account becomes final on the above-mentioned date. Expenses the Bank has paid for the above-mentioned collection are born by the depositor.

In case of withdrawal, interest is calculated until the business day preceding the date of withdrawal.

Interest on interest-bearing accounts, in EURO as well as in most currencies, is calculated according to actual calendar days, on a 360-day p.a. basis.

Interest per type of account is calculated as follows:

• Statement Savings account (in Euro): monthly
• Passbook Savings account (in Euro or other currency): twice a year (June and December)
• Current account (in Euro): monthly
• Statement Savings account (in foreign currency): twice a year (June and December)
• Payroll account (in Euro)
• Savings Account (in Euro) "My Way": monthly

However, when the account is closed at an earlier date, interest will be paid with the capital at the time the account is closed.

Applicable tax in favor of the State, as provided by law, is withheld from the interest.

If interest rates remain unchanged or increase, the respective annual effective interest improves due to compounding of interest paid during the year.