ZAGREB, Nov 10 (Hina) - On 1 November, the Zagrebacka Bank (ZABA) introduced lower interest rates on loans, changed rates on deposits and offered a new kind of loan - a loan with no special purposes in the national currency (kuna) -
the ZABA management member in charge of retail banking, Zvonimir Jurjevic, said at a news conference last Monday.
ZAGREB, Nov 10 (Hina) - On 1 November, the Zagrebacka Bank (ZABA)
introduced lower interest rates on loans, changed rates on deposits
and offered a new kind of loan - a loan with no special purposes in
the national currency (kuna) - the ZABA management member in charge
of retail banking, Zvonimir Jurjevic, said at a news conference
last Monday. #L#
ZABA is going to approve first cases of such new loans without the
currency clause for the period of five years and they will be at the
same price as those with the currency clause with the interest rate
of 10.49 percent. The maximum amount which might be granted in such
loan is 100,000 kuna.
Jurjevic attributed the introduction of this sort of loans to a
long-term stability of the exchange rate of the national currency
as well as the bank's confidence in the stable national currency.
Regarding loans taken for the housing purposes, since 1 November
there has been a possibility for a grace period of one year, and
interest rates have been lowered, for instance the interest rate of
7.99 percent has been cut to 7.19 (with the 20-percent deposit) to
7.79 (with no deposit), Jurjevic said.
ZABA also cut interest rates for its best selling products - a cash
loan through the MasterCard from 12.99 to 10.99 percent. The
interest rate for the allowed overdraft in current accounts is
14.99 percent instead of previous 17.99.