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Bank interest rates/commissions

The Bank of Greece, being responsible for ensuring the transparency of banking transactions, has laid down, in Governor's Act 2501/2002, credit institutions’ disclosure requirements to retail customers with respect to terms and conditions governing the provision of banking services. In accordance with these rules and with a view to ensuring full information for customers, the Bank of Greece's website provides comparative tables with information on certain key products offered by credit institutions (housing and consumer credit interest rates, deposit rates, loan costs and commissions/fees charged on other banking transactions).

It should be noted that the tables include some representative products and services offered by banks, and these data are drawn from the detailed information available to customers on the website or branches of each bank.

Credit institutions are responsible for updating their price lists regularly. The information is presented on an "as given" basis and the Bank of Greece takes no responsibility. This presentation is purely informative and cannot be construed as advice or other recommendation.

Useful information on the use of comparative tables

  • Floating-benchmark rate under Bank of Greece Governor's Act 2501/2002. Floating-rate loan agreements determine an interest rate, to which the contractual rate is benchmarked, such as the ECB intervention rate, the Euribor, bond yields, short-term securities yields etc. The agreement also specifies the manner of contractual rate adjustment as follows:
    i) as a maximum multiple of the change in the benchmark rate; or
    ii) as the sum of the benchmark rate plus a maximum margin.
  • The interest rate shown per category does not include the levy referred to in Law 128/75 (0.6% for consumer loans, 0.12% for housing loans).
  • For the calculation of the Total Annual Effective Percentage of Charge (SEPPE), account is taken of the total costs of credit to consumers, which comprise all charges, including interest and other costs.
  • The category of personal loans concerns fixed-term loans for personal needs.
  • The category of open-end loans comprises loans in the form of revolving credit, whereby the borrower may obtain credit advances up to an aggregate credit limits.
  • STP (straight-through processing) is used for remittances comprising all necessary codified data (e.g. IBAN) that allow the execution of the payment via modern, fully automated IT systems.
  • Housing credit concerns €100,000 loans for the purchase of real estate, where the property is financed at 80%.
  • For credit card interest rates, the representative category is the "classic" credit card.
  • For open-end loan rates, the representative category is loans with a €6,000 credit limit.
  • For collateralised consumer loans, the representative category is €15,000 loans for car purchase with a maturity of 4 years.
  • For uncollateralised consumer loans, the representative category is €6,000 personal loans with a maturity of 3 years.
  • For housing loan costs, the representative category is €100,000 loans.
  • Consumer loan costs are calculated on the basis of the representative example.
  • For payments of incoming orders, commission is charged when accounts are credited with sums of up to €12,500.
  • Management fees concern savings accounts.
  • Where the bank does not offer the product or service concerned, a dash is inserted.  
Competent Department:
Department for the Supervision of Credit and Financial Institutions