ALPHA BANK CYPRUS LTD, acknowledging the adverse effects of the economic recession and with the aim of assisting customers that experience difficulties in fulfilling their financial obligations, informs its clients that as of Monday, 7th May 2012, the Default Interest, with which all excesses and/or arrears of current accounts and/or fixed term loans and/or other banking facilities held with our Bank are charged, either in Euro or in any foreign currency, is reduced from 5.35% to 2.50%.
It is noted that the Default Interest which is charged on credit card accounts remains unaltered.
It is clarified that the relations between our clients and our Bank will be governed and/or will continue to be governed by the terms of the relevant contracts and/ or the general terms and conditions of the Bank.
Details and/or further information regarding the above may be requested from Alpha Bank Cyprus Ltd’s Branch network.
Nicosia, 26th April 2012