|
Societe Generale Expressbank Interest Rate Bulletin
In this section you can find detailed information about Societe Generale Expressbank interest rates on deposits and accounts in sight.
Interest rates on saving accounts and term deposits for individual clients
Download PDF
Base Interest Rate of Societe Generale Expressbank
Base interest rate of Societe Generale Expressbank (BIRSGEB) is an index designed to represent the cost of the banks’ resources, needed to finance loans and other receivables to which that rate applies.
The cost of the banks’ resources enlists the following two elements:
-
The average cost of the attracted funds from individuals, companies and other non-banking institutions, with regulatory and overhead costs embedded in the value; (S)
-
The alternative cost for attracting funds from the interbank market. (R)
Each of the two elements participates in the calculation with its relative weight in the amount of loans and other receivables based on BIRSGEB. (K1, K2)
Senior management could approve discounts from the values of the above elements. (D)
BIRSGEB is calculated separately for each single currency and is presented in percentage, rounded to 0.05% step.
SGEBBIR= SK1 + RK2 - D
It is revised on a monthly basis by Cash and Liquidity Committee of the bank.
BIRSGEB in force as of March 1, 2012
|
BGN |
EUR |
USD |
GBP |
CHF |
|
5.95% |
4.00% |
3.55% |
3.80% |
2.60% |
BIRSGEB Archive
|