On January 1, 2026, all loans (including overdrafts and credit cards), provided and used in BGN, will be converted into EUR at the official exchange rate (BGN 1.95583 to EUR 1), without currency conversion fees charged to customers, after which all obligations under them will be paid in euro. The undrawn part of them, also converted into euro, will remain usable as agreed.

Loans in currencies other than BGN will not be subject to conversion, and after January 1, 2026 all terms and conditions on them will remain unchanged.

With regard to interest rates applicable on loan agreements in BGN, the requirements specified in the Law on the Introduction of the Euro in the Republic of Bulgaria will apply, as follows:

• For fixed interest rate loan agreements, the interest rate will remain as agreed before January 1, 2026.
• For variable interest rate loan agreements, the reference index/indicator used to calculate the applicable interest rate will be replaced by a comparable index/indicator, reflecting similar market conditions, with the new interest rate under the agreement not being higher than the interest rate at the date of the change.