TERMS AND CONDITIONS (TARIFF) of First Investment Bank Ltd. Cyprus Branch (Fibank Cyprus Branch)

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1 TERMS AND CONDITIONS (TARIFF) of First Investment Bank Ltd. Cyprus Branch (Fibank Cyprus Branch) I. GENERAL PROVISIONS Art. 4 The present Terms and Conditions regulates the standard fees and commissions applied by Fibank Cyprus Branch, unless the Bank has expressly negotiated with its clients or correspondents different terms and conditions for particular transactions. FIBank s fees, commissions, interest rates and other charges shall be collected in the same currency in which the bank account has been opened or its equivalent in any other currency at the exchange rate announced by Fibank Cyprus Branch for the respective currency as of the date of the transaction. The fees and commissions for cash transactions in Euro and foreign currency shall be collected only for transactions executed in Fibank Cyprus Branch. The fees and commissions for individuals shall apply only to individuals, who do not execute commercial transactions through their accounts with Fibank Cyprus Branch in relation to their commercial or professional activity. II. BANK ACCOUNTS Opening of bank accounts 1. Current accounts in Euro and foreign currency EUR Current accounts and deposit accounts in Euro and foreign currency of individuals free of charge Maintenance of bank accounts 1. Current accounts in Euro and foreign currency EUR 5 per month 1.1. Free deposit EUR 5 per month 2. Current accounts in Euro and foreign currency of individuals EUR 2 per month Closing bank accounts 1. Closing current accounts by order of the account holder EUR 5 2. Closing current accounts and deposit accounts by order of the account holder - individual Art. 4 Reports (statements) on bank account free of charge 1. Report (statement) on bank account upon request in Fibank Cyprus Branch 1.1. report for a chosen period/day from the current month for legal entities dublicate EUR for individuals EUR monthly report for a previous period up to 6 months as of the last reporting period inclusive EUR 5 per report for individuals free of charge 1.3. monthly report for a previous period more than 6 months EUR 10 per report for individuals EUR 5 per report 1

2 Art. 5 Reports (statements) on accounts with bank cards 1. Report on account with a debit card by mail 2. Terms and Conditions of Fibank Cyprus Branch 1.1. monthly EUR 1 per shipment 1.2. for 3 months EUR 2 per shipment 1.3. for 6 months EUR 3 per shipment 1.4. for 12 months EUR 5 per shipment Statement on card account with a credit card on a paper-based medium 2.1. monthly by mail free of charge 2.2. upon request at Fibank Cyprus Branch for the last reporting period EUR upon request at Fibank Cyprus Branch for previous reporting period Notes: EUR The Bank requires a minimum balance of EUR 10 for all accounts defined in, Item 2 and EUR 100 accordingly for all accounts defined in, Item 1 of this Chapter. Zero balance under these types of accounts shall be deemed sufficient ground for closing the account without prior notification of the Titleholder. 2. Dublicate an additional report (statement) on a paper-based medium which is given to the client. Guarantee of bank deposits The balances on all bank accounts of the clients (individuals and corporate customers) opened with First Investment Bank Ltd. Cyprus Branch and the interests accrued on them are guaranteed by the Bank Deposit Insurance Fund founded and functioning in the Republic of Bulgaria as per the conditions provided under the Bank Deposits Guarantee Act. The total amount of the guarantee is up to BGN 196,000* for every client and the accounts opened in a currency different from Bulgarian leva are included with their BGN equivalence defined by the rate of Bulgarian National Bank as at the initial day of the guarantee repayment. *By virtue of 9, para. 2 of the Law on the Bulgarian National Bank since the official exchange rate of the Bulgarian lev to the Euro shall be as follows: EUR 1,00 = BGN 1, III. CASH TRANSACTIONS Cash transactions in Euro 1. Cash deposits 0.1%, min. EUR 1, max. EUR Cash withdrawal 0.2%, min. EUR 2, max. EUR To/From term deposits, current and saving accounts of individuals 3.1. Cash deposits free of charge 3.2. Cash withdrawal 0.2%, min. EUR 2, max. EUR at maturity free of charge 4. In the event of prior arrangement and subsequent refusal or reduction of the requested amount upon withdrawal % on the refused/reduced amount, min. EUR 5

3 Cash transactions in foreign currency Terms and Conditions of Fibank Cyprus Branch 1. Cash deposit 0.75%, min. EUR 1 2. Cash withdrawal 0.75%, min. EUR 1 Notes: 1. The deposit and withdrawal amount under and are calculated per client on a daily basis. 2. For cash withdrawals above EUR 2,000 (equivalence in foreign currency), the client should make a prior notice until o clock on the previous working day and amounts above EUR 15,000 (equivalence in foreign currency) should be announced 2 working days in advance. IV. TRANSFERS IN EURO AND FOREIGN CURRENCY Internal Transfers 1. The orderer and the beneficiary hold accounts with Fibank Cyprus Branch EUR for individuals EUR 1 2. From and to accounts of one and the same client in a branch of FIBank 3. When the orderer holds account with Fibank Cyprus Branch and the beneficiary holds account with Fibank AD 3.1. for individuals free of charge EUR for amounts up to EUR 1,000 EUR for amounts from EUR 1,000 up to EUR 5,000 EUR for amounts above EUR 5,000 EUR When the orderer does not hold an account with Fibank Cyprus Branch and the beneficiary holds an account with Fibank AD 5. From client s account with Fibank Cyprus Branch to his account with Fibank AD EUR 7 EUR for individuals EUR 2 6. Cancellation of transfer order EUR 30 Interbank Transfers 1. Incoming transfers 1.1. If the beneficiary is client of FIBank-Branch Cyprus for amounts up to EUR 10,000 free of charge for amounts above EUR 10,000 EUR Outgoing transfers ordered by clients of FIBank-Branch Cyprus: 2.1. transfers with a SPOT value date (2 working days after the day of the order) to countries outside European Economic Area regardless of their currency and to countries within the European Economic Area in any currency different from Euro for amounts up to EUR 1,000 EUR fast transfers to other banks with next day value date (TOM value date) 0.15%, min. EUR 15, max. EUR %, min. EUR 25, max. EUR 270 3

4 2.3. transfers in Euro to accounts kept with a bank on the territory of EEA country (with TOM value date) for amounts up to EUR 500 EUR %, min. EUR 15, max. EUR express transfers to other banks with same day value date 0.35%, min. EUR 35, max. EUR SWIFT messages EUR 10 per page 4. Cancellation of transfer order EUR 30 Notes: 1. SWIFT message fee under, Item 3 shall be additionally paid for interbank transfers to other banks. 2. Transfers under, Item 4 of this Chapter shall be done only by individuals for amounts up to EUR 1,000. V. LENDING А. CORPORATE LENDING Loan application fee 1. For loans: 1.1. Up to EUR 50,000 EUR Up to EUR 250,000 EUR Up to EUR 1,000,000 EUR above EUR 1,000, %, max. EUR 750 Commitment Fee 2% 1. On overdraft free of charge Management Fee 1. On loans, including conditional loans 1% for each year or part thereof 2. On overdraft 1.5% for each year or part thereof 3. For loans, including overdraft above EUR 250,000 by arrangement Art. 4 Renegotiation 0.05%, min.eur 25, max. EUR 250 VI. BANK CARDS А. DEBIT CARDS International debit cards Maestro / VISA Electron 1. Receiving of a card EUR Receiving of a reissued card EUR Receiving of a card abroad upon client s request EUR 100 B. CREDIT CARDS International credit cards VISA & MasterCard 1. Receiving of a card EUR 10 4

5 2. Receiving of a reissued card EUR Receiving of a card abroad upon client s request EUR 100 Note: 1. The Terms and Conditions (Tariff) of Fibank AD which is available at is applicable for all other transactions performed by means of bank cards issued by Fibank AD. VII. VIRTUAL BANKING OF FIBANK Ltd. CYPRUS BRANCH (e-fibank Cyprus) Registration free of charge 1. Amendment/termination of a registration free of charge 2. Blocking/unblocking of access free of charge Maintenance of bank accounts in Euro and foreign currency and reports (statements) on them on an electronic medium 1. Maintenance of a Free deposit of business clients including reports (statements) on an electronic medium Transfers in Euro and foreign currency through e-fibank Cyprus Branch Art. 4 Generating a new password for access EUR 10 Art. 5 Specialized electronic coding device (Token) EUR Change of a personal identification number for Token (PINt) EUR 10 according to Chapter II, from Tariff of Fibank Cyprus Branch according to Chapter II,, Item 1.1. from Tariff of Fibank Cyprus Branch according to Chapter IV from Tariff of Fibank Cyprus Branch 2. Blocking/unblocking free of charge VIII. OTHER SERVICES Issuing bank letter of reference EUR Express (within 24 hours) additional fee EUR 25 Confirmation of account balances to third parties EUR 50 Note: 1. The Terms and Conditions (Tariff) of Fibank AD is applicable for all other banking services and operations. 5

6 ADDITIONAL PROVISIONS 1. All fees, commissions, interests and other costs shall be collected upon initiation of the bank services, unless agreed otherwise with Fibank Cyprus Branch. All fees, commissions, interests and other costs are not refundable, irrespective of the completion of the transaction or its cancellation. 2. In addition to the fees and commissions, specified in the Terms and Conditions (Tariff) of Fibank Cyprus Branch the client who orders the transaction shall pay for all transaction expenses, such as: postage, telephone, SWIFT, facsimile, courier, etc. as well as the fees and commissions of the correspondent banks. 3. The Interest Rate Bulletin applied by First Investment Bank Cyprus Branch on bank accounts in Euro and foreign currency, as well as the Appendices to the Terms and Conditions for specialized banking products, approved by Fibank s Managing Board constitute an inseparable part of the present Terms and Conditions (Tariff) of Fibank Cyprus Branch. CONCLUDING PROVISIONS 1. The present Terms and Conditions (Tariff) approved by decision of the Managing Board of Fibank AD come into force as of and reverse the fees and commissions effective for Fibank Cyprus Branch up to this date. 2. Despite all changes in numbering, the articles of the present Terms and Conditions (Tariff) shall be substituted with the corresponding articles for all existing contracts and agreements with the Bank. 3. Fibank Cyprus Branch provides the present Terms and Conditions along with all its Appendices on a durable medium at the customer service areas, as well as on its Internet site 4. The present Terms and Conditions (Tariff) of Fibank Cyprus Branch might be amended and altered by Decision of the Managing Board of Fibank AD, as all amendments are announced and shall enter into force immediately. The amendments which concern payment services for individuals are announced 2 (two) months prior to their entry into force, unless they are related to extension of the services range and/or are more favourable for them and shall enter into force immediately. Interest Rate Bulletin applied by First Investment Bank Ltd. Cyprus Branch on bank accounts in Euro and foreign currency according to the Interest Rate Bulletin applied by Fibank AD This Interest Rate Bulletin applied by Fibank Ltd. Cyprus Branch is approved by Fibank s Managing Board and is an inseparable part of the Terms and Conditions (Tariff) of First Investment Bank Cyprus Branch. 6