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NOTICE: EURO ACCOUNTS - INCREASE IN HBZ EURO BASE RATE
Dear Customer,
We are writing to you in relation to the EURO currency account(s) you maintain with Habib Bank Zurich plc (the Bank).
We would like to inform you that due to recent increase in Euro base rate by the European Central Bank (ECB), the Bank has decided to increase its ‘HBZ Euro Base Rate’ for arranged and temporary borrowing and/or trade finance facility(ies) denominated in Euro as per the table below. There will be no impact if you do not have any arranged and/or temporary borrowing and/or trade finance facility(ies) on any EURO account held with the Bank. The effective date of this change is from 5th June 2023.
| CURRENCY EURO (EUR) | CURRENT HBZ BASE RATE | NEW HBZ BASE RATE | INTEREST RATE INCREASE | EFFECTIVE DATE |
|---|---|---|---|---|
| Current rate increase communicated via this letter dated 27th March 2023 | 0.25% | 2.00% | 1.75% | 5th June 2023 HBZ Base Rate will be 2.00 |
Please be advised that the Bank may change the interest rate from time to time. This will be communicated to you in advance.
We endeavour to provide you with best service and thank you for your trust and continued business with us. If you have any questions, please do not hesitate to contact your Relationship Manager or any other member of the service team at the Branches.
Your sincerely,
Habib Bank Zurich plc.
United Kingdom