Under the interest equalisation agreement the financial institution will pay fixed CIRR to FEC and receive a floating rate (normally Euribor or Libor) plus a spread from FEC. According to the decision of The Ministry of Empolyment and the Economy the interest equalisation maximum spreads to be added to the reference rate are as follows:
Repayment period, years |
Credit amount |
|||
under 5M€ |
5-25 M€ |
25-50 M€ |
over 50M€ |
|
5 or under |
50 bp |
40 bp |
35 bp |
30 bp |
over 5 - 10 |
50 bp |
45 bp |
40 bp |
40 bp |
over 10 |
50 bp |
50 bp |
45 bp |
40 bp |