OJSC Nordea Bank cuts the interest rates on overdrafts available to card holders

28.12.2009

OJSC Nordea Bank cuts the interest rates on overdrafts available to card holders

With effect from 28 December 2009 OJSC Nordea Bank cuts the interest rates on overdrafts available to the holders of Visa and MasterCard issued by the Bank.
The interest rates for individual customers of the Bank have been cut by 11 percentage points for overdrafts in Roubles and by two percentage points for overdrafts in Euros and US Dollars, while for employees of the Bank’s corporate customers the rates were lowered by 3 percentage points on the average, depending on the currency of a relevant card account and a relevant fee schedule.
Thus, the interest rates on overdrafts available in Roubles to debit card holders will be equal to 24 % per annum and to 18 % per annum for cards in Euros and US Dollars. An exposure limit for an overdraft available to a bank card holder is set up individually but in any case it can not exceed 12,000 Euros or its equivalent in Roubles or US Dollars.
The Bank has also cut the interest rates on overdrafts with grade period available to card holders: by 2 percentage points down to 26 % per annum (in Roubles) and by 4 percentage points down to 20 % per annum (in Euros and US Dollars). In this case, no interest is charged from a card holder over the established grace period.
Should you have any queries on the terms offered by OJSC Nordea Bank to the holders of cards issued by the Bank (including overdrafts and overdrafts with a grace period) please do not hesitate to call us at the following phone numbers:
(+7 495) 921-21-01 – calls from Moscow,
(8 800) 200-34-77 – calls from outside Moscow.
You may also get any information on the matter in the Bank’s Web-site.

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