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Base Rate of Cooperatives
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Base Rate of Cooperatives

The methodology of the Base Rates of Cooperatives is based on the factors of funding cost, operating cost, marginal regulatory cost of capital on the basis of the lower risk-weight factor, negative cost of carry and a qualitative strategic factor – the market conditions and the competition.
The quantitative data of these factors result to 2,75% as Base Rate of Cooperatives.


The Base Rates according to the purpose of the loan and the corresponding risk-weight factors are set to:
1.    Base Rate for Housing Loans = 2,75%
2.    Base Rate for Consumer Loans = 3,70%
3.    Base Rate for Corporate Loans = 2,95%

For loans with cash collateral the Base Rate is set as the 1,40% rate on 3m Notice Account.