OREANDA-NEWS. December 06, 2010. Due to changeover to the euro, the bank has specified in the general terms and conditions, that in credit contracts, concluded with the client, in which the parties have agreed on applying the base interest of Estonian kroon loans as the floating interest rate, the floating interest rate starting from the changeover to the euro shall be the bank’s base interest applicable to euro loans, reported the press-centre of SEB Pank

In addition, the general terms and conditions establish that the bank is not obliged to notify in advance of changes in the price list, as a result of which the prices become more favourable for the client. The bank has also supplemented the provisions, concerning anti-money laundering activity.

The new terms and conditions shall enter into force on 1 January 2011 and shall be applicable to all contracts valid at that moment.

If you find the new terms and conditions unacceptable, you may terminate the contract, concluded with the bank. Please contact a bank office for terminating your contract the latest on 31 December 2010.

If you have not informed the bank by the said term of your wish to terminate the contract, it is deemed that you have agreed to the changes in the terms and conditions and starting from 1 January 2011, the new terms and conditions shall apply to you.