Change in Base Rate

Dear Valued Customers,

In view of the market interest rate movements, we are revising our Base Rates as below:

effective 15-Dec-2022, our HBZ Prime Rate (HBZPR) for Business Customers will be revised from 6.00% to 9.00%
effective 15-Jan-2023, our HBZ Lending Rate (HBZLR) for Individual Customers will be revised from 6.00% to 9.00%

In case of any questions, please contact your Relationship Manager. We look forward to continuing this valued relationship.

Habib Bank AG Zurich
United Arab Emirates