Business Banking Reference Rates

Business Banking Reference Rates

Reference Lending Rates for Bank of Ireland Business/Private Banking.

Except for Business Banking Term Loan Variable Rate for Consumers, the rates quoted below do not include the Bank’s lending margin which is added to give the gross rate applicable to the individual loan. This information is provided in loan documentation provided to the client at the time of drawdown. These rates are published to comply with the Consumer Protection Code, paragraph 6.7b (for personal consumers) or the Lending to Small & Medium Sized Enterprises Regulations 2015 (for non personal consumers) and are updated during the day as they become available.

Business Banking Reference Rates for New Business (Consumer and Business)

Rate Name Rate 3 Month 6 Month 9 Month 12 Month
Small Business Agri rate 1.11% - - - -
Bank Cost of Funds (BCOF) - 0.43% 0.48% - 0.60%
Euribor (365 day) - -0.336% -0.277% -0.205% -0.165%
Euribor (360 day) - -0.331% -0.273% -0.202% -0.163%
USD Cost of Funds / LIBOR - 1.29328% 1.44500% - 1.73344%
JPY Cost of Funds / LIBOR - -0.00% - - -
CHF Cost of Funds / LIBOR - -0.73% - - -
GBP Cost of Funds / LIBOR - 0.30300% 0.45438% - 0.66700%
SBCI Bank Cost of Funds - - 0.77% - -
Business Banking Term Loan Variable Rate For Consumers 5.50% - - - -
Prime Rate for Consumers 0.20% - - - -

Business Banking Rates (not available for new lending)

 
Rate Name Rate 1 Week 2 Week 1 Month 2 Month 3 Month 6 Month 9 Month 12 Month
BOI Prime Rate 0.20% - - - - - - - -
BOI Business Prime 1.11% - - - - - - - -
Term Loan Legacy Rate 1.96% - - - - - - - -
BOI Commercial Prime Rate 0.20% - - - - - - - -
Danske Prime 1 1.10% - - - - - - - -
Bank Cost of Funds (BCOF) - 0.38% 0.38% 0.38% 0.41% - - - -
Bank Euro Rate (BER) - -0.38% - -0.38% - -0.33% -0.28% - -0.16%
Bank Euro Business Rate (BEBR) - - - - - 0.01% 0.01% - 0.01%
Private Banking – Cost of Funds (COF) Euro Rate (360 day) - 0.37% - 0.38% - 0.42% 0.48% - 0.59%
Euribor (365 day) - -0.385% -0.379% -0.379% -0.347% - - - -
Euribor (360 day) - -0.380% -0.374% -0.374% -0.342% - - - -
Private Banking – GBP Cost of Funds (COF) - 0.24% - 0.25% 0.27% 0.30% 0.45% - 0.66%
Private Banking USD Cost of Funds (360 day) - 1.19% - 1.22% 1.25% 1.30% 1.45% - 1.74%
USD Cost of Funds / LIBOR - 1.18611% - 1.22000% 1.25111% 1.29328% 1.44500% - 1.73344%
JPY Cost of Funds / LIBOR - - - -0.03% - - - - -
CHF Cost of Funds / LIBOR - - - -0.79% - - - - -
GBP Cost of Funds / LIBOR - 0.23638% - 0.25169% 0.27144% 0.30300% 0.45438% - 0.66700%
Term Loan Legacy Rate for Consumers 1.96% - - - - - - - -
Private Banking – Cost of Funds Euro Rate (PB COF) - 0.0% - 0..0% - 0..0% 0.0% - 0.0%
Bank Euro Rate for Consumers - -0.38% - -0.38% - -0.33% -0.28% - -0.16%

WARNING:The cost of your repayments may increase


WARNING:If you do not meet the repayments on your credit facility agreement, your account will go into arrears, this may affect your credit rating which may limit your ability to access credit in the future.

1 For loans purchased from Danske Bank.

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