Conversion of loans from Swiss Francs to Euros (Law 5264/2025)

The law provides the option to convert your total outstanding loan balance from CHF to € under preferential terms, depending on the category you belong:

• Improved EUR/CHF exchange rate by up to 50%
• Fixed interest rate from 2.30% (plus Law 128/75 levy) for the remaining duration of the loan

Category 1

• 50% improvement on the exchange rate
• 2.30% fixed interest rate
  

Category 2

• 30% improvement on the exchange rate
• 2.50% fixed interest rate
  

Category 3

• 20% improvement on the exchange rate
• 2.70% fixed interest rate
  

Category 4

• 15% improvement on the exchange rate
• 2.90% fixed interest rate
  

The exchange rate on which the improvement percentage will be applied, is the EUR/CHF rate published by the ECB on the date the borrower submits the application.

After the conversion of the loan to euros, the new repayment schedule will consist of a fixed monthly instalment in euros for the entire remaining duration, releasing you permanently from both exchange rate and interest rate risk.
In addition, the law provides the option to extend the duration of your loan (in €) by up to 5 years, with an upper age limit of 80 years at loan maturity, while the extension after the conversion cannot exceed 50% of the remaining duration of the loan prior to conversion.

Under Law 5264/2025, the following borrowers may be included in the arrangement: individuals, self employed persons and sole proprietorships that maintain a loan in Swiss francs (CHF) which:

• Is up to date or does not show arrears exceeding 90 days as of the effective date of the Law (i.e., from 19.02.2026)
• Has been restructured and is being properly serviced
• Has not been included under the provisions of Law 3869/2010

Depending on:  

1. the composition of your household
2. your income
3. your real estate assets and
4. your deposits

you are classified into one of the four categories below, receiving the corresponding preferential terms, namely the improvement on the current exchange rate and the new interest rate following the conversion of the loan into euros.

• 50% improvement on the exchange rate
• 2,30% fixed interest rate (nominal, plus Law 128/75 levy)

Category 2

• 30% improvement on the exchange rate
• 2,50% fixed interest rate (nominal, plus Law 128/75 levy)

Category 3

• 20% improvement on the exchange rate
• 2,70% fixed interest rate (nominal, plus Law 128/75 levy)

Category 4

• 15% improvement on the exchange rate
• 2,90% fixed interest rate (nominal, plus Law 128/75 levy)

No eligibility criteria apply.

Borrowers who belong to the vulnerable social group of Persons with Disabilities (with a certified disability rate of at least 67%) will be classified in Category 1, without further assessment of income or asset criteria.

The categorization (for categories 1–3) is carried out through a dedicated platform of the General Secretariat for the Financial Sector & Private Debt Management (GGXTDIX), through which the relevant categorization certificate is issued. This certificate must be submitted to the bank when applying for the conversion of the loan.

For category 4, you may submit your request directly at any branch of Piraeus Bank, without the obligation to provide a categorization certificate.

For more information, you may refer to the website of the GGXTDIX.

For borrowers in categories 1–3, applications may be submitted until 19.08.2026, while borrowers in category 4 may submit an application until 19.06.2026.

To submit your application, please book an appointment through Piraeus e‑banking at any branch of Piraeus Bank, providing the categorization certificate if you belong to one of categories 1–3.

A necessary requirement for submitting your request is the update of your personal information through Piraeus e‑banking or the Piraeus app.